Itochu Technology Ventures, M12 and Samsung Next are set to exit the cloud services technology developer in a purchase by F5 Networks.
Cybersecurity technology producer F5 Networks has agreed to acquire US-based cloud services platform developer Volterra in a $500m deal allowing conglomerate Itochu, software provider Microsoft and electronics manufacturer Samsung to exit. The transaction will consist of approximately $440m in cash and $60m in deferred consideration and assumed unvested incentive compensation for Volterra’s employees. Volterra has…
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