StackPath, a rapidly growing provider of secured cloud services founded by SoftLayer founder, Lance Crosby, has acquired Highwinds – a Content Delivery Network (CDN) provider. Highwinds’ services and platform will be integrated with existing StackPath offerings and operations to create a single global platform – with the industry’s best security features and performance, says StackPath.
The integration puts StackPath at more than 300 employees with more than 20,000 CDN customers and one of the world’s largest global network backbones.
“We founded StackPath to make the internet safe. Merging Highwinds with StackPath not only serves that mission, it accelerates our progress towards it,” said Lance Crosby, founder, chairman and CEO of StackPath. “Our two companies had the same view that CDN security and innovation hasn’t evolved as quickly as it needs to. Developers leverage CDNs for practically everything they’re building in the cloud these days — and for far more than simple content delivery. But CDNs still tend to be add-on services, not built-in. Merging Highwinds and StackPath technologies and teams gives us the scale, scope, and experience to more quickly bring the market an integrated, next-generation platform with unprecedented security advantages.”
StackPath is backed by ABRY Partners. Financial terms of the transaction were not disclosed. Moving forward, the Highwinds team in Winter Park, FL, will serve as the core of StackPath CDN engineering, building on that teams’ more than ten years of experience serving clients ranging from startups to Fortune 100.
“I’m as excited about the future of Highwinds as part of StackPath as I am proud of what we built,” said Steve Miller, CEO and founder of Highwinds. “Each company’s strengths complements the other’s. StackPath has focused on WAF, DDoS mitigation, full website delivery, and frictionless customer experience. Highwinds has strong success in large-scale throughput, enterprise applications, and high-touch engagements. Bringing all of this together creates an even more complete, more compelling offering.”
The transaction would further what has been considerable growth for StackPath in a short amount of time. “We came out of stealth less than a year ago,” added Lance Crosby. “At the current multiple for security companies, we’re already a multi-billion-dollar operation.”