Seattle-based F5 network, the company which offers cloud-based services along with security offerings has announced acquiring NGINX, a platform known among the programmers for its open source web server. The deal between the two firms has been closed for about $670 million. Notably, Citrix was another company who had been in talks with NGINX for the possible purchase which eventually did not conspire because of the cost.
Gus Robertson, the CEO of the firm along with the two co-founders, Igor Sysoev and Maxim Konovalov will be joining F5 Networks as company employees. The platform was launched in 2011 and it had raised over about $105 million in investment with the last capital infusion coming in June last year. Goldman Sachs, New Enterprise Associates, Blue Cloud Ventures, e.ventures, Index Ventures, Rina Capital, and Telstra Ventures are the few top backers of the firm.
François Locoh-Donou, F5 Networks CEO and the president talking of the acquisition said, “F5’s acquisition of NGINX strengthens our growth trajectory by accelerating our software and multi-cloud transformation. By bringing F5’s world-class application security and rich application services portfolio for improving performance, availability, and management together with NGINX’s leading software application delivery and API management solutions, unparalleled credibility and brand recognition in the DevOps community, and massive open source user base, we bridge the divide between NetOps and DevOps with consistent application services across an enterprise’s multi-cloud environment.”
Robertson through a statement said that “NGINX and F5 share the same mission and vision. We both believe applications are at the heart of driving digital transformation. And we both believe that an end-to-end application infrastructure—one that spans from code to customer—is needed to deliver apps across a multi-cloud environment. I’m excited to continue this journey by adding the power of NGINX’s open source innovation to F5’s ADC leadership and enterprise reach. F5 gains depth with solutions designed for DevOps, while NGINX gains breadth with access to tens of thousands of customers and partners.”
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