CAMBRIDGE, Mass., April 7, 2017 /PRNewswire/ -- Akamai
Technologies, Inc. (NASDAQ: AKAM) today announced the company has
completed its acquisition of SOASTA, a leader in Digital
Performance Management. On March 29,
2017, Akamai announced a definitive agreement between the
parties pursuant to which Akamai would acquire SOASTA in an
all-cash transaction.
The combination of the two companies' technologies and teams
creates a comprehensive set of cloud‑based performance and business
outcome optimization solutions. These capabilities are intended to
give customers the power to measure, optimize and validate the
business impact of their web performance strategies.
"The ability to deliver exceptional digital experiences is of
paramount importance to our customers," explained Ash Kulkarni,
senior vice president and general manager, Web Experience Division,
Akamai. "Adding SOASTA's technology to our Web Performance
Solutions portfolio offers our customers new and powerful ways to
better understand the correlation between website performance and
business outcomes."
The SOASTA acquisition is expected to be slightly dilutive to
Akamai's Non-GAAP net income per share in the first full year post
closure in the range of $0.06 to
$0.07 and become accretive in 2018.
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.
Akamai Statement Under the Private Securities Litigation
Reform Act
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 regarding the expected benefits of the
acquisition of SOASTA. 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, unexpected
changes in the degree to which the acquisition is dilutive or
accretive, if at all, in future periods, difficulty in integrating
SOASTA's technology with Akamai's, lack of market acceptance of the
post-acquisition solutions, 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:
|
Rob
Morton
Tom Barth
|
Media
Relations
Investor Relations
|
617-444-3641
617-274-7130
|
rmorton@akamai.com tbarth@akamai.com
|
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SOURCE Akamai Technologies, Inc.