Akamai to acquire cloud security firm Guardicore for about $600 mln

Akamai Technologies Inc will acquire Israel-based Guardicore for about $600 million, it said on Wednesday, to beef up its cloud security offerings and help businesses combat ransomware attacks.

The acquisition comes at a time when more businesses are turning to the cloud to run their operations and face frequent cyberattacks.

Guardicore specializes in software that helps to limit user access to only those applications that are authorized to communicate with each other.