CAMBRIDGE, Mass., March 2, 2015 /PRNewswire/ -- Akamai
Technologies, Inc. (NASDAQ: AKAM) announced today that it has
acquired Xerocole, a provider of recursive DNS functionality, in a
cash transaction. The acquisition is expected to allow Akamai
to expand its DNS product portfolio beyond the Company's existing
Authoritative DNS products to more completely meet the needs of
customers and network partners.
Even as more devices continue to connect to the Internet, end
users are increasingly expecting near instant, secure, and reliable
access, wherever they are. The Domain Name System (DNS),
which translates human-readable domain names into IP addresses, is
a critical component in delivering a faster Internet
experience. Xerocole's intelligent recursive DNS technology
was designed to provide carriers with security, speed, and the
ability to dynamically and flexibly set DNS policy and user
preferences.
"We see this acquisition as an important investment in
engineering talent and technology that is intended to complement
our DNS product portfolio and strategy," said Rick McConnell, Akamai's President of Products
and Development. "We believe that Xerocole has some of the
best DNS experts in the industry and that recursive DNS has
strategic value to the Akamai Platform and to each of our business
units. Xerocole's technology is expected to strengthen our
value to our major carrier and network partners."
Xerocole, a private company with ten employees, was
established in 2010. The acquisition is not material to
Akamai's financials.
About Akamai®
As the global leader in
Content Delivery Network (CDN) services, Akamai makes the Internet
fast, reliable and secure for its customers. The company's
advanced web performance, mobile performance, cloud security and
media delivery solutions are revolutionizing how businesses
optimize consumer, enterprise and entertainment experiences for any
device, anywhere. To learn how Akamai solutions and its
team of Internet experts are helping businesses move faster
forward, please visit www.akamai.com or
blogs.akamai.com, and follow @Akamai on Twitter.
The release contains information about future expectations,
plans and prospects of Akamai's management that constitute
forward-looking statements for purposes of the safe harbor
provisions under The Private Securities Litigation Reform Act of
1995, including statements about expected benefits to Akamai from
the acquisition. Actual results may differ materially from those
indicated by these forward-looking statements as a result of
various important factors including, but not limited to, inability
to successfully integrate the technology of Xerocole or to develop
products based on the technology, the potential impact of the deal
on our relationship with carriers and networks and other factors
that are discussed in the Company's Annual Report on Form 10-K,
quarterly reports on Form 10-Q, and other documents periodically
filed with the SEC.
Contacts:
|
Jeff Young
Media Relations
617-444-3913
jyoung@akamai.com
|
--or--
|
Tom Barth
Investor Relations
617-274-7130
tbarth@akamai.com
|
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SOURCE Akamai Technologies, Inc.