Wednesday, December 21, 2011

Akamai to Acquire Cotendo for Cloud Acceleration Suite

Akamai Technologies has agreed to acquire Cotendo, which specializes in cloud-based acceleration technologies, for approximately $268 million in cash, plus the assumption of outstanding unvested options to purchase Cotendo common stock. Cotendo offers a suite of Web and mobile acceleration services using from over 30 global distributed point of presence (POPs). Cotendo's single platform software includes acceleration services for dynamic web applications,...