CAMBRIDGE, Mass., March 2,
2023 /PRNewswire/ -- Akamai Technologies, Inc.
(NASDAQ: AKAM), the cloud company that powers and protects life
online, today announces that it has entered into a definitive
agreement to acquire Ondat, a cloud-based storage technology
provider with a Kubernetes-native platform for running stateful
applications anywhere at scale. Ondat's technology delivers
persistent storage directly onto any Kubernetes cluster for running
business-critical, stateful applications safely across any public,
private and hybrid clouds. The acquisition of Ondat's cloud storage
technology and its industry-recognized talent is intended to
strengthen Akamai's cloud computing offerings.
"Last month we shared details of Akamai Connected Cloud, the
world's most distributed platform for cloud computing, security,
and content delivery," said Adam
Karon, chief operating officer and general manager, Cloud
Technology Group, Akamai Technologies. "Storage is a key component
of cloud computing and Ondat's technology will enhance Akamai's
storage capabilities, allowing us to offer a fundamentally
different approach to cloud that integrates core and distributed
computing sites with a massively scaled edge network."
Ondat's employees, including founder and chief technology
officer Alex Chircop, will join
Akamai's cloud computing business.
Akamai Connected Cloud is a massively distributed edge and cloud
platform for cloud computing, security, and content delivery that
keeps applications and experiences closer and threats farther away.
Akamai's cloud computing services enable developers to build, run
and secure highly performant workloads closer to wherever
businesses and users connect online. In building out Akamai
Connected Cloud, Akamai is adding core and distributed sites on top
of the same underlying backbone that powers its edge network today
— spanning more than 4,100 locations across 134 countries. More
specifically, Akamai is placing compute, storage, database and
other services closer to large population, industry and IT
centers.
Ondat, headquartered in London,
U.K., is a privately funded company. The acquisition is
expected to close in the first quarter of 2023. Akamai anticipates
no material impact to the company's financial guidance for 2023 as
a result of the transaction.
For more information, visit the Akamai cloud computing
solutions page.
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.
Akamai Statement Under the Private Securities Litigation
Reform Act
This release contains statements that are not statements of
historical fact and constitute forward-looking statements for
purposes of the safe harbor provisions under The Private Securities
Litigation Reform Act of 1995, including, but not limited to,
statements about expectations, plans and prospects of Akamai.
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, the failure of our investments in
innovation to generate solutions that are accepted in the market;
effects of competition, including pricing pressure and changing
business models; impact of macroeconomic trends, including economic
uncertainty; conditions and uncertainties in the geopolitical
environment; continuing supply chain and logistics costs,
constraints, changes or disruptions; defects or disruptions in our
products or IT systems, including cyberattacks, data breaches or
malware; failure to realize the expected benefits of any of our
acquisitions or reorganizations; changes to economic, political and
regulatory conditions in the United
States and internationally; delay in developing or failure
to develop new service offerings or functionalities, and if
developed, lack of market acceptance of such service offerings and
functionalities or failure of such solutions to operate as
expected, and other factors that are discussed in our Annual Report
on Form 10-K, quarterly reports on Form 10-Q, and other documents
periodically filed with the SEC. In addition, the statements in
this press release and on our quarterly earnings conference call
represent Akamai's expectations and beliefs as of the date of this
press release. Akamai anticipates that subsequent events and
developments may cause these expectations and beliefs to change.
However, while Akamai may elect to update these forward-looking
statements at some point in the future, it specifically disclaims
any obligation to do so. These forward-looking statements should
not be relied upon as representing Akamai's expectations or beliefs
as of any date subsequent to the date of this press release.
Media Contact
Gina Sorice
(646) 320-4107
gsorice@akamai.com
Investor Contact
Tom
Barth
(617) 274-7130
tbarth@akamai.com
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SOURCE Akamai Technologies, Inc.