Akamai to acquire API security company Noname Security for $450M

Akamai Technologies announces that it has entered into a definitive agreement to acquire application programming interface security company, Noname Security. Noname, one of the top API security vendors in the market, will enhance Akamai’s existing API Security solution and accelerate its ability to meet growing customer demand and market requirements as the use of APIs continues to expand. Akamai also expects to gain greater scale with Noname’s additional sales and marketing resources, and established channel and alliance relationships. Under terms of the agreement, Akamai has agreed to acquire all of the outstanding equity of Noname for approximately $450M, after customary purchase price adjustments. The closing of the transaction, which is subject to customary closing conditions, is expected to occur in the second quarter of 2024.