Akamai Announces Intent to Acquire API Security Company Noname [Yahoo! Finance]
Akamai Technologies, Inc. (AKAM)
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Source: Yahoo! Finance
CAMBRIDGE, Mass. May 7, 2024 /PRNewswire/ -- Akamai Technologies, Inc. (NASDAQ: AKAM), the cloud company that powers and protects life online, announces that it has entered into a definitive agreement to acquire application programming interface (API) security company, Noname Security . Noname, one of the top API security vendors in the market, will enhance Akamai's existing API Security solution and accelerate its ability to meet growing customer demand and market requirements as the use of APIs continues to expand. Akamai also expects to gain greater scale with Noname's additional sales and marketing resources, and established channel and alliance relationships. "Applications run our world, but as applications and users proliferate, so do security risks," said Mani Sundaram , executive vice president and general manager, Security Technology Group, Akamai Technologies. "Akamai has seen a growing need for API protection with our own data showing 109% year over year growth in API at
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Earnings
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Sec Filings
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- 5/16/24 - Form 8-K
- 5/15/24 - Form 4
- AKAM's page on the SEC website