CAMBRIDGE, Mass., Feb. 27, 2020 /PRNewswire/ -- Akamai
Technologies Inc., (NASDAQ: AKAM), 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."
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.
About Akamai
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. To learn why
the world's top brands trust Akamai, visit www.akamai.com,
blogs.akamai.com, or @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 revenue and other
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, failure to close the transaction expeditiously or at all,
inability to migrate customers to Akamai, failure to successfully
leverage the intellectual property acquired; failure to achieve
expected post-closing financial results, 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.
Media Relations
Gina
Sorice
(646) 320-4107
gsorice@akamai.com
Investor Relations
Tom
Barth
(617) 274-7130
tbarth@akamai.com
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SOURCE Akamai Technologies, Inc.