logo
Plus   Neg
Share
Email

Akamai Technologies Announces Acquisition Of ChameleonX - Quick Facts

Akamai Technologies, Inc. (AKAM) has agreed to acquire ChameleonX, headquartered in Tel Aviv, Israel. Akamai said the acquisition will further strengthen its security portfolio. ChameleonX has a unique solution to protect websites from Magecart and Credit Card Skimming.

"Injecting malicious code into the user's browser via third parties evades typical detection and mitigation technology. ChameleonX technology detects this type of attack in its early phases and stops it before significant damage is done to the individual or the business," said Maor Hod, CEO and co-founder, ChameleonX.

Akamai expects no material impact to the company's financial results for 2019 or 2020. The acquisition is anticipated to close in the fourth quarter of 2019.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Facebook has removed four separate networks of accounts, pages and groups for engaging in co-ordinated inauthentic behavior on Facebook and Instagram. These networks originated from Iran and Russia and primarily targeted the US, North Africa and Latin America. These networks often posted on both sides of political issues including topics like US elections, environmental issues, racial tensions. While reporting financial results for the third quarter on Tuesday, Lockheed Martin Corp. (LMT) raised its earnings and net sales guidance for the full-year 2019, and initiated net sales outlook for the full-year 2020. For fiscal 2019, the company now expects earnings of about $21.55 per share, up... Consumer goods giant Procter & Gamble on Tuesday reported a 12 percent increase in profit for the first quarter of fiscal 2020 from last year, driven by an increase in net sales and operating margin. Both revenue and core earnings per share for the quarter beat analysts' estimates. Looking ahead, the company raised its earnings and revenue growth guidance for the full-year 2020.
RELATED NEWS
Follow RTT
>