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Shape Security acquired by F5

F5 is almost doubling its addressable market in security to $8 billion with the acquisition of Shape Security, a leader in fraud and abuse prevention. By bringing together F5’s expertise in protecting applications across multi-cloud environments and Shape’s protection against automated attacks, botnets and targeted fraud, the acquisition gives organisations comprehensive, end-to-end application security.

Shape’s advanced platform utilises artificial intelligence and machine learning, supported by powerful cloudbased analytics, to protect banks, airlines, retailers and government agencies against attacks that bypass other security and fraud controls, including credential stuffing attacks, where cybercriminals use stolen passwords from third party data breaches to take over other online accounts.

Derek Smith, co-founder and CEO of Shape, said: “Since Shape’s inception, we have observed a consistent pattern in customer after customer: the use of F5 technology to deliver and enable their applications. 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. This, combined with F5’s global go-to-market scale, means we can jointly protect significantly more customers’ applications and users from sophisticated attacks and malicious traffic.”

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