Akamai Technologies acquired Asavie Technologies for $155.0 million, a transaction completed in October 2020, structured as all cash.
Asavie Technologies operates in Edge / IoT & Mobility, is based in Dublin, Ireland. 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.)
Extended Akamai's security and edge services to mobile and IoT connectivity.
Added managed mobile/IoT connectivity to Akamai's edge and security portfolio. Akamai security / edge portfolio
Advisory firms were not disclosed for this transaction.