CAMBRIDGE, Mass., Dec. 13,
2024 /PRNewswire/ -- Akamai Technologies, Inc.
(NASDAQ: AKAM), the cybersecurity and cloud computing company that
powers business online, today announced it has completed its
acquisition of select assets from Edgio, including certain customer
contracts from Edgio's businesses in content delivery and security,
and non-exclusive license rights to patents in Edgio's portfolio.
On Nov. 26, 2024, the U.S. Bankruptcy
Court for the District of Delaware
approved Akamai's bid to acquire the aforementioned assets
following Edgio's 363 bankruptcy auction on Nov. 13, 2024, as part of its filing for Chapter
11 bankruptcy relief. The transaction does not include the
acquisition of Edgio personnel, technology, or assets related to
the Edgio network.
Akamai can now offer several hundred net new Akamai customers a
clear path and the necessary support to smoothly migrate to a
best-in-class and reliable provider of the services they need prior
to Edgio ceasing operations of its content delivery network. The
Company also plans to offer the new customers the opportunity to
take advantage of Akamai's full range of security and cloud
solutions, which run on the world's most distributed platform.
About Akamai
Akamai is the cybersecurity and cloud
computing company that powers and protects business online. Our
market-leading security solutions, superior threat intelligence,
and global operations team provide defense-in-depth to safeguard
enterprise data and applications everywhere. Akamai's full-stack
cloud computing solutions deliver performance and affordability on
the world's most distributed platform. Global enterprises trust
Akamai to provide the industry-leading reliability, scale, and
expertise they need to grow their business with confidence. Learn
more at akamai.com and akamai.com/blog, or follow Akamai
Technologies on X and LinkedIn.
Contacts
Akamai Public Relations
AkamaiPR@akamai.com
Akamai Investor Relations
IR-InvestorRelations@akamai.com
Akamai Statement Under the Private Securities Litigation
Reform Act
This press 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 the potential benefits of the transaction to
Akamai and its customers and management's expectations regarding
new customer additions and customer migration in connection with
the transaction. Each of the forward-looking statements is subject
to change as a result of various important factors, many of which
are beyond the company's control, including, but not limited to:
Akamai being unable to achieve the anticipated benefits of the
transaction; the risk that customer migration may be more
difficult, time-consuming or costly than expected; the retention of
key personnel during the transition period; potential adverse
reactions or changes to business relationships resulting from the
announcement or completion of the proposed transaction; effects of
competition, including pricing pressure and changing business
models; impact of macroeconomic trends, including economic
uncertainty, turmoil in the financial services industry, the
effects of inflation, rising and fluctuating interest rates,
foreign currency exchange rate fluctuations, securities market
volatility and monetary supply fluctuations; continuing supply
chain and logistics costs, constraints, changes or disruptions;
defects or disruptions in Akamai's products or IT systems,
including cyber-attacks, data breaches or malware; changes to
economic, political and regulatory conditions in the United States or internationally; and
other factors that are discussed in the company's most recent
Annual Report on Form 10-K, subsequent quarterly reports on Form
10-Q and other documents filed with the Securities and Exchange
Commission. All information provided in this press release is as of
the date of this press release, and Akamai does not undertake any
obligation to update any forward-looking statement, except as
required under applicable law.
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SOURCE Akamai Technologies, Inc.
