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Announced

Completed

Cloudflare completed the acquisition of Area 1 Security for $162m.

Financials

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Transaction Value£119m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Synopsis

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Cloudflare, an IT services provider, completed the acquisition of Area 1 Security, a cybersecurity company, for $162m. "By combining our leading phishing protection and threat intelligence capabilities with Cloudflare’s global network, data capabilities, and Zero Trust platform we truly believe that together we can help companies of any size better secure their entire network infrastructure and better protect against the most destructive cyber risks,” Patrick Sweeney, Area 1 Security President and CEO.

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