M&A Deal Summary

CloudFlare Acquires BastionZero

On May 30, 2024, CloudFlare acquired internet software and services company BastionZero

Acquisition Highlights
  • This is CloudFlare’s 7th transaction in the Internet Software and Services sector.
  • This is CloudFlare’s 7th transaction in the United States.
  • This is CloudFlare’s 3rd transaction in Massachusetts.

M&A Deal Summary
Date 2024-05-30
Target BastionZero
Sector Internet Software and Services
Buyer(s) CloudFlare
Deal Type Add-on Acquisition
Advisor(s) Oppenheimer & Co. (Financial)

Target

BastionZero

Boston, Massachusetts, United States
BastionZero is a Zero Trust infrastructure access platform. The Company offers leveraging cryptography to reimagine the tools used to manage remote access to kubernetes, server, application, and database infrastructure across cloud and on-prem environments. BastionZero was formed in and is headquartered in Boston, Massachusetts.

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Buyer(S) 1

Buyer

CloudFlare

San Francisco, California, United States
Category Company
Founded 2009
Sector Internet Software and Services
Employees3,704
Revenue 1.3B USD (2023)
DESCRIPTION

CloudFlare operates as a cloud services provider that delivers a range of services to businesses worldwide. CloudFlare was founded in 2009 and is based in San Francisco, California.

DEAL STATS #
Overall 9 of 10
Sector (Internet Software and Services) 7 of 8
Type (Add-on Acquisition) 9 of 10
State (Massachusetts) 3 of 3
Country (United States) 7 of 8
Year (2024) 2 of 3
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-08 Kivera

New York, New York, United States

Kivera is a cloud security, data protection, and compliance platform. Kivera was formed in 2020 and is headquartered in New York City.

Buy -
Mergr

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