F5 snags Volterra multi-cloud management startup for $500M – TechCrunch

Applications Networking Company F5 Announced today that it is acquiring Volterra, A multi-cloud management startup for $ 500 million. It breaks into $ 440 million in cash and $ 60 million in deferred and nonrecourse incentive compensation.

Volterra Emerge in 2019 $ 50 million investment M12 (Microsoft’s venture arm) and Samsung Ventures, along with strategic investors, from multiple sources, including Khosla Ventures and Mayfield. As the company told me at the time of funding:

Voltra has invented a consistent, cloud-native environment that can be distributed across multiple public clouds and edge sites – a distributed cloud platform. Within this SaaS-based offering, Volterra integrates a wide range of services that have normally been silenced across multiple point products and networks or cloud providers.

The solution is designed to provide a single way to visualize security, operations and management components.

F5 President and CEO François Loco-Dono sees Vaultra’s edge solutions integrated into its product line. “With Volterre, we advance our adaptive application vision with an edge 2.0 platform that faces complex multi-cloud reality enterprise customers. Our platform will create a SaaS solution that solves the biggest pain points of our customers, ”he said in a statement.

Ankur Singla, founder and CEO of Volterra Writing in a company blog post Announcing the deal, he says the need for this solution only intensified during 2020 when companies were increasingly moving to the cloud due to the epidemic. “When we introduced Volterra, Multi-Cloud and Edge were still bulged and venture funding was still exploring tangible use cases. Fast forward three years and COVID-19 has dramatically changed the landscape – it has accelerated the digitization of physical experiences and shifted our day-to-day activities online. This is causing massive spikes in global Internet traffic while creating new attack vectors, affecting the security and availability of our growing set of daily apps.

He sees Volterra’s capabilities well with the F5 family of products to help solve these issues. While the F5 had a quiet 2020 on the M&A front, today’s purchase tops out on one of the few major acquisitions in 2019, including Shape Security for $ 1 Billion And NGINX for $ 670 million.

The deal has been approved by the board of both companies, and is expected to close before the end of March, subject to regulatory approval.