Akamai Technologies Acquires Customers and Select Intellectual Property From Instart
Non-Dilutive Transaction Expected to Accelerate Development of Page Integrity Solution and Provide Access to New Sales Opportunities
Akamai Technologies Inc., the intelligent edge platform for securing and delivering digital experiences, announces it has closed an asset purchase transaction with Palo Alto, California-based Instart to acquire customer contracts and intellectual property (IP). Akamai intends to expeditiously transition the acquired customers to Akamai’s platform. The acquired IP is expected to benefit the development of Akamai’s page integrity solution.
Recommended AI News: Is Artificial Intelligence The Next Stepping Stone For Web Designers?
“Akamai identified a unique opportunity to acquire high value customers and migrate them to our platform with minimal cost to us and disruption to the customer,” said Rick McConnell, president of Akamai and general manager of its web division. “Along with gaining customers, we are able to augment our efforts in page integrity, an area of immediate security concern for our customers.”
Recommended AI News: Omnichannel Payments App BharatPe Scoops $75 Million In Series C Funding
New customers are expected to be rapidly migrated to the Akamai Intelligent Edge platform. The acquisition is immaterial to the company’s financial results and is not anticipated to negatively affect the company’s operating margin target.
Recommended AI News: AiThority Interview With Adrian Leer, Managing Director – Triad Group Plc