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Akamai confirms acquisition of Noname for $450M
A couple of weeks ago, TechCrunch broke the news that Akamai was in discussions to acquire Noname Security, a specialist in API security, for around $500
With a number of these companies finding it hard to scale, or raise money, or sell to customers that are looking for one-stop shops to manage multiple security needs, bigger players are picking up the smaller and more promising of these. “API development continues to proliferate as customers prioritize their investments in application modernization and digital transformation initiatives,” said Oz Golan, chief executive officer and co-founder, Noname, in a statement. No matter where the customer’s applications reside – be it in the cloud, natively on the edge, on-premise, or on other vendor platforms – they will be protected.” Golan and the rest of the San Jose company’s 200 employees are expected to join Akamai with the deal.
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