Akamai plans to acquire Linode for $900Mn
By MYBRANDBOOK
Akamai Technologies has reached an agreement to acquire infrastructure-as-a-service platform provider Linode for approximately $900 million, in a move to help Akamai to become the world’s most distributed compute platform.
Akamai’s acquisition of Linode is expected to close during the first quarter of 2022. Linode has served as an IaaS alternative to public cloud providers such as Amazon Web Services, Microsoft Azure, and Google Cloud.
The goal of the acquisition is to provide developers with a distributed platform for building, running, and securing “next-generation” applications, Cambridge, Massachusetts-based Akamai said in a news release.
Akamai Co-Founder and CEO Tom Leighton said, “The combination of Linode’s developer-friendly cloud computing capabilities and Akamai’s edge platform and security offerings is transformational for Akamai. With the acquisition, we are excited to begin a new chapter in our evolution by creating a unique cloud platform to build, run and secure applications from the cloud to the edge.”
The company’s offering “dramatically simplifies running applications in the cloud – launch a server in seconds and enjoy our straightforward API, CLI and Cloud Manager interface.”
Linode’s Founder and CEO Christopher Aker, said, “Customers face new challenges as cloud services become all-encompassing, including compute, storage, security, and delivery from core to edge. Solving those challenges requires tremendous integration and scale, which Akamai and Linode plan to bring together under one roof.”
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