Akamai Technologies Acquires Customers and Select Intellectual Property from Instart
Non-Dilutive Transaction Expected to Accelerate Development of Page Integrity Solution and Provide Access to New Sales Opportunities
Akamai Technologies Inc, the intelligent edge platform for securing and delivering digital experiences, announces it has closed an asset purchase transaction with Palo Alto, California-based Instart to acquire customer contracts and intellectual property (IP). Akamai intends to expeditiously transition the acquired customers to Akamai’s platform. The acquired IP is expected to benefit the development of Akamai’s page integrity solution.
“Akamai identified a unique opportunity to acquire high value customers and migrate them to our platform with minimal cost to us and disruption to the customer,” said Rick McConnell, president of Akamai and general manager of its web division. “Along with gaining customers, we are able to augment our efforts in page integrity, an area of immediate security concern for our customers.”
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New customers are expected to be rapidly migrated to the Akamai Intelligent Edge platform. The acquisition is immaterial to the company’s financial results and is not anticipated to negatively affect the company’s operating margin target.
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Akamai secures and delivers digital experiences for the world’s largest companies. Akamai’s intelligent edge platform surrounds everything, from the enterprise to the cloud, so customers and their businesses can be fast, smart, and secure. Top brands globally rely on Akamai to help them realize competitive advantage through agile solutions that extend the power of their multi-cloud architectures. Akamai keeps decisions, apps and experiences closer to users than anyone – and attacks and threats far away. Akamai’s portfolio of edge security, web and mobile performance, enterprise access and video delivery solutions is supported by unmatched customer service, analytics and 24/7/365 monitoring.
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