F5 Networks To Acquire Threat Stack For $68M

F5 Networks Inc FFIV agreed to acquire cloud security and workload protector Threat Stack for $68 million.
The transaction will likely add $15 million in revenue for FY22.
Boston-based Threat Stack brings technology and talent to strengthen F5's security capabilities and further its adaptive applications vision with cloud observability and actionable security insights for customers.
F5 plans to finance the deal with balance sheet cash. It held $767.9 million in cash and equivalents as of June 30. The acquisition will likely close in F5's Q1 FY22.
Price Action: FFIV shares traded lower by 1.87% at $200.75 on the last check Monday.