The world’s most trusted cybersecurity solutions provider, Akamai Technologies, Inc., acquired Tel Aviv, Israel-based Guardicore for approximately $600 million.
Akamai Technologies offers many innovative and leading Zero Trust security solutions, including WAF, ZTNA, DNS, and SWG. It prevents third parties from gaining access to its user’s infrastructure and apps. Now, the provider has deployed a second layer of defense to block the spread of malware, Guardicore’s best-in-class micro-segmentation solution.
Akamai Technologies will incorporate Guardicore’s solutions for micro-segmentation in its Zero Trust security portfolio. In turn, it will suit the unique requirements of enterprise customers, providing high-end protection against the spread of malware, ransomware, and other threat actors.
Guardicore’s micro-segmentation solution will limit user access to applications permitted to connect. It will refuse communication as the standard, thus significantly reducing threat, risk exposure, and malware distribution. In other words, it will safeguard the flow of corporate data across the network.
Zero Trust is getting a ✨makeover.✨
Today we proudly announce the joining of @Akamai and Guardicore to create a true end-to-end ZT story.
— Guardicore (@Guardicore) September 29, 2021
Guardicore will provide protection beyond the data center to the cloud, including bare metal, virtual machines, and containers across the data center.
Tom Leighton, who serves the role of Chief Executive Officer (CEO) and co-founder of Akamai Technologies, had this to say:
Given the recent surge in ransomware attacks and increasingly stringent compliance regulations, investing in technologies to reduce the spread of malware has become mission-critical. By adding Guardicore’s leading micro-segmentation products to Akamai’s comprehensive portfolio of Zero Trust solutions, we believe Akamai will be able to provide the most effective way to combat ransomware on the market today.
Guardicore’s solution will mitigate the impact of breaches and the threat posed by ransomware. Thus, it will deliver much-needed capability. Businesses will better understand and protect their infrastructure, from the enterprise’s core to the cloud. Since they will detect breaches early on, they will also take quick corrective actions.
Pavel Gurvich, who serves the role of co-founder and CEO at Guardicore, had this to say:
Guardicore’s mission is to protect enterprises from damage caused by breaches, like ransomware while safeguarding the critical assets at the heart of the network. The customer is able to reduce risk in a holistic way across all products, managing from a single console versus many products and machines. My team and I greatly look forward to joining Akamai to protect the user and the enterprise – no matter what the user is doing or where end-users and workloads are located.
Morgan Stanley & Co. acted as financial advisors for Akamai in the acquisition. The companies have scheduled the deal, subject to customary closing conditions, for completion in the fourth quarter of 2021. According to estimates, Akamai Technologies will generate approximately $30–35 million in revenue during the fiscal year 2022.