Akamai Acquires Linode For 900m

Akamai Technologies, Inc. (NASDAQ: AKAM), the world's most trusted solution to power and protect digital experiences, today announced it has entered into a definitive agreement to acquire Linode, one of the easiest-to-use and most trusted infrastructure-as-a-service (IaaS) platform providers. Modern digital experiences, including virtual environments like the metaverse, are created through the. 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.

Akamai to acquire Linode for $900m, creating the world's most distributed cloud services provider, with leading solutions for security, delivery, and compute. The price of the acquisition is $900 million, with Akamai expecting Linode to add about $100 million in revenue for its fiscal year 2022. Linode, which […] Akamai acquires Linode for $900M

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Akamai Technologies announced today it has reached an agreement to acquire infrastructure-as-a-service (IaaS) platform provider Linode for approximately $900 million, in a move to help enable.

Akamai Technologies acquires Linode for $900M, accretive to FY22 earnings Feb. 15, 2022 4:37 PM ET Akamai Technologies, Inc. (AKAM) By: Khyathi Dalal , SA News Editor 4 Comments Maks_Lab/iStock.

Linode, the nearly 20-year-old cloud software company that's made itself a household name in the Philly tech scene, will be acquired by Akamai Technologies.. CEO Christopher Aker founded the company in 2003, and it's been bootstrapped ever since, growing to about 250 employees in 2022. The company, which provides open-source cloud service capabilities to a wide range of clients, will keep.

ETCIO. February 17, 2022, 16:37 IST. Akamai Technologies announced it has entered into a definitive agreement to acquire Linode, an infrastructure-as-a-service ( IaaS) platform provider. Akamai.

Linode's $900M acquisition by Akamai is a 'game changer' for cloud service providers - Technical.ly The Old City company will maintain its brand and employees under the deal, which is expected to close before the end of this quarter.

Update: Read more about the Linode acquisition here . Old City cloud tech company Linode, bootstrapped since its founding, will be acquired by Cambridge, Massachusetts' Akamai Technologies . The deal is valued at $900 million, per Akamai. Founded by CEO Christopher Aker in 2003, Linode is one of the world's first and largest open source.

Wed 16 Feb 2022 // 00:36 UTC. Internet content delivery concern Akamai has announced it will acquire junior cloud Linode for about $900m. Linode positions itself as a cloud built by, and for, developers, and offers hyperscale services at prices that undercut larger cloud providers. The American-based biz operates eleven data centers spread.

The announcement of the acquisition of Linode comes about five months after another multimillion-dollar deal for Akamai, which last year announced plans to acquire Tel Aviv, Israel-based.

Akamai Technologies announced that it is acquiring privately held alternative cloud provider Linode in an all-cash deal valued at $900 million. The deal was announced on Feb. 15 alongside Akamai's earnings for the fourth quarter of 2021. Akamai reported earnings of $905 million for the quarter, for a 7% year-over-year gain.

With the $900 million deal, Akamai will acquire all of the outstanding equity of Linode. The deal will close in Q1 of 2022. For the entire fiscal year, the acquisition is expected to add about.

Akamai buys Linode for $900m . Internet content delivery concern Akamai has announced it will acquire junior cloud Linode for about $900m. Linode positions itself as a cloud built by, and for, developers, and offers hyperscale services at prices that undercut larger cloud providers.

Akamai acquires Linode for $900M. Like some of the larger clouds, Akamai also plans to launch a number of small local sites in select cities where it will offer basic cloud capabilities that will provide low-latency access to its services to local customers. One difference to what the likes of Google and AWS are doing, though, is that Akamai.

Akamai Technologies has confirmed plans to acquire cloud hosting company Linode in a $900m deal, in order to become "the world's most distributed compute platform". Akamai said Linode is one.

Akamai Technologies has announced it has entered into a definitive agreement to acquire Linode. "The opportunity to combine Linode's developer-friendly cloud computing capabilities with Akamai's market-leading edge platform and security services is transformational for Akamai," said Dr. Tom Leighton, chief executive officer and co-founder, Akamai Technologies.

Akamai has no intention of changing what has made us successful. This acquisition will propel us both forward — not take anything away. Linode will soon be able to call on the power of Akamai to offer entirely new products, services, expertise, locations, and scale, while Akamai will be able to tap into Linode's deep expertise in compute.

The announcement of the acquisition of Linode comes about five months after another multimillion-dollar deal for Akamai, which last year announced plans to acquire Tel Aviv, Israel-based.

By acquiring Linode, Akamai will also get a tax benefit for the next 15 years that is worth $120 million. Linode competes in cloud hosting against some of the largest tech companies, including.

Akamai, the company you probably mostly think of as a content delivery network but that also offers security and edge computing services, today announced that it has acquired Linode. The price of the acquisition is $900 million, with Akamai expecting Linode to add about $100 million in revenue for its fiscal year 2022. Linode, which launched back in 2003, quickly made a name for itself as an.

Protocol — The people, power and politics of tech — Akamai is buying Linode for $900 million. News • Feb 15, 2022. TechCrunch — Akamai acquires Linode for $900M. News • Feb 15, 2022. akamai.com — Akamai To Acquire Linode to Provide Businesses with a Developer-friendly and Massively-distributed Platform to Build, Run and Secure.

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