Akamai to acquire mobile acceleration services company Cotendo for $268 million

Akamai, a global provider of a secure
platform across the web, mobile and cloud, is set to acquire Cotendo, a
provider of integrated suite of web and mobile acceleration services, for $268

The combination of the two companies’
technologies and teams is expected to increase the pace of innovation in the
areas of cloud and mobile optimization.

“As we look to accelerate growth
across the dynamic landscapes of cloud and mobile optimization, we are excited
to be joining forces with Cotendo,” said Paul Sagan, president and CEO of

“The Cotendo team is very proud of our
accomplishments in delivering proven and effective solutions for accelerating
Web and mobile assets.  By combining our innovative technology and
employees with Akamai, we expect our customers and partners will gain access to
a comprehensive, global platform and wider portfolio of leading-edge services
supported by some of the most experienced providers in the industry,” said Ronni Zehavi, CEO and co-founder of Cotendo. 

Cotendo has a technology center in Israel. 
Cotendo currently has approximately 100 employees, with over 50 based in

A fast growing innovator of cloud-based
acceleration technologies, Cotendo offers an integrated suite of Web and Mobile
Acceleration Services from its global distributed points of presence (POPs). 

Cotendo’s single platform software was
built from the ground-up and includes acceleration services for dynamic web
applications, static and dynamic web content, SSL, Advanced DNS, Adaptive Image
Compression, performance monitoring and automatic failover as well as real-time
reports and analytics. 

Cotendo offers a distributed cloud
application environment called Cloudlet that allows decision-making (logic,
data) at the edge, closest to the end users.  Cotendo’s customer base
includes Fortune 500 enterprises, Tier 1 telecommunications providers and the
world’s largest social networks, eCommerce sites, and advertising networks. 

By Telecomlead.com Team
[email protected]