Distil Networks, an Arlington, Va.-based developer of bot management tools, is set to be acquired by Imperva, a Redwood Shores, Calif.-based cybersecurity firm. Imperva reported that the companies have already inked a deal, but the finacial terms were not disclosed.
https://twitter.com/DISTIL/status/1136305678765764609
Founded in 2011, woman-led Distil creates tools to fight against bot attacks. The company also has a second headquarters in San Francisco and other offices in Raleigh, N.C., London, Detroit, Mich., and Stockholm. The company has raised nearly $60 million to date, according to Crunchbase. The company published an annual Bad Bod Report that shows an in-depth breakdown of bad bots by the industry with specific challenged; Distil Networks recently published the six annual version.
VentureBeat reported that this is only the fifth known acquisition that Imperva has made since its inception in 2002. This acquisition will add Distil’s bot management tools to Imperva’s portfolio as the cybersecurity firm works to create the most comprehensive security platform on the market.
“Distil Networks is a globally recognized leader in automated attack mitigation, and this deal perfectly aligns with our vision of delivering best-in-class cybersecurity solutions that protect businesses throughout their cloud journey,” Chris Hylen, CEO of Imperva, said in the press release. “Distil Networks gives us a comprehensive Bot Management solution that identifies, responds to and manages a full range of automated attacks no matter where these applications or APIs are deployed.”
Last month the Washington Business Journal reported that Distil has reached 100 employees, with 35 working out of its Arlington office. At the time, CEO Tiffany Kleemann told WBJ that the company wasn’t seeking more funding, but was looking for a larger tech partner to include Distil’s offerings within its own set of products. It looks like that goal has been reached with this acquisition from Imperva.
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