Akamai said Thursday that it has acquired Cotendo, a cloud acceleration company, for $268 million.
The deal, which is expected to close in the first half of 2012, had been rumored.
With Cotendo, Akamai gets to round out its team and technology. In a statement, Akamai CEO Paul Sagan said the addition of Cotendo will enable it to bring cloud services to mobile devices faster.
Cotendo was founded in 2008 and has 100 employees with half of them in Israel. The company offers a suite of Web and mobile acceleration tools on a distributed network. In other words, Cotendo is very similar to Akamai, but has a focus on mobile.
Here’s Cotendo’s position in the mobile cloud.
Given that Akamai is a leading content delivery network (CDN) it’s clear that Cotendo fits in well.
Larry Dignan is Editor in Chief of ZDNet and SmartPlanet as well as Editorial Director of ZDNet's sister site TechRepublic.
Biography
Larry Dignan
Larry Dignan is Editor in Chief of ZDNet and SmartPlanet as well as Editorial Director of ZDNet's sister site TechRepublic. He was most recently Executive Editor of News and Blogs at ZDNet. Prior to that he was executive news editor at eWeek and news editor at Baseline. He also served as the East Coast news editor and finance editor at CNET News.com. Larry has covered the technology and financial services industry since 1995, publishing articles in WallStreetWeek.com, Inter@ctive Week, The New York Times, and Financial Planning magazine. He's a graduate of the Columbia School of Journalism and the University of Delaware.
For daily updates, follow Larry on Twitter.
