Content delivery network MaxCDN of Studio City has been acquired by web security startup StackPath, the company announced Sunday.
This is one of four acquisitions StackPath has made with the aim of launching a security-as-a-service platform and rounding out its customer base, according to tech media outlet TechCrunch Inc. of Palo Alto.
MaxCDN’s technology makes websites run faster by hosting servers closer to site visitors’ physical locations. Dallas-based StackPath, which provides security software and IT services, will utilize this platform to improve its product offerings while obtaining MaxCDN’s clientele, totaling about 16,000.
“When the StackPath team came to our office in Los Angeles, we realized there was a ton of overlap and chemistry between our teams,” Chris Ueland, founder of MaxCDN, wrote in the company’s blog. “Joining StackPath is a perfect fit for my initial goal and obvious to me that it’s the next step in MaxCDN’s evolution.”
Financial terms of the deal were not disclosed. However, MaxCDN said there will be no price changes for its services at this time, but the company will be adding more features and locations as a result of the acquisition.