- Akamai (AKAM) has acquired Velocius Networks, an Indian developer of technology that improves quality-of-service for enterprise app traffic. Terms are undisclosed. (PR)
- Akamai declares Velocius' technology will allow it to "offer enterprise-class service levels for customers accessing IP applications over the Internet," and will complement its efforts to provide traffic optimization services for remote/branch-office enterprise users; the company calls this effort its "hybrid cloud optimization strategy."
- Enterprise CDN services are a relatively high-margin business for Akamai, and one the company has shown a clear interest in growing in recent years. The company is looking to profit rising business demand for both remote app/file access and cloud services.
- Following a few notable acquisitions in 2012, Akamai had been pretty quiet on the M&A front in 2013 until now.
Akamai buys startup to bolster enterprise CDN efforts
Nov 11 2013, 08:14 ET