Itochu Technology Ventures, M12 and Samsung Next are set to exit the cloud services technology developer in a purchase by F5 Networks.
Cybersecurity technology producer F5 Networks has agreed to acquire US-based cloud services platform developer Volterra in a $500m deal allowing conglomerate Itochu, software provider Microsoft and electronics manufacturer Samsung to exit.
The transaction will consist of approximately $440m in cash and $60m in deferred consideration and assumed unvested incentive compensation for Volterra’s employees.
Volterra has built a distributed cloud services platform that allows businesses to connect, secure and operate applications across multiple clouds and in edge computing. It will help…
