Shape Security

The Shape Security company founded in 2011 offers the software which protects the trading companies and accounts of users from swindlers. The platform allows to identify the personality without visual data and to cut the bots imitating real clients. Airlines, banks, government agencies and retailers use technology.

History

2019: F5 Networks purchased Shape Security for $1 billion

On December 19, 2019 F5 Networks announced acquisition of Shape Security for $1 billion. The cost of the transaction was rather big, considering that during all the time the sold startup attracted in total $183 million investments, and in 2018 its revenue made $70 million.

It is going execute all formalities concerning Shape Security sale in the first quarter 2020. After that the cofounder and CEO Derek Smith and 375 employees of the company will pass to F5.

F5 Networks announced acquisition of Shape Security for $1 billion

Possibilities of machine learning and artificial intelligence of which Shape can brag will allow to scale and expand a broad spectrum of services of F5 applications and also to increase our opportunities regarding optimization and protection of applications of clients in the multicloud world which becomes more difficult — the CEO of F5 said to Francois Loco-Don.

According to him, merger of Shape Security will also help F5 to accelerate transformation from equipment manufacturer for local data centers in postavshchikuaresheny for the clients using infrastructure of public clouds.

Due to Shape Security purchase F5 company hopes to increase growth rates of the software business from 35–40% by December, 2019 to 60–70%.

Shape Security is not the first the company which was founded and then sales by Derek Smith. Earlier the same most happened to Assentive Solutions startups (Oracle is purchased) and Cambric Corporation (Tata Technologies is purchased).^[1]

Notes