Deals

Akamai Acquires Cyberfend
Date: 
Monday, December 19, 2016
Location: 
Cambridge
Categories: 
B2B
Security
Deal Type: 
Acquisition

Akamai Technologies, Inc. (NASDAQ: AKAM) today announced the Company has acquired Cyberfend, an innovator in bot and automation detection solutions for web and mobile environments, in an all cash transaction. The acquisition is intended to further strengthen Akamai's existing bot management and mitigation services.

Credential theft and abuse is a significant problem for online businesses and their customers. Recent industry estimates place the number of compromised user credentials (e.g. usernames, passwords, email addresses) exfiltrated during major breaches and currently in circulation in the billions. The value of these stolen credentials can be worth as much as two to five times more than basic credit card information... READ MORE