Tech Intelligence Bulletin (HG Insights) – Akamai Technologies, Inc., the intelligent edge platform for securing and delivering digital experiences, has closed an asset purchase transaction with Instart to acquire customer contracts and intellectual property (IP).
Akamai intends to expeditiously transition the acquired customers to Akamai’s platform. The acquired IP is expected to benefit the development of Akamai’s page integrity solution.
“Akamai identified a unique opportunity to acquire high value customers and migrate them to our platform with minimal cost to us and disruption to the customer,” said Rick McConnell, president of Akamai and general manager of its web division. “Along with gaining customers, we are able to augment our efforts in page integrity, an area of immediate security concern for our customers.”
New customers are expected to be rapidly migrated to the Akamai Intelligent Edge platform. The acquisition is immaterial to the company’s financial results and is not anticipated to negatively affect the company’s operating margin target.
Digital experience cloud
Instart is an American multinational computer technology corporation, headquartered in Palo Alto, California. The company specializes primarily in developing and marketing a digital experience cloud that improves web and mobile application performance, consumer experience and security.
Akamai secures and delivers digital experiences for the world’s largest companies. Akamai’s intelligent edge platform surrounds everything, from the enterprise to the cloud, so customers and their businesses can be fast, smart, and secure. Leading brands globally rely on Akamai to help them realize competitive advantage through agile solutions that extend the power of their multi-cloud architectures.
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