The cloud services company Fastly said Thursday it intends to acquire Signal Sciences for $775 million. The deal for Los Angeles-based Signal Sciences, which provides security monitoring and digital defenses for web applications, is for $200 million in cash and roughly $575 million in Class A stock, the companies said in an announcement. The deal is subject to “customary adjustments for transactions of this nature,” they said. Fastly also will set up a $50 million retention pool for restricted stock meant to current Signal Sciences employees. The transaction brings Signal Sciences into Fastly’s service, a content distribution platform that protects against distributed denial-of-service (DDoS) attacks, automated bot traffic and provides an application firewall. Now, the plan is to include Signal Science’s technology, which encompasses API protection, into a new security product. Word of the deal comes after Palo Alto Networks announced it would acquire Crypsis Group, an incident response firm, for $265 […]
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