AllegisCyber portfolio company Shape Security is being acquired by F5 Networks for $1B+. As an early investor in the Shape vision and it's exceptionally strong leadership team, its particularly satisfying to see the efforts of our amazing 375-person team recognized with this significant exit. Congratulations to Shape Security founders Derek Smith, Shuman Ghosemajumder and Sumit Agarwal. It's been a honor to share the journey with you.
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F5 Networks Acquires Shape Security for $1B+
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“Since Shape’s inception, we observed a consistent pattern in customer after customer: the use of F5 technology to deliver and enable their applications,” Derek Smith, co-founder and CEO of Shape, said in a statement. “Now, we look forward to the opportunity to deeply integrate into F5’s platform for application delivery and security — F5 provides the optimum traffic flow insertion point for Shape’s industry-leading online fraud and abuse prevention solutions.”
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