F5 Networks has announced that it will take over its competitor Nginx, the company behind the popular open source web server software, for $ 670 million. Nginx CEO Gus Robertson and co-founders Igor Syoev and Maxim Konovalov will join F5 after completing the acquisition.
F5 and Nginix became competitors as the company began offering its premium paid service Nginx Plus, which helps developers develop advanced applications for AWS, Microsoft Azure and other top cloud computing services. By contrast, F5 helps companies ensure that their applications and software are both secure and working well by detecting and solving bottlenecks.
F5’s CEO and President François Locoh-Donou explained his vision for the merger of the two companies in a press release announcing the acquisition.
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“By bringing together F5’s world-class application security and rich application service portfolio to improve performance, availability and management with NGINX’s leading software application and API management solutions, unparalleled credibility and brand awareness in the DevOps community, and a massive open source User base, we bridge the gap between NetOps and DevOps with consistent application services in a company’s multi-cloud environment. “
The Nginx brand will continue to exist after the acquisition and plans to integrate with F5’s other security and application monitoring tools.