Akamai Applied sciences is buying Neosec, an API detection and response platform and a portfolio firm of TLM Companions, for an undisclosed quantity.
That is expertise M&A deal quantity 107 that ChannelE2E and MSSP Alert have coated to date in 2023. See greater than 2,000 expertise M&A offers for 2022, 2021, and 2020 listed right here.
Akamai Acquires Neosec for API Detection and Response
Akamai Applied sciences is a heavy hitter within the cloud business primarily based in Cambridge, Massachusetts. The corporate has over 8000 staff listed on LinkedIn. Akamai’s areas of experience embody Edge Safety, Internet and Cellular Efficiency, Enterprise Entry, and Video Supply Options.
Neosec, based in 2021, is predicated in Palo Alto, California. The corporate has 47 staff listed on LinkedIn. Neosec’s areas of experience embody safety and risk detection, particularly by way of the usage of behavioral analytics to know regular versus irregular API utilization after which gives threat-hunting capabilities.
The deal comes slightly over every week after the corporate introduced an replace to its flagship companion program.
Neosec’s API safety resolution will complement Akamai’s market main software and API safety portfolio by dramatically extending Akamai’s visibility into the quickly rising API risk panorama, the corporate stated.
The corporate believes that the mixed API options will put Akamai on the forefront of a crucial rising class of API safety for which clients are actively looking for help. APIs are on the middle of each software developed in the present day and have turn out to be a major goal for malicious actors. Due to that, regulatory compliance legal guidelines have emerged that require enterprises to strengthen their safety measures on APIs.
Akamai Acquires Neosec: Govt Insights
Mani Sundaram, government vp and GM, Safety Expertise Group, Akamai Applied sciences
Mani Sundaram, government vp and common supervisor, Safety Expertise Group, Akamai Applied sciences, commented:
“With quickly accelerating digital transformation, APIs are the brand new frontier for digital enterprise and the enablement of crucial enterprise features. Enterprises expose full enterprise logic and course of information by way of APIs, which, in a cloud-based economic system, are weak to cyberattacks. Neosec’s platform and Akamai’s software safety portfolio will permit clients to realize visibility into all APIs, analyze their habits and defend in opposition to API assaults.”
Giora Engel, co-founder and CEO, Neosec, stated:
“What units Neosec aside from different API safety suppliers is the whole visibility into all API exercise and the usage of behavioral analytics that detect threats others miss. In contrast to different options, Neosec delivers wealthy, XDR-like API visibility mixed with detection and response capabilities that allow full investigation and risk looking. In the end, Akamai clients could have a greater view into all of their API exercise, to determine vulnerabilities and threats earlier than they’re uncovered, and detect assaults in runtime.”
Neosec’s staff, together with co-founder and CEO, Giora Engel, and co-founder and chief expertise officer, Ziv Sivan, are anticipated to affix Akamai’s Safety Expertise enterprise.