F5 Buys Shape
F5 buys Shape.
F5 Networks buys Shape Security for $1 billion.
Shape protects the largest banks, airlines, retailers, and government agencies with a bot, fraud, and abuse defense. It defends against credential stuffing attacks, where stolen passwords from third-party data breaches are used to take over other online accounts. Shape has built an innovative platform, using artificial intelligence and machine learning, supported by cloud-based analytics, to protect against attacks that bypass other security and fraud controls.
This deal brings together F5’s ability in protecting apps across multi-cloud environments with Shape’s fraud and abuse prevention capabilities to transform app security. Together F5 and Shape offer comprehensive, end-to-end app security, potentially saving billions of dollars lost to fraud, reputation damage, and disruption to critical online services.
Shape’s app protection platform assesses the data flow from the client into the app and uses cloud-based analytics to discern good traffic from bad. With F5’s location in the data flow of traffic for 80% of Fortune 500 apps, F5 provides the ideal insertion point for Shape’s security services. Together F5 and Shape will reduce the time and resources needed to deploy world-class online fraud and abuse protection. F5’s products integrated with Shape’s large-scale telemetry and analytics capabilities will advance F5’s plans to offer AI-enhanced services that give better visibility, management, and orchestration across all apps.
François Locoh-Donou of F5 said: ‘We know from the companies we work with that apps are critical to running their business. To drive the most business value and the best experiences for their customers, these apps need to perform flawlessly while protecting data security and user privacy. When a website or app experience is degraded by web fraud and abuse, it results in lost revenue, lost brand equity, and customers jumping ship to the competition. With Shape, we will deliver end-to-end app protection, which means revenue-generating, brand-anchoring apps are protected from the point at which they are created through to the point where consumers interact with them - from code to customer. Beyond opening a fast-growing $4 billion adjacent market, Shape’s machine learning and AI-powered capabilities will scale and extend F5’s broad portfolio of app services and expand our ability to optimize and protect customers’ apps in an increasingly complex multi-cloud world.’
Derek Smith of Shape said: ‘Since Shape’s start, we saw a consistent pattern in customer after customer: F5 technology to deliver and enable their apps. Now, we look forward to the opportunity to deeply integrate with F5’s platform for app delivery and security - F5 provides the best traffic flow insertion point for Shape’s industry-leading online fraud and abuse prevention solutions. This, combined with F5’s global go-to-market scale, means we can jointly protect more customers’ apps and users from sophisticated attacks and malicious traffic.’
Foros and JP Morgan served as financial advisors to F5. Skadden, Arps, Slate, Meagher & Flom served as legal advisors.
Qatalyst Partners served as financial advisor to Shape. Sidley Austin served as legal advisor.
F5 Networks buys Shape Security for $1 billion.
Shape protects the largest banks, airlines, retailers, and government agencies with a bot, fraud, and abuse defense. It defends against credential stuffing attacks, where stolen passwords from third-party data breaches are used to take over other online accounts. Shape has built an innovative platform, using artificial intelligence and machine learning, supported by cloud-based analytics, to protect against attacks that bypass other security and fraud controls.
This deal brings together F5’s ability in protecting apps across multi-cloud environments with Shape’s fraud and abuse prevention capabilities to transform app security. Together F5 and Shape offer comprehensive, end-to-end app security, potentially saving billions of dollars lost to fraud, reputation damage, and disruption to critical online services.
Shape’s app protection platform assesses the data flow from the client into the app and uses cloud-based analytics to discern good traffic from bad. With F5’s location in the data flow of traffic for 80% of Fortune 500 apps, F5 provides the ideal insertion point for Shape’s security services. Together F5 and Shape will reduce the time and resources needed to deploy world-class online fraud and abuse protection. F5’s products integrated with Shape’s large-scale telemetry and analytics capabilities will advance F5’s plans to offer AI-enhanced services that give better visibility, management, and orchestration across all apps.
François Locoh-Donou of F5 said: ‘We know from the companies we work with that apps are critical to running their business. To drive the most business value and the best experiences for their customers, these apps need to perform flawlessly while protecting data security and user privacy. When a website or app experience is degraded by web fraud and abuse, it results in lost revenue, lost brand equity, and customers jumping ship to the competition. With Shape, we will deliver end-to-end app protection, which means revenue-generating, brand-anchoring apps are protected from the point at which they are created through to the point where consumers interact with them - from code to customer. Beyond opening a fast-growing $4 billion adjacent market, Shape’s machine learning and AI-powered capabilities will scale and extend F5’s broad portfolio of app services and expand our ability to optimize and protect customers’ apps in an increasingly complex multi-cloud world.’
Derek Smith of Shape said: ‘Since Shape’s start, we saw a consistent pattern in customer after customer: F5 technology to deliver and enable their apps. Now, we look forward to the opportunity to deeply integrate with F5’s platform for app delivery and security - F5 provides the best traffic flow insertion point for Shape’s industry-leading online fraud and abuse prevention solutions. This, combined with F5’s global go-to-market scale, means we can jointly protect more customers’ apps and users from sophisticated attacks and malicious traffic.’
Foros and JP Morgan served as financial advisors to F5. Skadden, Arps, Slate, Meagher & Flom served as legal advisors.
Qatalyst Partners served as financial advisor to Shape. Sidley Austin served as legal advisor.
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