StackPath acquires Israeli co Fireblade for $20m

cyber security

Tel Aviv based Fireblade provides website security in the cloud through an innovative behavioral approach.

US startup StackPath has acquired Israeli website security company Fireblade. No financial details about the deal were disclosed but sources estimate that the acquisition was for about $20 million.

Fireblade is an SaaS company that provides website security in the cloud through an innovative behavioral approach to website security, shifting from traditional, costly and obsolete web application firewalls to a modern dynamic approach that relies on users’ behaviors and reputations, rather than signatures. The company was founded in 2008 as SiteBlackBox in Tel Aviv's TheTime incubator by CEO Shay Rapaport and CTO Erez Arazia befoere changing its name to Fireblade in 2011.

Very little is known about StackPath, a Dallas, Texas based SaaS web security company, which came out of stealth yesterday with a reported investment of $180 million. On launching yesterday, the company announced four acquisitions including Fireblade.

Published by Globes [online], Israel business news - www.globes-online.com - on July 26, 2016

© Copyright of Globes Publisher Itonut (1983) Ltd. 2016

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