Akamai Announces Acquisition Of Speedera Networks

I-Newswire.com: Akamai Technologies, a Nasdaq-listed company, today announced it has completed its acquisition of Speedera Networks,, a privately held company based in Santa Clara, California, and also Bangalore, India. Akamai announced a definitive agreement on March 16, 2005 to acquire Speedera in a stock-for-stock transaction.
Akamai and Speedera provide businesses with a cost-effective, distributed platform for accessing Web computing and capacity on demand worldwide without having to make significant upfront investments in infrastructure. The acquisition will provide customers with a broader suite of services available on the world`s largest, high-performance distributed computing platform for the delivery and acceleration of Web content and applications.
Said Paul Sagan, president and CEO of Akamai: “We are delighted to start working with a talented group of new employees who are joining us. In addition to the contribution of Speedera’s U.S.-based team, the company’s strong presence in Bangalore provides us an opportunity to establish operations in India.”

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