F5 got an expensive holiday present today, snagging startup Shape Security for approximately $1 billion.

F5 president and CEO François Locoh-Donou sees a way to protect his customers in a comprehensive way.

As for Shape, CEO Derek Smith said that it wasn’t a huge coincidence that F5 was the buyer, given his company was seeing F5 consistently in its customers.

In its most recent round in September, the company raised $51 million on a valuation of $1 billion.

Upon closing Shape’s Smith will join the F5 management team and Shape employees will be folded into F5. | To read full story, visit https://startuparound.com/read/1577056890.1440718/F5-acquires-Shape-Security-for-$1B-–-TechCrunch?ref=audio_experience