by Ty Trumbull • Apr 20, 2023

Akamai Technologies is buying Neosec, an API detection and response platform and a portfolio firm of TLM Partners, for an undisclosed quantity.

This is expertise M&A deal quantity 107 that ChannelE2E and MSSP Alert have coated up to now in 2023. See more than 2,000 technology M&A deals for 2022, 2021, and 2020 listed here.

Akamai Acquires Neosec for API Detection and Response

Akamai Technologies is a heavy hitter within the cloud trade based mostly in Cambridge, Massachusetts. The firm has over 8000 workers listed on LinkedIn. Akamai’s areas of experience embody Edge Security, Web and Mobile Performance, Enterprise Access, and Video Delivery Solutions.

Neosec, based in 2021, is predicated in Palo Alto, California. The firm has 47 workers listed on LinkedIn. Neosec’s areas of experience embody safety and menace detection, particularly via the usage of behavioral analytics to know regular versus irregular API utilization after which gives threat-hunting capabilities.

The deal comes slightly over per week after the corporate introduced an update to its flagship partner program.

Neosec’s API safety answer will complement Akamai’s market main utility and API safety portfolio by dramatically extending Akamai’s visibility into the quickly rising API menace panorama, the corporate mentioned.

The firm believes that the mixed API options will put Akamai on the forefront of a vital rising class of API safety for which prospects are actively searching for help. APIs are on the middle of each utility developed in the present day and have grow to be a main goal for malicious actors. Because of that, regulatory compliance legal guidelines have emerged that require enterprises to strengthen their safety measures on APIs.

Akamai Acquires Neosec: Executive Insight

Mani Sundaram, govt vice chairman and GM, Security Technology Group, Akamai Technologies

Mani Sundaram, govt vice chairman and basic supervisor, Security Technology Group, Akamai Technologies, commented:

“With rapidly accelerating digital transformation, APIs are the new frontier for digital business and the enablement of critical business functions. Enterprises expose full business logic and process data via APIs, which, in a cloud-based economy, are vulnerable to cyberattacks. Neosec’s platform and Akamai’s application security portfolio will allow customers to gain visibility into all APIs, analyze their behavior and protect against API attacks.”

Giora Engel, co-founder and CEO, Neosec, mentioned:

“What sets Neosec apart from other API security providers is the complete visibility into all API activity and the use of behavioral analytics that detect threats others miss. Unlike other solutions, Neosec delivers rich, XDR-like API visibility combined with detection and response capabilities that enable full investigation and threat hunting. Ultimately, Akamai customers will have a better view into all of their API activity, to identify vulnerabilities and threats before they are exposed, and detect attacks in runtime.”

Neosec’s workers, together with co-founder and CEO, Giora Engel, and co-founder and chief expertise officer, Ziv Sivan, are anticipated to hitch Akamai’s Security Technology enterprise.