The financial terms of the deal have not been made public

Sep 18, 2013 17:16 GMT  ·  By

In an effort to enhance its anti-fraud, anti-phishing and anti-malware portfolio, F5 Networks has decided to acquire Israel-based Versafe.

Versafe provides enterprise solutions capable of identifying and mitigating malware-born fraud and other online threats. These services are seen as a “natural extension” to F5’s existing solutions.

“The acquisition supports F5’s vision and commitment to provide our customers with secure access to data and applications from any location; from any device,” said Karl Triebes, EVP of product development and CTO at F5.

“Web applications are under increasing attack, which can lead to the theft of intellectual property, money, sensitive data and identity. Versafe provides comprehensive, real-time detection and protection for every user, every device and every browser,” Triebes added.

Eyal Gruner, co-founder of Versafe, noted, “Together, F5 and Versafe plan to provide this support and deliver immediate protection against fraud, phishing, pharming, man-in-the-middle and malware threats. We look forward to joining the F5 team and bringing new security solutions to our customers.”

The financial terms of the acquisition haven’t been disclosed, but F5’s doesn’t expect a material impact on operating results.