Applications networking company F5 has acquired Volterra, a multi-cloud management startup, for $500 million.
F5 said it is creating an edge platform built for enterprises and service providers that will be security-first and app-driven with unlimited scale.
“With Volterra, we advance our Adaptive Applications vision with an Edge 2.0 platform that solves the complex multi-cloud reality enterprise customers confront,” said Francois Locoh-Donou, president and CEO, F5.
The deal breaks down to $440 million in cash and $60 million in deferred and unvested incentive compensation.
“With our platform, we will extend F5’s application security leadership to the edge, thereby expanding our combined reach in the fastest growing segment of F5’s $28 billion 2023 total addressable market,” said Ankur Singla, founder and CEO of Santa Clara-based Volterra.
F5 Networks in 2019 acquired NGINX in a deal valued at about $670 million. NGINX powers over half of the busiest websites in the world. Majority of sites on the Internet, and hundreds of thousands apps, like Instagram, Pinterest, Netflix, and Airbnb are hosted on web servers running NGINX.
