Akamai buys Israel’s Guardicore

US-based Akamai Technologies has acquired Israeli cybersecurity company Guardicore for about $600 million.

The Guardicore acquisition is likely to generate revenue of $30-35 million for Akamai in 2022, the US company said.

Guardicore was founded eight years ago by chief executive officer Pavel Gurvich, Ariel Zeitlin and Dror Sal’ee. It has raised $110 million since inception. The buy price is effectively more than five times the money the company raised.

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