Akamai to takeover cloud-based security provider Prolexic for USD370 million

By VCPOST Staff Reporter

Dec 02, 2013 07:14 AM EST

American Internet network operator Akamai Technologies Inc. recently said that it will buy cloud-based security provider Prolexic Technologies Inc. for about USD370 million. According to a report by Reuters, the acquisition of Prolexic is expected to add USD6 to USD8 per share to the company's adjusted profit in the first full year after the deal's closing. The acquisition is expected to close in the first half of next year, the report said.

Prolexic is the world's largest, most trusted Distributed Denial of Service (DDoS) mitigation provider, read a profile on CrunchBase. It safeguards data centers and enterprise IP applications against hacker attacks, the profile read. Ten of the world's largest banks and the leading companies in e-Commerce, SaaS, payment processing, travel/hospitality, gaming and other at-risk industries rely on Prolexic to protect their businesses.  It has raised a total of USD51.9 million in three funding rounds over the last three years, its CrunchBase profile read. 

Akamai Technologies generated a total revenue of USD1.16 billion and has a net income of USD200.90 million, according to its 2011 filing with the Securities and Exchange Commission.

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