Akamai Technologies announced on Wednesday that it has agreed to acquire Nominum, a privately-held provider of DNS security solutions for carriers and enterprises.
Terms of the deal were not disclosed, but the all-cash transaction is scheduled to close in Q4 2017, Akamai said.
“By combining Nominum’s carrier-grade cybersecurity solutions with Akamai’s enterprise security offerings and threat intelligence, Akamai intends to serve a larger base of carrier and enterprise customers with more comprehensive security products,” Akamai explained. “These products will be designed to more effectively identify, block, and mitigate cybersecurity threats such as malware, ransomware, phishing, and data exfiltration.”
In early 2017, Akamai lauched a new offering designed to protect enterprises against malware, phishing and data exfiltration attempts through the analysis of DNS requests.
According to a recent report, many companies are not prepared to deal with DNS attacks, and a quarter of the ones that have already been hit reported significant losses. The study from Dimensional Research and Infoblox, based on a survey of over 1,000 IT and security professionals worldwide, revealed that 3 out of 10 companies have already experienced DNS attacks and in most cases it resulted in downtime.
Redwood City, Calif.-based Nominum says more than 100 service providers use its DNS technology in over 40 countries and, which processes 1.6 trillion queries daily.