Staminus has announced their acquisition by new cybersecurity startup Stackpath. Stackpath, co-founded by Lance Crosby of SoftLayer and CenturyLink Cloud fame, has recently acquired other cybnersecurity and performance companies such as MaxCDN, Fireblade, and Cloak.
The following is Staminus CEO Matt Mahvi's statement on Facebook -
Friends,
Today is very important for Staminus. We announce the acquisition of Staminus, by StackPath. Though legally accurate, the details paint a much richer picture!
Staminus will soon cease to exist as an independent brand, but instead will be part of a bigger and more elaborate story. We had the option to operate independently, but we believe integration would be best for our team and customers. Our vision from the start has been to protect the world, and with StackPath's help, we can get closer to that future.
Staminus = Security = StackPath
We understood that to grow, we needed significantly more resources. While we were looking at a round of funding, I sat down with Lance Crosby (CEO @ StackPath). He painted a compelling future that was very much aligned with our mission. I was impressed with his leadership at SoftLayer, and equally with his bold vision in cyber security. He wanted to focus on purpose and scale. We soon realized that we're on the same path.
We shared a mutual purpose to protect the world. Staminus had already grown to secure nearly 1% of the entire Internet with its arsenal of intellectual property and proprietary technology. On our first meeting, Lance talked about scaling us to protect 30%, 70%, or even 100% of the Internet. At that moment, I knew we were a great match.
He then gave us scale - a lot of scale! This is just the beginning.
I want to extend a warm thanks to everyone who has impacted us in some way. I have been fortunate and privileged to work alongside some of the smartest people I've met. This includes team members in Staminus, directors, advisors, customers, counsel, vendors, and above all friends.
About Staminus:
I founded Staminus with an incredible team, focusing on bleeding-edge cyber security technology called DDoS mitigation. We took the company from inception into a full pivot. eventually protecting about 1% of the entire Internet, securing some of the most recognized brands in the world. Staminus filed and won three USPTO patents and built a significant book of intellectual property that powered its core technology platform called SecurePort.
The terms of the deal are undisclosed. Information can be found at the below links.
https://twitter.com/StaminusComm/status/757575243225526272
More information on Stackpath -
http://www.forbes.com/sites/alexkonrad/2016/07/25/softlayer-founder-unveils-security-startup-stackpath/#2a9c41a0650d
http://fortune.com/2016/07/25/stackpath-ceo-on-his-startup/
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I personally believe it's going to be a good thing for Staminus customers. I'm sure, as with previous SoftLayer acquisitions, all the brands will be consolidated at some point, but pricing will be grandfathered for existing customers.
The following is Staminus CEO Matt Mahvi's statement on Facebook -
Friends,
Today is very important for Staminus. We announce the acquisition of Staminus, by StackPath. Though legally accurate, the details paint a much richer picture!
Staminus will soon cease to exist as an independent brand, but instead will be part of a bigger and more elaborate story. We had the option to operate independently, but we believe integration would be best for our team and customers. Our vision from the start has been to protect the world, and with StackPath's help, we can get closer to that future.
Staminus = Security = StackPath
We understood that to grow, we needed significantly more resources. While we were looking at a round of funding, I sat down with Lance Crosby (CEO @ StackPath). He painted a compelling future that was very much aligned with our mission. I was impressed with his leadership at SoftLayer, and equally with his bold vision in cyber security. He wanted to focus on purpose and scale. We soon realized that we're on the same path.
We shared a mutual purpose to protect the world. Staminus had already grown to secure nearly 1% of the entire Internet with its arsenal of intellectual property and proprietary technology. On our first meeting, Lance talked about scaling us to protect 30%, 70%, or even 100% of the Internet. At that moment, I knew we were a great match.
He then gave us scale - a lot of scale! This is just the beginning.
I want to extend a warm thanks to everyone who has impacted us in some way. I have been fortunate and privileged to work alongside some of the smartest people I've met. This includes team members in Staminus, directors, advisors, customers, counsel, vendors, and above all friends.
About Staminus:
I founded Staminus with an incredible team, focusing on bleeding-edge cyber security technology called DDoS mitigation. We took the company from inception into a full pivot. eventually protecting about 1% of the entire Internet, securing some of the most recognized brands in the world. Staminus filed and won three USPTO patents and built a significant book of intellectual property that powered its core technology platform called SecurePort.
The terms of the deal are undisclosed. Information can be found at the below links.
https://twitter.com/StaminusComm/status/757575243225526272
More information on Stackpath -
http://www.forbes.com/sites/alexkonrad/2016/07/25/softlayer-founder-unveils-security-startup-stackpath/#2a9c41a0650d
http://fortune.com/2016/07/25/stackpath-ceo-on-his-startup/
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I personally believe it's going to be a good thing for Staminus customers. I'm sure, as with previous SoftLayer acquisitions, all the brands will be consolidated at some point, but pricing will be grandfathered for existing customers.
