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September 22, 2021

F5 Acquisition

Seattle-based F5 has reached a definitive agreement to acquire held Threat Stack, a provider of cloud security and workload protection. F5 will acquire all issued and outstanding shares of Threat Stack, a private company headquartered in Boston, for $68 million in purchase consideration, to be financed with balance sheet cash. The transaction is expected to be immaterial to F5's financial results, adding approximately $15 million in revenue for fiscal year 2022 with no change to F5's previously stated operating margin targets for fiscal year 2022. The acquisition is subject to customary closing conditions and is expected to close in F5's first quarter fiscal year 2022, ending Dec. 31, 2021. Foros acted as financial advisor to F5 on this transaction. Skadden, Arps, Slate, Meagher & Flom acted as legal advisor to F5. Boston Meridian Partners acted as strategic advisor and Choate, Hall & Stewart provided legal counsel to Threat Stack.




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