Akamai buys Prolexic to boost cloud computing security

Grazed from V3.co.uk. Author: Daniel Robinson.

Akamai Technologies has announced its intention to acquire security firm Prolexic Technologies in order to offer customers using its cloud platform protection against cyber attack from the internet. The acquisition, which is expected to close in the first half of 2014, will see Akamai purchase all of the outstanding equity of Prolexic in exchange for a cash payment of approximately $370 million. The buyout is subject to the usual conditions, including regulatory approvals.

Akamai, which operates a cloud-based content delivery network with a global presence, said the move will enable it to provide customers with a comprehensive portfolio of security solutions to defend their web and IP infrastructure against application-layer, network-layer and data centre attacks...

This will include protecting the full suite of enterprise IP applications Akamai offers, from email to file transfers and virtual private networking (VPN), especially against the threat of distributed denial-of-service (DDoS) attacks...

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