M&A Deal Summary

CloudFlare Acquires Area 1 Security

On February 23, 2022, CloudFlare acquired information technology company Area 1 Security for 162M USD

Acquisition Highlights
  • This is CloudFlare’s 2nd transaction in the Information Technology sector.
  • This is CloudFlare’s largest (disclosed) transaction.
  • This is CloudFlare’s 6th transaction in the United States.
  • This is CloudFlare’s 4th transaction in California.

M&A Deal Summary
Date 2022-02-23
Target Area 1 Security
Sector Information Technology
Buyer(s) CloudFlare
Deal Type Add-on Acquisition
Deal Value 162M USD

Target

Area 1 Security

San Mateo, California, United States
website
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.

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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 7 of 8
Sector (Information Technology) 2 of 2
Type (Add-on Acquisition) 7 of 8
State (California) 4 of 4
Country (United States) 6 of 6
Year (2022) 2 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-10 Vectrix

Amsterdam, Netherlands

Vectrix provides businesses one-click visibility and control across all of their SaaS applications. Vectrix is based in Amsterdam, Netherlands.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-05 Baselime

London, United Kingdom

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.

Buy -
Mergr

Product

Company

Legal