Akamai acquisition history

Prolexic, a privately held DDoS-mitigation provider based in Hollywood, Florida, ran cloud-based scrubbing centers that detect and absorb distributed denial-of-service attacks aimed at data centers and enterprise IP applications. Akamai announced the deal on December 2, 2013 and completed it on February 18, 2014; the closing 8-K reported net cash consideration of about $337.1 million after adjustments against the roughly $370 million announced price.

With our acquisition of Prolexic now complete, we are excited to extend the value of our combined teams and offerings to online businesses across all industries. Our focus is to optimize and secure the 'entire IP experience,' Web or otherwise, and to provide an unparalleled layer of protection against the most sophisticated of attacks without sacrificing site or application performance.Tom Leighton — CEO, Akamai Technologies

Janrain provided customer identity and access management (CIAM) software. Akamai acquired the company in January 2019 for $123.6 million in cash and folded the technology into its Intelligent Edge Platform to add identity-management capabilities. (Value disclosed in Akamai's FY2021 Form 10-K, Note 8 - Acquisitions.)

Asavie, a privately funded company headquartered in Dublin, Ireland, operated a global platform for managing the security, performance and access policies of mobile and IoT devices. Akamai acquired all of Asavie's outstanding equity in October 2020 for $155.0 million in cash. (Value disclosed in Akamai's FY2022 Form 10-K, Note 8 - Acquisitions.)

Guardicore, based in Tel Aviv, Israel, built a micro-segmentation platform that limits internal network communication to only authorized application flows, reducing the spread of malware and ransomware across the data center and cloud. Akamai announced the deal on September 29, 2021 at approximately $600 million; its FY2021/FY2022 Form 10-K reported final consideration of about $610.7 million in cash. The technology now underpins the Akamai Guardicore Platform.

By adding Guardicore's leading micro-segmentation products to Akamai's comprehensive portfolio of Zero Trust solutions, we believe Akamai will be able to provide the most effective way to combat ransomware on the market today.Tom Leighton — CEO and co-founder, Akamai Technologies

Guardicore's mission is to protect enterprises from damage caused by breaches, like ransomware, while safeguarding the critical assets at the heart of the network.Pavel Gurvich — co-founder and CEO, Guardicore

Linode, a developer-focused infrastructure-as-a-service (IaaS) provider founded in 2002 by Christopher Aker, offered simple, affordable cloud compute. Akamai announced the acquisition on February 15, 2022 for approximately $900 million net of cash acquired and completed it in March 2022; the FY2022 Form 10-K reported final consideration of about $898.5 million in cash. The deal launched Akamai's expansion from edge delivery into full cloud computing.

The opportunity to combine Linode's developer-friendly cloud computing capabilities with Akamai's market-leading edge platform and security services is transformational for Akamai.Dr. Tom Leighton — CEO and co-founder, Akamai Technologies

We started Linode 19 years ago to make the power of the cloud easier and more accessible. Solving those challenges requires tremendous integration and scale which Akamai and Linode plan to bring together under one roof.Christopher Aker — founder and CEO, Linode

StorageOS, Inc., known as Ondat, was a cloud-based storage-technology provider. Akamai acquired it in March 2023 for $20.6 million in cash to strengthen the storage layer of its growing compute offering. (Value disclosed in Akamai's FY2024 Form 10-K, Note 8 - Acquisitions.)

Neosec, Inc. provided an API-security platform that discovers and audits APIs and monitors API activity using data and behavioral analytics to detect threats and abuse. Akamai acquired all of Neosec's equity in May 2023 for $91.4 million and used it to launch its API Security offering. (Value disclosed in Akamai's FY2024 Form 10-K, Note 8 - Acquisitions.)

Noname Security (Noname Gate Ltd.) was one of the top API-security vendors, offering discovery, posture management and runtime protection for APIs. Akamai completed the acquisition in June 2024 for $452.3 million, its largest security deal since Guardicore, enhancing the Akamai API Security solution amid surging enterprise API usage. (Value disclosed in Akamai's FY2024 Form 10-K.)

In August 2023 Akamai acquired certain customer contracts from StackPath, LLC, a content-delivery-network operator, for approximately $51.2 million. Substantially all of the purchase price related to the acquired customer relationships, which Akamai transitioned onto its own delivery platform. (Value disclosed in Akamai's FY2024 Form 10-K, Asset Acquisitions.)

In October 2023 Akamai acquired certain content-delivery customer contracts from Lumen Technologies, Inc. for approximately $79.7 million as Lumen wound down its CDN business. Substantially all of the purchase price related to the acquired customer relationships, transitioned to Akamai's platform. (Value disclosed in Akamai's FY2024 Form 10-K, Asset Acquisitions.)

In December 2024 Akamai acquired certain customer contracts from Edgio (the former Limelight Networks/Edgecast CDN) for an estimated $158.2 million, subject to post-closing adjustments, after Edgio's bankruptcy. Substantially all of the purchase price related to the acquired customer relationships, which Akamai moved onto its delivery platform. (Value disclosed in Akamai's FY2024 Form 10-K, Asset Acquisitions.)