As we report 2 weeks ago from our sources for the upcoming NoName Security Sells for $500M, It seems that the acquisition is now official and publish by Akamai. The Following number represent a lose on paper for NoName Security as the Israeli cyber security of information management estimated value was $1B as recent as 3 years ago, with the last capital funding of $135M in Series C funding. Which means that the sale is not a net profit for it’s investor, however the investors placed $220M over the years. All of Noname Security will join Akamai Security Technology, That’s including the CEO and Founder Oz Golan.
“Applications manage out life more and more over the years, suggested a source within Akamai Security Technology, “we’ve noticed that over the year we see an dramatic increase of up to 120% in API security attacks”. With this addition to Akamai security technology tools and services, they could provide additional product and services to their large database of customers and be able to scale up the product and services of Noname security. In addition to continue and invest in api security with it’s 220 new employees which h increase Akamai number of employees to around 10,400 employees.
I am a software engineer with 20 years of experience of writing code, Software languages, Large scale web application, security and data protection of online digital assets in various software systems and services. I’ve decided to write and share my interests in cyber security online and information security to help and improve white hat security, safety and privacy of our online digital assets, As companies, as individuals or experts providing services. In here you’ll be able to read freely about cyber security threats, detections, common problems, services, news and everything related to information security and cyber security – enjoy and feel free to contact me via the contact page for any question.