Fastly Agrees to Acquire Signal Sciences for $775 Million

San Francisco – August 27, 2020 – Cooley advised edge cloud platform provider Fastly on its agreement to acquire Signal Sciences, one of the fastest growing web application security companies in the world, for approximately $775 million in cash and stock. The acquisition, which is expected to close this year, will expand Fastly’s robust security portfolio at a time when security at the edge has never been more critical. Partners Ben Beerle, Jamie Leigh and Seth Gottlieb led the Cooley team advising Fastly.

The deal supports Fastly’s mission to provide simplified, secure and frictionless solutions at scale and to transform the security landscape by offering an alternative to the existing array of opaque, fragmented and inflexible solutions needed to protect web applications and APIs. Signal Sciences’ technology combined with Fastly’s current solutions will form Fastly’s upcoming new security offering, Secure@Edge. The modern, unified web application and API protection solution will power and protect companies looking to further or begin their digital transformation. The solution will deliver increased agility, visibility and protection as more code and applications move to the edge.

“As the digital transformation movement continues to accelerate, DevOps teams are struggling with inadequate and inflexible security tools,” Joshua Bixby, CEO of Fastly, said in a news release. “Together with Signal Sciences, we will give developers modern security tools designed for the way they work. This new solution will integrate with our Compute@Edge platform, accelerating the adoption of edge computing, while simultaneously solving for modern security challenges. We look forward to working with the talented team at Signal Sciences as we continue to innovate and deliver revolutionary security and edge-computing solutions together.”

Fastly’s edge cloud platform enables customers to create great digital experiences quickly, securely and reliably by processing, serving and securing its customers’ applications as close to their end-users as possible – at the edge of the internet. The platform is designed to take advantage of the modern internet, to be programmable and to support agile software development. Fastly’s customers include many of the world’s most prominent companies, including Vimeo, Pinterest, The New York Times and GitHub.

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Related Contacts
Ben Beerle Partner, San Francisco
Jamie Leigh Partner, San Francisco
Seth Gottlieb Partner, Palo Alto
Jon Avina Partner, Palo Alto
Caitlin Cunningham Associate, Colorado
Natalie D. Vernon Associate, San Francisco
Alessandra Murata Partner, Palo Alto
Megan Browdie Partner, Washington, DC
Adam Connolly Partner, San Francisco
Gregory Tenhoff Partner, Palo Alto
Stephanie Gentile Partner, New York
TJ Graham Partner, Palo Alto
Isabelle Mackesey Associate, Palo Alto
Ajay Athavale Associate, San Francisco
Dean Won Associate, Washington, DC
Helen Luu Associate, Palo Alto
Caitlin Courtney Associate, Palo Alto
Kevin Rivers Associate, Palo Alto
Benjamin D. Clark Associate, Washington, DC
Amanda Pacheco Associate, Palo Alto
Danielle Crinnion Associate, Boston
Bihter Ozedirne Associate, Palo Alto
Patrick O. Johnson Associate, Boston
Michael Coburn Associate, New York
Joseph W. Guzzetta Associate, San Francisco
Maria Jose Cordero Associate, Palo Alto
Christian Lee Associate, San Francisco
Mor Agam Associate, New York
Kate Nichols Associate, Palo Alto
Rose McKinley Associate, Palo Alto
Tess Morgan Associate, Palo Alto
Karen Tsai Special Counsel, Washington, DC
Rubin Waranch Associate, Washington, DC
Sarah Oliai Associate, Washington, DC
Cristina DeBiase Associate, Washington, DC