F5 Networks, a transnational company that specializes in application services and application delivery networking, completed the acquisition of Shape Security, a cybersecurity company in Mountain View, California, for $1bn. "We know from the companies we work with that applications are critical to running their business. To drive maximum business value and the best experiences for their customers, these apps need to perform flawlessly while protecting data security and user privacy. When a website or application experience is degraded by web fraud and abuse, the result is lost revenue, lost brand equity, and customers jumping ship to the competition," François Locoh-Donou, F5 President and CEO.