F5 Networks, Inc. (NASDAQ: FFIV), a Seattle, WA-based company that specializes in application services and application delivery networking, is to acquire all issued and outstanding shares of Shape Security, a Santa Clara-based online fraud prevention platform, for a total enterprise value of approximately $1 billion in cash.

This acquisition brings together F5’s expertise in protecting applications across multi-cloud environments with Shape’s fraud and abuse prevention capabilities to transform application security.

Together, the two companies provide organizations with comprehensive, end-to-end application security.

Shape uses AI-powered automation and fraud detection capabilities to distinguish between human and automated traffic and defend some of the world’s largest enterprises against cyber-security initiated fraud against their online applications.

Its fraud prevention platform detects and blocks up to 1 billion fraudulent or unwanted transactions daily, while keeping 200 million legitimate human logins and other interactions safe. | To read full story, visit https://startuparound.com/read/1577215923.3016667/F5-Networks-Acquires-Shape-Security,-for-$1-Billion?ref=audio_experience