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New Deal


Announced

Akamai Technologies to acquire Neosec.

Financials

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

Tags

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Friendly

United States

behavioral analytics

Digital Services

Single Bidder

Majority

API detection

Acquisition

Domestic

Private

Pending

Synopsis

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Akamai Technologies, the cloud company that powers and protects life online, agreed to acquire Neosec, an API detection and response platform based on data and behavioral analytics. Financial terms were not disclosed. "What sets Neosec apart from other API security providers is the complete visibility into all API activity and the use of behavioral analytics that detect threats others miss. Unlike other solutions, Neosec delivers rich, XDR-like API visibility combined with detection and response capabilities that enable full investigation and threat hunting. Ultimately, Akamai customers will have a better view into all of their API activity, to identify vulnerabilities and threats before they are exposed, and detect attacks in runtime," Giora Engel, Neosec CEO.

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