Core Insights - Akamai Technologies has partnered with LevelBlue to launch a Managed Web Application and API Protection (WAAP) service aimed at enhancing web application and API security [1][10] - The service integrates advanced security features including a next-generation web application firewall, DDoS mitigation, bot protection, and core API security, supported by LevelBlue's dedicated operations team [1][4] Industry Trends - Organizations are increasingly adopting digital-first strategies, leading to a rise in the average number of web applications per company from 145 to over 200 in two years, with API usage expected to grow significantly [2] - 80% of organizations are projected to have more than half of their applications connected via APIs, up from 32%, indicating a growing reliance on API connectivity [2] Service Features - LevelBlue's Managed WAAP service is available in two tiers: Essential and Advanced, providing 24/7 access to WAAP specialists, automated discovery and classification of critical web apps and APIs, and AI-powered threat detection [4] - The service aims to help organizations secure sensitive assets automatically, adapt to emerging attack vectors, and reduce false positives through expert-led policy tuning [4] Strategic Initiatives - Akamai is enhancing its AI-powered API security solutions through acquisitions, including Neosec and Noname Security, to analyze APIs, detect vulnerabilities, and minimize risks [5] - The company has also formed a collaboration with Aqua Security to develop integrated solutions for comprehensive protection of AI applications [6] Financial Performance - Akamai reported strong second-quarter 2025 results, exceeding Zacks Consensus Estimates, with growth driven by demand for its Guardicore platform, API security solutions, and cloud infrastructure services [7] - For 2025, Akamai anticipates revenues between $4.135 billion and $4.2 billion, with a projected non-GAAP operating margin of 29% and earnings per share in the range of $6.60-$6.80 [8] Market Position - Despite strong performance, Akamai's shares have declined by 26.6% over the past year, contrasting with a 27.3% growth in the Internet – Services industry [9]