Akamai to Acquire Noname Security for $450M, Closing Q2 2024

May 7, 2024, 11:46 AM

Akamai Technologies has confirmed its acquisition of Noname Security for approximately $450 million, aiming to enhance its API security capabilities. Noname Security, which finds and fixes API vulnerabilities, was valued at $1 billion in December 2021. The deal, expected to close in Q2 2024, allows Akamai to extend protection across all API traffic locations, addressing the growing demand for API security.