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The strategic buyout of Noname Security addresses the current security challenges and positions Akamai (AKAM) as a pacesetter in the API security industry.
Akamai Technologies, Inc. (NASDAQ: AKAM), the cloud company that powers and protects life online, announces the company has completed its acquisition of application programming interface (API) security company, Noname Security. On May 7, Akamai announced an agreement between the two parties for Akamai to acquire the company in exchange for approximately $450 million.