Akamai Technologies, Inc. (NASDAQ: AKAM), a Cambridge, MA-based cloud cybersecurity company, acquired assets including select enterprise customer contracts from StackPath.
This follows StackPath’s decision to cease its content delivery network operations. Akamai will extend its standard offerings and support to customers looking for an enterprise solution to their content delivery, cybersecurity and cloud computing needs. The transaction does not include the acquisition of StackPath personnel or technology. The two companies will be operating under a transition services agreement for the first 90 days.
Through the acquisition of approximately 100 enterprise customer contracts, Akamai anticipates this transaction will add approximately $20 million in revenue and be accretive to non-GAAP earnings per share by $0.03 – 0.05 for the full year in 2024. The company anticipates no material impact on both revenue and non-GAAP earnings per share for the third quarter or full-year 2023.
Akamai provides companies worldwide with clouyd solutions to build, deliver, and secure their digital experiences. Akamai Connected Cloud is a massively distributed edge and cloud platform that puts apps and experiences closer to users and keeps threats farther away.
FinSMEs
25/08/2023