Akamai to buy Verivue
Nov 14, 2012 (TELECOMWORLDWIRE via COMTEX) --
Akamai Technologies, Inc. (NASDAQ: AKAM) and Verivue said they have signed a definitive agreement for Akamai to acquire Verivue in a cash transaction.
The acquisition is expected to complement Akamai's Aura Network Solutions and accelerate Akamai's time to market in providing a comprehensive, licensed content delivery network solution for network operators.
According to market research firm IDC, network operators worldwide are looking at ways to leverage on-net CDNs to improve the performance of their own digital cable and IPTV premium services and extend their managed multiscreen offerings. Operators can position their on-net CDNs and other network resources as optimized on-ramps that content publishers, OTT content aggregators, application developers, and set-top box vendors can use to reach a critical mass of potential viewers and provide a better end-to-end experience for their end users.1
Founded in 2006, Verivue has approximately 60 employees. The closing of the transaction, which is subject to customary closing conditions, is expected to occur by the end of 2012.
Headquartered in Westford, MA, Verivue, Inc. develops and markets high-performance IP platforms that enable network operators to distribute, deliver and control enormous amounts of IP-based media traffic across a growing and diverse number of end devices. The company's website is at www.verivue.com.
Akamai is a leading cloud platform for helping enterprises provide secure, high-performing user experiences on any device, anywhere. The company's website is at www.akamai.com.
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