Signal Sciences, the developer-focused provider of security solutions for APIs and web applications, has agreed to be acquired by Fastly, the edge computing platform, for $775M. The transaction is structured as $200M in cash with the remainder in Fastly stock (FSLY:NYSE). “Our mission has always been to secure web applications and APIs through a developer-first approach. Together with Fastly, we will be able to offer enhanced protection to a broader set of customers across multiple verticals and geographies,” remarked Andrew Peterson, Cofounder and Chief Executive Officer of Signal Sciences. “We are thrilled to be joining forces with Fastly, an ideal partner who shares our values, deep technical knowledge, and commitment to extending the DevOps movement into the realm of security.”
Our mission has always been to secure web applications and APIs through a developer-first approach. Together with Fastly, we will be able to offer enhanced protection to a broader set of customers across multiple verticals and geographies. – Andrew Peterson
Founded by Peterson, Nick Galbreath, and Zane Lackey in 2014, Culver City based-Signal Sciences had raised a total of $61.7M in reported equity funding. Backers of the company include Index Ventures, CRV, Harrison Metal, Oreilly AlphaTech Ventures, Lead Edge Capital, Bob Pasker, Alex Stamos, and Chad Dickerson. Signal Sciences last raised in early 2019 in a $35M Series C round led by Lead Edge Capital. The transaction is subject to regularity approvals and is expected to close later this year.
“Fastly was founded to meet developers’ need for greater visibility and control. Now, as the digital transformation movement continues to accelerate, DevOps teams are struggling with inadequate and inflexible security tools,” remarks Joshua Bixby, Chief Executive Officer of Fastly. “Together with Signal Sciences, we will give developers modern security tools designed for the way they work. This new solution will integrate with our Compute@Edge platform, accelerating the adoption of edge computing, while simultaneously solving for modern security challenges. We look forward to working with the talented team at Signal Sciences as we continue to innovate and deliver revolutionary security and edge-computing solutions together.”
Together with Signal Sciences, we will give developers modern security tools designed for the way they work. This new solution will integrate with our Compute@Edge platform, accelerating the adoption of edge computing, while simultaneously solving for modern security challenges. We look forward to working with the talented team at Signal Sciences as we continue to innovate and deliver revolutionary security and edge-computing solutions together. – Joshua Bixby
Fastly, founded in 2011, went public in May of 2019 and currently trades at a market cap just shy of $10B.
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