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22 December, 2011
Posted in Mergers & Acquistions
4 comments
Akamai Confirms Plans of Acquiring Cotendo
Today (on December 22, 2011), Akamai Technologies, the global leader in Content Delivery Networks and web optimization solutions, and Cotendo, one of the leading and most innovative Content Delivery Network Companies, announced that the two Companies have signed a definitive agreement regarding Akamai’s acquisition of Cotendo.Both Akamai and Cotendo are working with various optimization solutions for faster delivery of content on the Internet, cloud and mobile networks, and the combination of the technical expertise of the teams as well as the global infrastructure, the innovation in these areas is expected to happen faster. The two Companies also have various patents and innovative solutions, which complement each other, thus providing better solutions to their combined customer-base. As per the current agreement and considering the stock price adjustments, Akamai will acquire all the stocks of Cotendo for about 268 million USD.
Akamai and Cotendo both expressed their happiness for this development, and subject to the regulatory approvals and other closing formalities and paperwork, the acquisition is expected to be closed before June 2012.
[...] providers of network optimization services and solutions went on an upward trajectory after Akamai announced that it had reached a definitive agreement of acquiring its Israeli competitor, Cotendo for 268 [...]
[...] brings with her immense experience, which will help the Company in properly merging the teams from Akamai’s Cotendo acquisition. Apart from this, the position is significant since it also reaffirms Akamai’s plans of [...]
[...] end, Cotendo mentioned that it was honored to get this prestigious award and that the Company was acquired by Akamai, the joint entity would continue further on its path of creating innovative solutions for improving [...]
[...] in Israel and tap the potential offered by this technology rich region. Originally, Akamai had announced its plan of acquiring Cotendo in December end. However, the acquisition of Cotendo is not likely to [...]