Akamai Technologies Completes Acquisition of Linode to Provide Businesses with a Developer-friendly and Massively Distributed Platform to Build, Run and Secure Applications

Rhea-AI Summary

Akamai Technologies has finalized its acquisition of Linode for approximately $900 million. This strategic move, announced on February 15, aims to enhance Akamai's cloud computing capabilities by integrating Linode's developer-friendly platform with its leading edge and security services. The merger is expected to provide businesses with a massively distributed platform for application development and security, bolstering Akamai's market position as a top cloud service provider.

Positive

• Acquisition of Linode enhances Akamai's cloud capabilities.
• Integration expected to provide a distributed platform for application development and security.

Negative

• None.

CAMBRIDGE, Mass., March 21, 2022 /PRNewswire/ -- Akamai Technologies, Inc. (NASDAQ: AKAM), the cloud company that powers and protects life online, today announced it has completed its acquisition of Linode. On February 15, Akamai announced an agreement for Akamai to acquire Linode in exchange for approximately $900 million.

Linode's developer-friendly cloud computing capabilities combined with Akamai's market-leading edge platform and security services will provide businesses with a massively distributed platform to build, run and secure applications.

About Akamai

Akamai powers and protects life online. Leading companies worldwide choose Akamai to build, deliver, and secure their digital experiences — helping billions of people live, work, and play every day. With the world's most distributed compute platform — from cloud to edge — we make it easy for customers to develop and run applications, while we keep experiences closer to users and threats farther away. Learn more about Akamai's security, compute, and delivery solutions at akamai.com and akamai.com/blog, or follow Akamai Technologies on Twitter and LinkedIn.

Contacts:

Gina Sorice
Media Relations
646-320-4107
gsorice@akamai.com   

Tom Barth
Investor Relations
617-274-7130
tbarth@akamai.com

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SOURCE Akamai Technologies, Inc.

FAQ

What is the significance of Akamai's acquisition of Linode?

The acquisition aims to bolster Akamai's cloud computing capabilities by integrating Linode's services, enhancing its market position.

How much did Akamai pay for Linode?

Akamai completed the acquisition of Linode for approximately $900 million.

When was the acquisition of Linode announced?

Akamai announced the acquisition of Linode on February 15, 2022.

What benefits will businesses see from the Akamai and Linode merger?

Businesses will gain access to a developer-friendly platform that combines Linode's offerings with Akamai's edge and security services.