Akamai Technologies has announced the acquisition of cloud-based security solutions provider Prolexic in an attempt to defend the company's enterprise clients from cyberattacks.
The company said on Monday that the acquisition of Prolexic allows Akamai to give its clients a wider range of security solutions to protect their IP applications -- including email, file transfers, and VPN -- across data centers in order to protect against distributed denial of service (DDoS) attacks.
Akamai says that the security solutions will help defend an enterprise's Web and IP infrastructure against application-layer, network-layer and data center attacks delivered via the Internet.
Under terms of the agreement, Akamai will pay roughly $370 million in cash. The deal is expected to close in the first half of 2014.
"Any company doing business on the Internet faces an evolving threat landscape of attacks aimed at disrupting operations, defacing the brand, or attempting to steal sensitive data and information," said Tom Leighton, CEO of Akamai. "By joining forces with Prolexic, we intend to combine Akamai's leading security and performance platform with Prolexic's highly-regarded DDoS mitigation solutions for data center and enterprise applications protection. We believe that Prolexic's solutions and team will help us achieve our goal of making the Internet fast, reliable, and secure."
Last month, Akamai Technologies acquired Velocius Networks in an all-cash deal for an undisclosed sum. Velocius will help round out the firm's hybrid cloud optimization unit, as the small company specializes in optimizing application traffic for enterprises. The firm will be integrated into Akamai's engineering team in India.