CAMBRIDGE, Mass., Sept. 28, 2016 /PRNewswire/ -- Akamai
Technologies, Inc. (NASDAQ: AKAM) announced today that it has
acquired Concord Systems, Inc., a provider of technology for the
high performance processing of data at scale, in an all cash
transaction. The acquisition is expected to complement
Akamai's existing platform data processing capabilities and augment
the Company's product roadmap for supporting customers leveraging
Internet of Things (IoT) technologies.
Data collection and processing from many sources back to an
origin requires scale and reliability across the Internet.
Concord software provides a unique
framework for data aggregation, filtering, and analysis of
highly-distributed big data use cases.
"Concord brings a fresh,
innovative and modern approach to some of the challenges and hard
problems related to processing big data," said Ash Kulkarni, senior
vice president of Akamai's Web Experience Division. "Their
team has developed critical software that enables the dynamic
deployment of customer logic at scale. Together, their
expertise will be a strong complement to Akamai, and we believe
their technology is applicable across a number of different use
cases."
Concord Systems, headquartered in New
York City and established in 2014, is
a privately-funded company. The acquisition is not
material to Akamai's financials.
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 Concord Systems or to
develop products based on data processing technology 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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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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--or--
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tbarth@akamai.com
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SOURCE Akamai Technologies, Inc.