Akamai to acquire select assets of Edgio to strengthen content delivery and security services
Acquiring Company
Akamai Technologies
Acquired Company
Edgio, Inc.
CambridgeTempeSoftwareData And AnalyticsInformation TechnologySoftwareDescription
Akamai Technologies, Inc. has been approved by the U.S. Bankruptcy Court for the District of Delaware to acquire select assets of Edgio, including certain customer contracts and non-exclusive license rights to patents in Edgio's portfolio. The transaction does not include the acquisition of Edgio personnel, technology, or assets related to the Edgio network. As part of the bid, Akamai will provide transition services and expects the acquisition to add approximately $9-$11 million in revenue for the fourth quarter of 2024.
Quick answer
Akamai Technologies is acquiring Edgio, Inc., announced November 26, 2024. Akamai Technologies is based in Cambridge, Massachusetts, United States.
- Who acquired Edgio, Inc?
- Akamai Technologies agreed to acquire Edgio, Inc. on November 26, 2024.
- How much did Akamai Technologies pay for Edgio, Inc?
- The deal value was not disclosed.
- What does Akamai Technologies do?
- Akamai secures and delivers digital experiences for the world's largest companies.
- Where are Akamai Technologies and Edgio, Inc. based?
- Akamai Technologies is based in Cambridge, Massachusetts, United States. Edgio, Inc. is based in Tempe, Arizona, United States.
- Who are the decision-makers at Akamai Technologies?
- Fundz holds 1 contact at Akamai Technologies. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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- Trace3 expands industry-focused verticals with acquisition of Zivaro to create Trace3 Government (T3G) (December 19, 2024)
- Akamai completes acquisition of select assets of Edgio (December 13, 2024)
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Frequently asked
Who acquired Edgio, Inc.?
Edgio, Inc. was acquired by Akamai Technologies, based in Cambridge. The deal was reported on November 26, 2024. Akamai secures and delivers digital experiences for the world's largest companies. Akamai Technologies is publicly traded (AKAM) and operates in Software.
When did Akamai Technologies acquire Edgio, Inc.?
Akamai Technologies's acquisition of Edgio, Inc. was reported on November 26, 2024. Akamai Technologies, Inc. has been approved by the U.S. Bankruptcy Court for the District of Delaware to acquire select assets of Edgio, including certain customer contracts and non-exclusive license rights to patents in Edgio's portfolio. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Edgio, Inc. do?
Edgio (NASDAQ: EGIO) helps companies deliver online experiences and content faster, safer, and with more control. It is privately held, operating in Information Technology, and is based in Tempe.
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