M&A Deal Summary

CloudFlare Acquires Baselime

On April 5, 2024, CloudFlare acquired internet software and services company Baselime

Acquisition Highlights
  • This is CloudFlare’s 6th transaction in the Internet Software and Services sector.
  • This is CloudFlare’s 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2024-04-05
Target Baselime
Sector Internet Software and Services
Buyer(s) CloudFlare
Deal Type Add-on Acquisition

Target

Baselime

London, United Kingdom
website
Baselime is a cloud-native observability platform, that use logs, metrics and distributed tracing to detect, diagnose and resolve issues before they impact your users. Baselime was founded in 2021 and is based in London, England.

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Buyer(S) 1

Buyer

CloudFlare

San Francisco, California, United States

website


Category Company
Founded 2009
Sector Internet Software and Services
Employees2,440
Revenue 975M USD (2022)
DESCRIPTION

CloudFlare offers services that ensure that customers' websites and services are fast, safe, and reliable. They do this through a massive global network that acts as a reverse proxy, filtering traffic from attackers while accelerating traffic for legitimate visitors. CloudFlare was founded in 2009 and is based in San Francisco, California.


DEAL STATS #
Overall 8 of 8
Sector (Internet Software and Services) 6 of 6
Type (Add-on Acquisition) 8 of 8
Country (United Kingdom) 1 of 1
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-23 Area 1 Security

San Mateo, California, United States

Area 1 Security is a cybersecurity company that protects the world’s email and cloud-based messaging from cyberattacks. The company's mission is to make INBOX.CLEAN a reality: stop phishing attacks the root cause of 95% of breaches before they reach users. Area 1 offers the only solution that preemptively stops Business Email Compromise, malware, ransomware, and other advanced threats by discovering and eliminating them before they cause damage. Its cloud-native platform, Area 1 Horizon, delivers the only preemptive, comprehensive, contextual, and continuous email security, and identifies malicious campaigns earlier 24 days before they launch protecting users across all phishing vectors across the attack cycle. Area 1 Security was formed in 2013 and is based in San Mateo, California.

Buy $162M