DEVOPSdigest

Akamai Technologies has entered into a definitive agreement to acquire Neosec, an API detection and response platform based on data and behavioral analytics.

Neosec’s API security solution will complement Akamai’s application and API security portfolio by extending Akamai’s visibility into the rapidly growing API threat landscape. The combination is designed to make it easy for customers to secure their API’s by helping them discover all of their APIs, assess their risk, and respond to vulnerabilities and attacks.

“With rapidly accelerating digital transformation, APIs are the new frontier for digital business and the enablement of critical business functions,” said Mani Sundaram, EVP and GM, Security Technology Group, Akamai Technologies. "Enterprises expose full business logic and process data via APIs, which, in a cloud-based economy, are vulnerable to cyberattacks. Neosec’s platform and Akamai’s application security portfolio will allow customers to gain visibility into all APIs, analyze their behavior and protect against API attacks."

“What sets Neosec apart from other API security providers is the complete visibility into all API activity and the use of behavioral analytics that detect threats others miss,” said Giora Engel, co-founder and CEO, Neosec. “Unlike other solutions, Neosec delivers rich, XDR-like API visibility combined with detection and response capabilities that enable full investigation and threat hunting. Ultimately, Akamai customers will have a better view into all of their API activity, to identify vulnerabilities and threats before they are exposed, and detect attacks in runtime.”

Neosec, headquartered in Palo Alto, California and Tel Aviv, Israel, is a privately funded company. Neosec's employees, including co-founder and chief executive officer, Giora Engel, and co-founder and CEO, Ziv Sivan, are expected to join Akamai’s Security Technology business.

The acquisition is expected to close in the second quarter of 2023.