Broadcast News

Bookmark and Share
03/01/2012

Akamai Acquire Cotendo

A leading cloud platform has bought over an innovator of cloud-based acceleration technologies in a bid mitigate the challenges of operating in a 'hyperconnected' world.
Akamai Technologies and Cotendo announced that the two companies have signed a definitive agreement for Akamai to acquire Cotendo.
Akamai provides a secure platform over which businesses can engage users across the Web, mobile, cloud, or a mix of public and private network environments.
Meanwhile Cotendo offers an integrated suite of web and mobile acceleration services. The combination of the two companies' technologies and teams is expected to increase the pace of innovation in the areas of cloud and mobile optimisation.
"As we look to accelerate growth across the dynamic landscapes of cloud and mobile optimisation, we are excited to be joining forces with Cotendo," said Paul Sagan, President and Chief Executive of Akamai.
"Cotendo's technology, partnerships and people are a strong complement to Akamai. Together, we believe there is tremendous opportunity for our combined technologies as enterprises embrace the move to the cloud and seek solutions for an increasingly mobile world."
"The Cotendo team is very proud of our accomplishments in delivering proven and effective solutions for accelerating Web and mobile assets. By combining our innovative technology and employees with Akamai, we expect our customers and partners will gain access to a comprehensive, global platform and wider portfolio of leading-edge services supported by some of the most experienced providers in the industry," said Ronni Zehavi, Chief Executive and Co-Founder of Cotendo.
Under terms of the agreement, Akamai will acquire all of the outstanding equity of Cotendo in exchange for a net cash payment of approximately $268 million, after expected purchase price adjustments, plus the assumption of outstanding unvested options to purchase Cotendo common stock. The closing of the transaction, which is subject to customary closing conditions, including regulatory approvals, is expected to occur in the first half of 2012.
(LB)
Solidmate Ltd Memory Card Hire London

Top Related Stories
Click here for the latest broadcast news stories.

16/11/2023
Google Cloud Launches New Vertex AI
Google Cloud today announced new Vertex AI Search capabilities that are purpose-built to help media and entertainment companies give audiences more pe
13/11/2023
Conyers-Rockdale Library System Deploys Carousel Cloud Network
Carousel Digital Signage is making a difference with patrons of the Conyers-Rockdale Library System, a single-county library system located in Rockdal
25/10/2023
Signiant Completes TPN App And Cloud Gold Shield Assessment
Signiant has joined the TPN and successfully completed a TPN App and Cloud Gold Shield assessment. The TPN is part of a broader Motion Picture Associa
13/12/2023
Studio Technologies Introduces Model 201 Interpreter's Console
Tools for interpretation are important in today’s global AV and broadcast industries, with specialised personnel required to manage single- and multi-
30/11/2023
Pliant Technologies Announces New Distribution Partnership With MediaPower
Pliant Technologies has announced its recent distribution partnership with MediaPower, expanding its reach to the Italian market. For 30 years, MediaP
14/04/2023
Qvest Further Expands Cloud Based Software Technologies
Qvest is further expanding its service portfolio in cloud-based software technologies. The Qvest subsidiary HMS will be fully integrated into the comp
07/03/2024
Pliant Technologies Unveils Miniature In-Ear Style Headset
Pliant Technologies has unveiled a new miniature in-ear style headset with unbeatable comfort and flexibility, and new accessories with long-distance,
29/02/2024
Starfish Technologies To Display Enhanced Stream Processing
Starfish Technologies will use its NAB presence to highlight how its innovative software products can deliver valuable functionality and flexibility t
14/03/2023
MediaProxy Expands Support For Audio Watermarking Technologies
Mediaproxy has further expanded its support for the audio watermarking technologies employed by global measurement and data analytics company Nielsen.
19/12/2022
Akamai Technologies Partners With ITV
Akamai Technologies has announced that it was ITV's trusted partner to test the complex infrastructure necessary to live stream this year's World Cup.
12/10/2023
Pliant Technologies Announce Microcom 900xr
Pliant Technologies has announced that its MicroCom 900XR 'All-In-One' Wireless Headset [PMC-HS900XR], the latest addition to the MicroCom family of p
04/10/2023
Merging Technologies Launches Venue Mission Software For Anubis
Merging Technologies has announced the launch of its Venue Mission software for Anubis, designed specifically for the brand's popular audio interface.
12/04/2023
Merging Technologies Returns To NAB 2023
Merging Technologies is to exhibit at stand C4517 at the NAB Show 2023. Over the past year, the Merging Technologies team have been working on an impr
12/04/2023
Pliant Technologies To Debut New CrewCom IP-Rated Radio Transceivers
Pliant Technologies is to debut its new CrewCom IP-Rated Radio Transceivers (RTs) at the 2023 NAB Show (Central Hall, Booth C7521). The new RTs are th
27/03/2023
Bridge Technologies Integrate SCTE 104 And SCTE 35 Visual Log Recording Feature
Furthering the 2022 incorporation of SCTE 104 and SCTE 35 marker monitoring into their suite of broadcast monitoring probes - including the flagship V