Financial Daily from THE HINDU group of publications
Thursday, Jun 30, 2005
Financial Daily from THE HINDU group of publications Thursday, Jun 30, 2005 |
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Info-Tech
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Software Akamai completes integration of Speedera Networks Our Bureau
Mr Paul Sagan (left), President and CEO, Akamai Technologies, and Mr Ajit Gupta, President and CEO, Speedera Networks, at a press conference in Bangalore on Wednesday. — G.R.N. Somashekar
Bangalore , June 29 AKAMAI Technologies, a global service provider for accelerating content and business processes online, today announced the integration of the Indian operations of Speedera Networks Inc, which it acquired recently. This is expected to help Akamai to enhance its penetration of markets worldwide and expand its focus on global customer services and support. Mr Paul Sagan, Akamai's Chief Executive Officer, said the stock-for-stock transaction, valued at over $130 million, would augment the company's research and development, besides increasing its business through significant customer acquisitions, including a number of major Indian customers such as Sify, Rediff, NDTV and Wipro. Akamai provided businesses with a cost-effective distributed platform for accessing Web computing and capacity on demand worldwide without having to make significant upfront investments in infrastructure.
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