CAMBRIDGE, Mass. and
COPENHAGEN, Denmark, April 6, 2015 /PRNewswire/ -- Akamai
Technologies, Inc. (NASDAQ: AKAM) announced today that it has
acquired Octoshape in a cash transaction. Octoshape's
services are designed to help optimize the quality of video streams
for over-the-top (OTT) content and to enable Internet Protocol
television (IPTV) solutions.
"As more video gets consumed over the Internet, and on devices
that can display higher-quality resolution, it is important for us
to develop new ways to acquire, transform and distribute the
highest-quality media for broadcast-size audiences," said
Tom Leighton, CEO of Akamai. "We are
working to continue to extend our platform to accommodate video
throughput increases that come from the adoption of 4K, and to
support a potential 100-1000X increase in network traffic in the
future."
The acquisition of Octoshape is expected to provide Akamai with
valuable technology and experience in the area of streaming video
optimization. Through a combination of patented video and
network optimization technologies, Octoshape has created
highly-efficient transport methods for the delivery of video
streams across the Internet using standard media formats and
players.
"With the addition of Octoshape, Akamai intends to provide
customers with the most comprehensive suite of video delivery and
optimization technologies," continued Leighton. "We believe
this acquisition will bolster our strategy to further the
deployment of Akamai software into devices, carrier networks,
enterprises, and homes, and to fulfill the promise of an Internet
that is fast, reliable and secure on any device, anywhere."
"By joining forces with Akamai, we believe our joint customers
will benefit from unsurpassed quality and reach," said Michael Koehn, CEO of Octoshape.
"Combining Akamai's industry-leading content distribution
network with Octoshape's video optimization technologies is
intended to help businesses supercharge their online services to
meet consumer demand. The Octoshape team is proud of the technology
it has built over the years, and looks forward to evolving that
technology to the next level with Akamai."
Octoshape, a private company with over 40 employees, was
established in 2003. Under terms of the acquisition
agreement, Akamai will acquire all of the outstanding equity of
Octoshape in a cash transaction. The acquisition is not
material to Akamai's financials.
About Octoshape
Octoshape is a revolutionary cloud OTT
IPTV service provider that focuses on delivering broadcast,
enterprise, and carrier solutions. Octoshape's cloud
technologies are adopted worldwide to enable the evolution of
broadcast TV to broadband TV. The company's patented stream
acceleration platform combined with its suite of multicast
technologies offer unparalleled stream quality, global reach, and
network efficiency to deliver a consistent and cost-effective TV
viewing experience for broadband multiscreen,
point-to-(multi)-point contribution and enterprise delivery.
For more information, visit www.octoshape.com
About Akamai®
As the global leader in
Content Delivery Network (CDN) services, Akamai makes the Internet
fast, reliable and secure for its customers. The company's
advanced web performance, mobile performance, cloud security and
media delivery solutions are revolutionizing how businesses
optimize consumer, enterprise and entertainment experiences for any
device, anywhere. To learn how Akamai solutions and its
team of Internet experts are helping businesses move faster
forward, please visit www.akamai.com or
blogs.akamai.com, and follow @Akamai on Twitter.
The release contains information about future expectations,
plans and prospects of Akamai's management that constitute
forward-looking statements for purposes of the safe harbor
provisions under The Private Securities Litigation Reform Act of
1995, including statements about expected benefits to Akamai from
the acquisition. Actual results may differ materially from those
indicated by these forward-looking statements as a result of
various important factors including, but not limited to, inability
to successfully integrate the technology of Octoshape or to develop
products based on the technology, incorrect expectations about
network traffic increases and our ability to accommodate them, and
other factors that are discussed in the Company's Annual Report on
Form 10-K, quarterly reports on Form 10-Q, and other documents
periodically filed with the SEC.
Contacts:
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Jeff Young
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Tom Barth
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Media
Relations
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--or--
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Investor
Relations
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617-444-3913
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617-274-7130
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jyoung@akamai.com
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tbarth@akamai.com
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SOURCE Akamai Technologies, Inc.