Akamai confirms acquisition of Noname for $450M [TechCrunch]
Akamai Technologies, Inc. (AKAM)
Last akamai technologies, inc. earnings: 4/28 04:01 pm
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Source: TechCrunch
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 million. Today, the deal has been confirmed, though at a slightly lower price. Akamai on Tuesday said it has agreed to buy Noname in a $450 million deal. The deal underscores the ongoing push for more consolidation in the cybersecurity market. The last several years have seen the emergence of a wide variety of cybersecurity startups. But a number of these companies have found it hard to scale, raise money, or sell to customers that are looking for one-stop shops to manage multiple security needs, so bigger players are picking up the smaller and more promising of these. Sometimes, that is at a steep discount. Noname was valued at $1 billion at its last private fundraise in December 2021, so it is selling for less than half that price tag. This is not even the worst discount, though: Wiz was in advanced discussions to acquire La
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News
- Akamai (AKAM) Partners EZDRM to Expand Computing Program [Yahoo! Finance]Yahoo! Finance
- Akamai Technologies, Inc. (NASDAQ: AKAM) had its "hold" rating re-affirmed by analysts at Needham & Company LLC.MarketBeat
- EZDRM Joins Akamai Qualified Compute Partner Program [Yahoo! Finance]Yahoo! Finance
- EZDRM Joins Akamai Qualified Compute Partner ProgramPR Newswire
- Akamai Technologies, Inc. (NASDAQ: AKAM) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
AKAM
Earnings
- 5/9/24 - Beat
AKAM
Sec Filings
- 5/17/24 - Form 4
- 5/16/24 - Form 8-K
- 5/15/24 - Form 4
- AKAM's page on the SEC website