Cloudflare Acquires Area 1 Security to Expand Its Zero Trust Email Security Platform
February 23, 2022
Cloudflare agreed to acquire Area 1 Security to integrate Area 1’s cloud-native email security and phishing protection into Cloudflare’s Zero Trust platform. The deal is valued at approximately $162 million, with 40–50% paid in Cloudflare Class A common stock and the remainder in cash, and was expected to close in early Q2 2022. Cloudflare later announced it completed the acquisition.
- Buyers
- Cloudflare, Inc.
- Targets
- Area 1 Security
- Industry
- Cybersecurity
- Location
- United States
- Transaction Type
- Buyout
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