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September, 2012

Akamai Technologies snaps up FastSoft


Cambridge software company Akamai Technologies, Inc. (NASDAQ: AKAM), announced this week it acquired FastSoft of Pasadena , Calif., in an undisclosed cash transaction. 
The acquisition of FastSoft, a provider of content acceleration software, is expected to optimize Akamai’s server capacity, deliver higher throughput for video and bring greater efficiency to its global platform, according to the company.

In a statement, Bill Wheaton, senior vice president and general manager, Media Division at Akamai said FastSoft will be a strong complement to Akamai.

“(FastSoft’s) development team possesses extensive experience in advanced TCP technology that we believe can enhance the delivery of rich media, as well as support future initiatives in the areas of mobile applications and cloud performance,” Wheaton said in a release.

“Our content acceleration technology is used by some of the largest companies on the Internet,” said Ed Snyder, CEO of FastSoft. “We are excited to join forces with Akamai in helping to make the Internet as fast as possible.”

The acquisition comes on the heals of the company’s recent appointment of former Novell executive, Jim Ebzery, to the helm serving as Akamai’s senior vice president and general manager of the Americas 

In an interview with Mass High Tech in July, Ebzery said, moving forward, Akamai would focus on expanding the Americas business and the “fast growing environment in Cambridge and worldwide.”  FastSoft, founded in 2006, is the first acquisition since Ebzery’s appointment.

The company release also states the acquisition is not expected to have a material impact on Akamai’s financials and the FastSoft team of a few dozen employees, will be integrated into Akamai’s engineering group, establishing a Center of Excellence in Pasadena, California.

Akamai has more than 2,600 employees around the globe with a few hundred current job openings.

Source: http://www.masshightech.com/stories/2012/09/10/daily44-Akamai-Technologies-snaps-up-FastSoft.html
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