F5 Networks wraps up $1-billion acquisition of Shape Security

F5 Networks has completed the acquisition of Shape Security, adding protection from automated attacks, botnets, and targeted fraud to its portfolio of application services.

This deal combines F5 and NGINX’s expertise in powering over half of the world’s applications across all types of environments, with Shape’s insight from mitigating 1 billion application attacks per day through sophisticated AI, cloud-based analytics, and anti-fraud technologies.

Together, F5 and Shape represent an end-to-end application security solution, reducing infrastructure complexity while protecting every aspect of the “code to customer” journey against losses from online fraud, reputational damage, and disruptions to critical online services. 

“We welcome Shape to the team and look forward to the work we will do together to transform the application security landscape for customers,” said François Locoh-Donou, F5 president and CEO.

“Shape’s advanced AI and analytics capabilities will help accelerate new ways of securing and enhancing the performance of every application, across any cloud,” said Locoh-Donou.

He added that, over the longer term, through integrating our products with Shape’s large-scale telemetry and analytics capabilities, the acquisition also significantly advances F5’s plans to offer AI-enhanced services to customers for better visibility, management and orchestration across their applications.

“(T)his approximately $1-billion transaction represents the biggest in our company history, and the second in under a year,” he said. By laying out our vision to become the leader in multi-cloud application services back in 2017, we have been taking deliberate and disciplined steps to realise our future identity.”