Deals
F5 Networks Reaches $500 Million Deal for Startup Volterra
- Acquisition furthers F5’s move toward software, says chief
- Volterra CEO sees better position versus Cloudflare, Fastly
F5 Networks headquarters in downtown Seattle, Washington.
Photographer: Chona Kasinger/BloombergThis article is for subscribers only.
F5 Networks Inc. has reached an agreement to buy the privately owned software startup Volterra for $500 million.
Seattle-based F5 will pay $440 million in cash, plus about $60 million in deferred stock payments and incentives to Volterra’s founders and employees, according to a statement confirming an earlier report by Bloomberg.