Akamai buys DDoS security company Prolexic for $370 million

Akamai Technologies(s AKAM) says it has signed a definitive agreement to acquire Prolexic Technologies, a Hollywood, FL.-based cloud-based security company, whose products are focused on protecting data centers and corporate applications such as email, file transfers, and VPN from distributed denial of service (DDoS) attacks. Under the terms of the agreement, Akamai will acquire Prolexic in exchange for a net cash payment of approximately $370 million.