Applications networking company F5 today announced that it is acquiring multi-cloud management startup Volterra for $ 500 million. It breaks into $ 440 million in cash and $ 60 million in deferred and nonrecourse incentive compensation.
Volterra In 2019 Khosla emerged with strategic investors such as M12 (Microsoft’s venture arm) and Samsung Ventures with investments of $ 50 million from multiple sources including 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.
In a company blog post announcing the deal, Volterra founder and CEO Ankur Singla 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 comes on top of some major acquisitions in 2019, with figure security at $ 1 billion and NGINX at $ 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.