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The startup that secretly runs the internet just got acquired by one of its biggest rivals for $670 million

March 12, 2019 / businessinsider

Nginx (pronounced "engine-X"), the company behind the very popular open source web server software of the same name, has been acquired by F5 Networks, a rival, which is valued at about $9.6 billion on the public market.In a press release on Monday, F5 says that it plans to acquire all shares of Nginx in a deal that values the company at $670 million, "subject to certain adjustments," and that Nginx CEO Gus Robertson and its cofounders Igor Sysoev and Maxim Konovalov will all be staying on as employees of F5 after the acquisition closes.While Nginx isn't the largest or most valuable software company, it's one of the startups that secretly runs the internet: The Nginx web server is the third most widely used in the world, behind only Microsoft and Apache, and ahead of Google.