June 26, 2024 at 05:49PM
Akamai Technologies, Inc. has completed the acquisition of API security company Noname Security for approximately $450 million. This acquisition is expected to enhance Akamai’s ability to meet the growing demand for API security and extend protection across all API traffic locations. Akamai also anticipates gaining greater scale with Noname’s additional resources and relationships.
From the meeting notes, the key takeaways are:
1. Akamai Technologies, Inc. has completed the acquisition of API security company, Noname Security, for approximately $450 million.
2. This acquisition will enable Akamai to extend protection across all API traffic locations and gain greater scale with Noname’s sales and marketing resources.
3. Noname Security is expected to accelerate Akamai’s ability to meet growing customer demand and market requirements for API security.
4. Akamai is positioning itself to better serve the expanding market for APIs through this acquisition.
For more information, individuals can visit the Akamai application and API security page and the Akamai blog.