F5 Networks, Inc. completed the acquisition of Threat Stack, Inc. for $79.5 million.
October 30, 2021
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F5 Networks, Inc. (NasdaqGS:FFIV) signed a definitive agreement to acquire Threat Stack, Inc. for $68 million on September 20, 2021. The purchase consideration will be financed with balance sheet cash. Upon completion, Threat Stack will operate as a wholly-owned subsidiary of F5. The transaction is expected to be immaterial to F5's financial results, adding approximately $15 million in revenue for fiscal year 2022 with no change to F5's previously stated operating margin targets for fiscal year 2022. The acquisition is subject to customary closing conditions and is expected to close in F5's first quarter fiscal year 2022, ending December 31, 2021. Foros acted as financial advisor and Mike Ringler, Peter Jones, Ken Kumayama, K. Kristine Dunn, Leila Sayegh, Karen Corman, Maria Raptis and Page Griffin of Skadden, Arps, Slate, Meagher & Flom LLP acted as legal advisor to F5 Networks, Inc. Boston Meridian Partners acted as strategic advisor and Choate, Hall & Stewart LLP provided legal counsel to Threat Stack.
F5 Networks, Inc. (NasdaqGS:FFIV) completed the acquisition of Threat Stack, Inc. for $79.5 million on October 1, 2021. Threat Stack, Inc. had $0.912 million of cash. F5 also assumed $10.6 million of total liabilities.
F5, Inc. specializes in developing and selling network equipment. Net sales break down by activity as follows:
- supply of services (51.2%): consulting, training, maintenance, and technical support services;
- sales of products (48.8%): load distribution systems providing load management, performance optimization, and security for computer systems, Internet traffic management systems, data storage systems, etc.
Net sales are distributed geographically as follows: the United States (52.9%), Americas (3.4%), Europe/Middle East/Africa (26.4%), and Asia/Pacific (17.3%).
F5, INC. 
