Telstra Ventures will exit the application delivery software provider, which has raised $103m in funding since it was founded eight years ago.

Application services provider F5 agreed yesterday to acquire US-based app development technology producer Nginx for approximately $670m in a deal that will allow telecommunications firm Telstra to exit. Nginx was founded in 2011 to market the open-source web server and application delivery software of the same name. The company offers a premium version helping enterprises…

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