Akamai Technologies Acquires Select Customer Contracts From Lumen

Oct 10, 2023•almost 2 years ago

Acquiring Company

Akamai

Acquired Company

Customer Contracts

CambridgeData And AnalyticsSoftware

Description

Akamai Technologies, Inc. (NASDAQ: AKAM), the cloud company that powers and protects life online, today announces that it has acquired assets, including select content delivery customer contracts, from Lumen Technologies, Inc. Akamai will extend its offerings and support to Lumen customers looking for an enterprise solution to their content delivery needs, providing them the ability to leverage the world's most distributed cloud platform.

Company Information

Company

Akamai

Location

Cambridge, Maryland, 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.

M&A Insights

Based on deal data

Integration timeline

70% of M&A integrations take 12-24 months to complete

Tech stack consolidation

83% of merged companies consolidate technology vendors within first year

Post-acquisition investment

Companies increase IT spending by 23% on average after acquisitions

Success factor

M&A deals with strong technology integration plans are 2.5x more likely to succeed