Applications networking company F5 has announced it’s acquiring Threat Stack, a Boston-based cloud security and compliance startup, for $68 million.
The deal, which comes months after F5 bought multi-cloud management startup Volterra for $500 million, sees the 25-year-old company looking to bolster its cloud security portfolio as applications become a growing focus for cybercriminals. Businesses lose more than $100 billion a year to attacks targeting digital experiences, F5 says and these experiences are increasingly powered by applications distributed across multiple environments and interconnected through APIs.
Threat Stack, which was founded in November 2012 and has since amassed more than $70 million across six funding …
