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F5 snags Volterra multi-cloud management startup for $500M – TechCrunch

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 […] ....

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F5 Networks to acquire edge-as-a-service startup Volterra for $500M

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Network traffic management company F5 Networks Inc. today announced it will acquire “edge-as-a-service” startup Volterra Inc. in a $500 million deal consisting of $440 million in cash and $60 million in future consideration.
Founded in 2017 and launched out of stealth in November 2019, Volterra offers a service-based infrastructure platform designed to help enterprises distribute their applications across public and private clouds and the network edge.
The platform helps DevOps and NetOps teams ease their operational, security and performance challenges as their apps and data are distributed across cloud or edge environments. For DevOps teams, Volterra offers management of large sets of applications with less complexity while NetOps teams can simplify app-to-app networking and security across clouds. ....

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F5 acquires multi-cloud management startup Volterra for $500 mn

F5 acquires multi-cloud management startup Volterra for $500 mn
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F5 Networks To Buy Edge-As-A-Service Specialist Volterra

Application delivery specialist F5 Networks revealed its plans to acquire startup Volterra for its edge-as-a-service platform for approximately $440 million in cash, the two companies announced on Thursday. ....

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F5 Networks buys Volterra for $500M

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1/7/2021
SEATTLE F5 Networks, the leader in application security and delivery, and Volterra, the first universal edge-as-a-service platform, today announced a definitive agreement under which F5 will acquire all issued and outstanding shares of privately held Volterra for approximately $440 million in cash and approximately $60 million in deferred consideration and assumed unvested incentive compensation to founders and employees. With the addition of Volterra s technology platform, F5 is creating an edge platform built for enterprises and service providers that will be security-first and app-driven with unlimited scale.
In connection with the transaction, F5 raised its Horizon 2 (fiscal years 2021 and 2022) and long-term revenue outlook, and reiterated its Horizon 2 operating targets, including its commitment to achieving double-digit non-GAAP earnings per share growth. The company ....

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