Akamai (AKAM) Completes Noname Security Buyout for $450M
AKAMAkamai(AKAM) ZACKS·2024-06-26 19:46

Akamai Technologies, Inc. (AKAM) has completed the acquisition of Noname Security, a top application programming interface (API) security vendor, for approximately $450 million. Announced on May 7, the transaction marks a significant move in the API security landscape and is likely to prove beneficial for the company in the long run. Transaction Rationale Noname Security, renowned for its comprehensive API security solutions, will bolster Akamai’s capabilities to meet the escalating demand for robust API pr ...