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F5 Networks Buys Versafe to Boost Online Fraud Protection Capabilities

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Less than one week ago, Israel-based Versafe was in New York City, making their case for total fraud protection before a Finovate audience of more than 1,100, and hundreds more following online.

Who knew how closely F5 Networks must have been listening!


F5 Networks announced today that it was purchasing the Internet security specialist and one-and-done Finovate alum for an undisclosed amount. All 40 employees, including Versafe’s three founders, are expected to remain on board and the company will continue to operate out of its headquarters in Rishon Le Zion, Israel.
Versafe chose FinovateFall 2013 to present some of the latest enhancements to its TotALL Online Fraud Protection Suite. Their technology relies on advanced encryption and real-time behavioral analysis to provide a layer of protection between the end user and the application. This protection is effective regardless of whether the app is access online or via a mobile device.
Versafe was founded in 2009 by Eyal Gruner (CEO), Boaz Zilber (COO), and Idan Amir (VP Sales EMEA). View our Live Blog post of Versafe’s FinovateFall presentation here. The company’s demo video will be available later this month.