Applications networking company F5 announced today that it is acquiring Volterra, a multi-cloud management startup, for $500 million. That breaks down to $440 million in cash and $60 million in deferred and unvested incentive compensation.
Volterra emerged in 2019 with a $50 million investment from multiple sources, including Khosla Ventures and Mayfield, along with strategic investors like M12 (Microsoft’s venture arm) and Samsung Ventures. As the company described it to me at the time of the funding:
Volterra has innovated a consistent, cloud-native environment that can be deployed across multiple public clouds and edge sites — a distributed cloud platform. Within this SaaS-based offering, Volterra integrates a broad range of services that have normally been siloed across many point products and network or cloud providers.
The arrangement is intended to give a solitary method to see security, activities and the board segments.
F5 president and CEO François Locoh-Donou sees Volterra’s edge arrangement incorporating across its product offering. “With Volterra, we advance our Adaptive Applications vision with an Edge 2.0 stage that settles the complex multi-cloud reality venture clients face. Our foundation will make a SaaS arrangement that tackles our clients’ greatest trouble spots,” he said in an assertion.
Volterra originator and CEO Ankur Singla, writing in an organization blog entry declaring the arrangement, says the requirement for this arrangement possibly quickened during 2020 when organizations were moving quickly to the cloud because of the pandemic. “At the point when we began Volterra, multi-cloud and edge were still trendy expressions and adventure financing was all the while looking for unmistakable use cases.
Quick forward three years and COVID-19 has significantly changed the scene — it has quickened digitization of actual encounters and moved a greater amount of our every day exercises on the web. This is causing enormous spikes in worldwide Internet traffic while making new assault vectors that sway the security and accessibility of our expanding set of everyday applications,” he composed.
He sees Volterra’s capacities fitting in well with the F5 group of items to help address these issues. While F5 had a calm 2020 on the M&A front, the present buy goes ahead top of several significant acquisitions in 2019, including Shape Security for $1 billion and NGINX for $670 million.
The arrangement has been affirmed by the two organizations’ sheets and is relied upon to close before the finish of March, subject to administrative endorsements.
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