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Akamai wins bid for select assets of Edgio, including customer contracts and patent portfolio

PUBLIC · AKAMNov 15, 2024

Acquiring Company

Akamai Technologies

Acquired Company

Edgio, Inc.

CambridgeTempeSoftwareData And AnalyticsInformation TechnologySoftware

Description

Akamai has emerged as the winning bidder to acquire select assets from Edgio, including customer contracts in security and content delivery, and non-exclusive license rights to Edgio's entire patent portfolio. The acquisition comes as part of Edgio's bankruptcy proceedings, with the court hearing for approval of the sale transaction scheduled for November 25, 2024.

Quick answer

Akamai Technologies is acquiring Edgio, Inc., announced November 15, 2024. Akamai Technologies is based in Cambridge, Massachusetts, United States.

Who acquired Edgio, Inc?
Akamai Technologies agreed to acquire Edgio, Inc. on November 15, 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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Company Information

Company

Akamai Technologies

Location

Cambridge, Massachusetts, United States

About

Akamai secures and delivers digital experiences for the world's largest companies. Akamai's intelligent edge platform surrounds everything, from the enterprise to the cloud, so customers and their businesses can be fast, smart, and secure. Top brands globally rely on Akamai to help them realize competitive advantage through agile solutions that extend the power of their multi-cloud architectures. Akamai keeps decisions, apps and experiences closer to users than anyone — and attacks and threats far away. Akamai's portfolio of edge security, web and mobile performance, enterprise access and video delivery solutions is supported by unmatched customer service, analytics and 24/7/365 monitoring. To learn why the world's top brands trust Akamai, visit www.akamai.com, blogs.akamai.com, or @Akamai on Twitter. You can find our global contact information at www.akamai.com/locations.

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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 15, 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 15, 2024. Akamai has emerged as the winning bidder to acquire select assets from Edgio, including customer contracts in security and content delivery, and non-exclusive license rights to Edgio's entire patent 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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