F5 Acquired NGINX For $670M

Long-time Slashdot reader skdffff quotes ZDnet:
F5 Networks on Monday announced that it will acquire NGINX, which provides popular open-source software of the same name, for $670 million. The deal advances F5's aim of capitalizing on the trend toward multi-cloud deployments.

F5 plans to enhance NGINX's current offerings with F5 security solutions and will integrate F5 cloud-native technology with NGINX's software load balancing technology. This should accelerate F5's time to market of application services for containerized applications. Meanwhile, NGINX will benefit from F5's global salesforce, channel infrastructure and partner ecosystem.

The acquisition adds 'the power of NGINX's open source innovation to F5's ADC leadership and enterprise reach,' NGINX CEO Gus Robertson said in a statement

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