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Content Delivery Network Akamai Acquires Rival Speedera for $130 Million

Authored by Mark Hefflinger on March 16, 2005 - 3:01am.
Cambridge, Mass. -- Content delivery network Akamai Technologies announced on Wednesday that it has acquired rival Speedera Networks, in an all-stock transaction valued at about $130 million. Massachusetts-based Akamai expects the purchase to enable it to better compete against larger managed service providers, as well as offer a broader range of services to its customers. Both companies provide technology that speeds the delivery of content across the Internet, such as software applications, Web ads and online video. The deal is expected to close in the second quarter of 2005.
tags: Deals | Akamai | Rival Speedera | Content Delivery Network |