Akamai Technologies announced the acquisition of Bloxx, a provider of Secure Web Gateway (SWG) technology for protecting enterprises from Internet security threats.
The cash deal is expected to complement Akamai’s cloud security strategy for protecting businesses against Internet vulnerabilities.
Akamai plans to extend its cloud-based security services to focus on the enterprise and will protect against phishing, malware, and data exfiltration attacks targeted at corporate networks.
Bloxx’s SWG technology will be instrumental to Akamai’s goal of bringing this new suite of offerings to market in 2016.
“By adding Bloxx’s SWG technologies to our solutions, coupled with the security intelligence that we obtain from our global platform, we believe we are well-positioned to help protect enterprises and their employees from a growing threat landscape,” said Willie M. Tejada, senior vice president & general manager, Cloud Networking division at Akamai.
Bloxx, headquartered in Edinburgh, Scotland and established in 1999, is a privately-funded company with 55 employees.
Akamai Technologies has recently observed three new reflection distributed denial of service (DDoS) attacks in recent months.
Meanwhile, Akamai Technologies said its revenue rose 11 percent to $551 million in the third quarter of 2015.
Akamai generated $245 million (+5 percent) from Media Delivery Solutions, $263 million (+15 percent) from Performance and Security Solutions, $65 million (+39 percent) from Cloud Security Solutions and $43 million (+19 percent) from Service and Support Solutions.
U.S. IT market generated $401 million revenue, up 10 percent, while international revenue was $150 million, up 12 percent, said Akamai.