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F5 Networks Acquires NGINX for $670M

Accepted submission by canopic jug at 2019-03-12 07:09:45 from the it was good while it lasted dept.
Business

Nginx, the web server competing with Apache2, has been purchased for $670 million [techcrunch.com] by a competitor, F5 Networks. F5 Networks [wikipedia.org] is an application services and application delivery networking company. A little less than a year ago, Nginx raised $43 million to fund expansion. Netcraft's February 2019 web server survey shows Nginx hovering at around 20% of all active sites and around a quarter of the busiest sites [netcraft.com].

F5 said that it will be merging its own operations with those of NGINX, with current NGINX CEO Gus Robertson and founders Igor Syosev and Maxim Konovalov all joining the company.


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