Cooley advised edge cloud platform provider Fastly on its agreement to acquire Signal Sciences, one of the fastest growing web application security companies in the world, for approximately $775 million in cash and stock. The acquisition, which is expected to close this year, will expand Fastly's robust security portfolio at a time when security at the edge has never been more critical. Partners Ben Beerle, Jamie Leigh and Seth Gottlieb led the Cooley team advising Fastly.
The deal supports Fastly's mission to provide simplified, secure and frictionless solutions at scale and to transform the security landscape by offering an alternative to the existing array of opaque, fragmented and inflexible solutions needed to protect web applications and APIs. Signal Sciences' technology combined with Fastly's current solutions will form Fastly's upcoming new security offering, Secure@Edge. The modern, unified web application and API protection solution will power and protect companies looking to further or begin their digital transformation. The solution will deliver increased agility, visibility and protection as more code and applications move to the edge.
"As the digital transformation movement continues to accelerate, DevOps teams are struggling with inadequate and inflexible security tools," Joshua Bixby, CEO of Fastly, said in a news release. "Together with Signal Sciences, we will give developers modern security tools designed for the way they work. This new solution will integrate with our Compute@Edge platform, accelerating the adoption of edge computing, while simultaneously solving for modern security challenges. We look forward to working with the talented team at Signal Sciences as we continue to innovate and deliver revolutionary security and edge-computing solutions together."
Fastly's edge cloud platform enables customers to create great digital experiences quickly, securely and reliably by processing, serving and securing its customers' applications as close to their end-users as possible – at the edge of the internet. The platform is designed to take advantage of the modern internet, to be programmable and to support agile software development. Fastly's customers include many of the world's most prominent companies, including Vimeo, Pinterest, The New York Times and GitHub.
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