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Hollywood Florida internet security firm Prolexic acquired for $370 million

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In the world of computing and the internet, a denial-of-service (DoS) or distributed denial-of-service (DDoS) is an attempt to make a computer or network resource unavailable to its intended users. It generally consists of efforts to temporarily or indefinitely interrupt or suspend services of a host connected to the internet. In plain language, your personal computer or large institutional computer system becomes infected with a virus from a malicious hacker.

Akamai Technologies (Akamai), the leading provider of cloud services for delivering, optimizing and securing online content and business application, announced today it will acquire Prolexic Technologies (Prolexic), a provider of cloud-based security solutions against DoS and DDoS attacks.

Under the terms of the agreement, Akamai will acquire all of the outstanding equity of Prolexic in exchange for a net cash payment of approximately $370 million.

Tom Leighton, CEO of Akamai said, “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. 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.”

Prolexic is one of the largest, most trusted, DDoS mitigation providers in the world. They currently provide services to some 400 of the world’s largest banks and leading companies in e-commerce, payment processing, travel, hospitality, gaming and energy.

Located in Hollywood, Florida, Prolexic began business in 2003 and employs approximately 200 people. It is anticipated the current Prolexic management and employees will continue in their roles as part of Akamai after the transaction is completed and the Hollywood facility will become Akamai’s third ‘center of excellence’ with the others located in Massachusetts and Israel.

Scott Hammack, CEO of Prolexic said, “Today, business is defined by the availability, security and latency of internet-facing applications, data and infrastructure. Being able to rely on one provider for internet performance and security greatly simplifies resolution of network availability. We believe that, together, we will be able to deliver an unprecedented level of network visibility and protection.”

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