Imperva Deals for Bot Detection Firm

Tuesday, June 4, 2019 @ 05:06 PM gHale

Cybersecurity firm Imperva Inc. inked a deal to purchase bot-detection company Distil Networks.

The deal terms were not disclosed. Distil was valued at $146.5 million in early 2018, according to data from venture analytics firm PitchBook.

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Distil is a “globally recognized leader” in mitigating automated attacks, said Imperva Chief Executive Chris Hylen. He added the deal gives Imperva comprehensive bot-management solutions.

Redwood Shores, California-based Imperva was also the subject of an acquisition, with the previously publicly traded company bought by private equity firm Thoma Bravo LLC for $2.1 billion in a deal that closed in January.

Distil Chief Executive Tiffany Olson Kleemann said earlier this year the firm was aiming for $20 million in revenue, up from $14 million last year — with a goal to achieve profitability in 2020. The company has about 100 employees, with 35 in Arlington, VA, and the rest scattered across its other offices.

Last year, Distil brought in $6.5 million in equity funding and $10 million in debt, totaling $78.75 million across its lifespan.



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