Akamai Technologies, Inc. announced on December 13, 2024, that it has completed its acquisition of select assets from Edgio. This transaction includes certain customer contracts from Edgio's content delivery and security businesses, along with non-exclusive license rights to patents in Edgio's portfolio. The U.S. Bankruptcy Court for the District of Delaware approved Akamai's bid on November 26, 2024, following Edgio's 363 bankruptcy auction.
The acquisition does not include Edgio personnel, technology, or assets related to the Edgio network. Akamai can now offer several hundred net new customers a clear path and necessary support to smoothly migrate to Akamai's platform. This migration is intended to occur before Edgio ceases operations of its content delivery network.
The company plans to offer these new customers the opportunity to leverage Akamai's full range of security and cloud solutions, which operate on its globally distributed platform. This move is expected to consolidate Akamai's market position and provide new growth opportunities through an expanded customer base.
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