Russian web server developer purchased by U.S. investor | Central regions, Finance, business

Central regions | Finance, business | Technology & innovation

Russian web server developer purchased by U.S. investor

13 Mar '19
Nginx, a Russian developer of web servers, has been bought by F5 Networks, a U.S.-based provider of cloud and IT security solutions, reported, citing The Bell. The American company had to shell out $670m in the deal, the source said.

An estimated 40% of global Internet servers and more than half of highly loaded servers are said to operate based on Nginx web servers.

The Nginx co-founders—Igor Sysoev who wrote his first code back in 2001 for the Rambler search engine, Maksim Konovalov and CEO and co-investor Gus Robertson—are now joining F5 as new employees.

Nginx is a vivid example of a very successful international start-up of Russian origin. With an investment of $103m the developers earlier raised the start-up put together what then emerged as the world’s third most widely used web server after the Apache and Microsoft products; the Nginx servers beat those of Google. The start-up is still headquartered in Moscow.