Akamai Technologies Completes Acquisition Of Linode To Provide Businesses With A Developer-Friendly And Massively Distributed Platform To Build, Run And Secure Applications

Mar 21, 2022•over 3 years ago

Acquiring Company

Akamai Technologies

Acquired Company

Linode

Description

Akamai Technologies, Inc. (NASDAQ: AKAM), the cloud company that powers and protects life online, today announced it has completed its acquisition of Linode. On February 15, Akamai announced an agreement for Akamai to acquire Linode in exchange for approximately $900 million.

Company Information

Company

Akamai Technologies

About

Total fundraising event-night management services for your fundraising event and auction. Stress free fundraising event and auction help for registration, data entry, check-in, check-out, recording and auction software management.

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