Application security vendor F5 Networks has said it is to acquire Volterra and its universal edge-as-a-service platform for $440 million in cash plus other considerations. With the acquisition, Volterra hopes to create an edge platform for enterprises and service providers that is ‘security-first and app-driven with unlimited scale’.
“Current edge solutions are simply inadequate for today’s enterprise customers, said François Locoh-Donou, President and CEO of F5. “It’s time to break out of closed edge systems that only perpetuate the pain of building, running, and securing apps. With Volterra, we advance our Adaptive Applications vision with an Edge 2.0 platform that solves the complex multi-cloud reality enterprise customers confront. Our platform will create a SaaS solution that solves our customers’ biggest pain points. The success of F5’s software transformation has put us in a position to deliver on the potential of Edge 2.0.”
Ankur Singla, Founder and CEO of Volterra, claimed that the combined entity will pioneer the evolution of the edge to deliver adaptive, dynamic application experiences for customers: “With our platform, we will extend F5’s application security leadership to the edge, thereby expanding our combined reach in the fastest growing segment of F5’s $28 billion 2023 total addressable market,” he added.
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