M&A Deal Summary

F5 Acquires Shape Security

On December 19, 2019, F5 acquired information technology company Shape Security from C5 Capital for 1.0B USD

Acquisition Highlights
  • This is F5’s 3rd transaction in the Information Technology sector.
  • This is F5’s largest (disclosed) transaction.
  • This is F5’s 8th transaction in the United States.
  • This is F5’s 5th transaction in California.

M&A Deal Summary
Date 2019-12-19
Target Shape Security
Sector Information Technology
Buyer(s) F5
Sellers(s) C5 Capital
Deal Type Add-on Acquisition
Deal Value 1.0B USD
Advisor(s) Qatalyst Partners (Financial)
Sidley (Legal)

Target

Shape Security

Santa Clara, California, United States
Shape Security defends the world’s largest enterprises from all types of fraud against their online applications, including more than half of all online banking in North America. Shape’s fraud prevention platform detects and blocks up to 2 billion fraudulent or unwanted transactions daily while keeping 200 million legitimate human logins and other interactions safe. Shape provides omnichannel protection for web applications, mobile applications, and API interfaces; the company’s mobile SDK is deployed on more than 200 million iOS and Android devices worldwide.

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Buyer(S) 1

Buyer

F5

Seattle, Washington, United States
Category Company
Founded 1996
Sector Information Technology
Employees6,696
Revenue 2.8B USD (2023)
DESCRIPTION
F5 Networks' corporate headquarters in Seattle, Washington.
F5 Networks' corporate headquarters in Seattle, Washington.

F5 is a provider of Application Delivery Networking (ADN) technology that optimizes the delivery of network-based applications and the security, performance, and availability of servers, data storage devices, and other network resources. The company's products collectively function as a dynamic control plane that simplifies the management of data center operations and the delivery of services across diverse data center resources. F5 was founded in 1996 and is based in Seattle, Washington.

DEAL STATS #
Overall 10 of 12
Sector (Information Technology) 3 of 3
Type (Add-on Acquisition) 10 of 12
State (California) 5 of 6
Country (United States) 8 of 10
Year (2019) 2 of 2
Size (of disclosed) 1 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-11 NGINX

San Francisco, California, United States

NGINX, Inc. is the company behind the popular open source project trusted by more than 375 million sites. NGINX offers a suite of technologies for developing and delivering modern applications. The NGINX Application Platform enables enterprises undergoing digital transformation to modernize legacy, monolithic applications as well as deliver new, microservices-based applications.

Buy $670M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-07 Volterra

Santa Clara, California, United States

Volterra, Inc. offers a platform for edge computing across multiple clouds, in which processing takes place near the locations of sensors and data for reduced latency.

Buy $500M

Seller(S) 1

SELLER

C5 Capital

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 2014
Size Small
Type Sector Focused
DESCRIPTION

C5 is a family capital-backed technology investment firm focused on investing in cyber security, data analytics, cloud computing, and assistive technologies. C5 Cyber looks for growth opportunities throughout Europe, the Middle East and Africa. C5 Capital was formed in 2014 and is headquartered in London.

DEAL STATS #
Overall 3 of 5
Sector (Information Technology) 3 of 5
Type (Add-on Acquisition) 2 of 3
State (California) 1 of 1
Country (United States) 1 of 3
Year (2019) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-09 Satelles

Reston, Virginia, United States

Satelles provides secure time and location signals from low Earth orbit (LEO) independent of the Global Positioning System (GPS) and other Global Navigation Satellite Systems (GNSS). Satelles is based in Reston, Virginia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-18 Enveil

Fulton, Maryland, United States

Enveil is a Privacy Enhancing Technology company protecting Data in Use. Enveil’s business-enabling and privacy-preserving capabilities change the paradigm of how and where organizations can leverage data to unlock value. Enveil was founded in 2016 and is based in Fulton, Maryland.

Buy -
Mergr

Product

Company

Legal