F5 Networks' (NASDAQ:FFIV) latest asset buy should help it make the online world a little safer. The company announced it had reached agreement to acquire Israel-based Versafe, a privately held firm that specializes in web security. The terms of the deal were not made public.
In the press release heralding the news, F5 Networks called Versafe's technology "a natural extension" of F5's offerings. The company quoted Executive Vice President of Product Development Karl Triebes as saying that "the acquisition supports F5's vision and commitment to provide our customers with secure access to data and applications from any location; from any device."
F5 Networks does not expect the Versafe buy to have a material impact on operating results.
Fool contributor Eric Volkman has no position in F5 Networks. The Motley Fool recommends and owns shares of F5 Networks. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.