Security News > 2020 > August > Fastly to Acquire Web Application Security Firm Signal Sciences for $775 Million
Content delivery network provider Fastly announced on Thursday that it has agreed to acquire web application security firm Signal Sciences for approximately $775 million in cash and stock.
Founded in 2014, California-based Signal Sciences provides web application firewall and runtime application self-protection technologies designed to protect applications, APIs and microservices.
Signal Sciences has raised more than $61 million in funding, including $35 million in a Series C funding round in February 2019.
Fastly plans to combine Signal Sciences' technology with its current solutions to launch a new unified web application and API protection solution called.
Under the terms of the agreement, Fastly will pay $200 million in cash and approximately $575 million worth of Class A Common Stock, subject to customary adjustments, and also establish a retention pool of $50 million worth of restricted stock units to be granted to Signal Sciences employees.