Paul Sagan Appointed Chief Operating Officer of Akamai Technologies, Inc.
Mr. Sagan, who helped to found and launch Road Runner, the high-speed cable online service, and Pathfinder, one of the first sites that pioneered Internet advertising, is the former President of Time Inc. New Media. As Chief Operating Officer, Mr. Sagan will be responsible for managing Akamai's daily operations and shaping the company's long term business objectives and strategies.
Most recently, Mr. Sagan was Senior Advisor to the World Economic Forum, consulting on Internet and information technology issues to the Geneva-based organization whose members include the world's 1,000 foremost multinational corporations.
Founded earlier this year by a leading group of MIT scientists and Internet business professionals, Akamai has deployed the world's largest fault-tolerant network for distributing web content. The company's FreeFlowSM service is used to speed up the delivery of richer web pages, and allows content providers with large audiences to serve them reliably and economically from servers located close to end users. Akamai is currently beta-testing FreeFlow with some of the largest sites on the Internet, including five of the world's most-visited websites. The company's beta-test began this month with a deployment of hundreds of proprietary content distribution servers.
"Akamai's breakthrough technology will change the way content is hosted on the Internet," Mr. Sagan said. "To date, the world's most global medium, the Web, is the most inefficiently distributed. FreeFlow changes that by moving content closer to the user, benefiting both Internet content producers and their growing audiences. I am honored to be part of an enterprise with such a promising future."
In 1996 the World Economic Forum named Mr. Sagan a Global Leader for Tomorrow, making him one of 100 young persons recognized annually by the Forum for outstanding contributions to society. A three-time Emmy Award winner, Mr. Sagan is a Director of four technology companies, including FutureTense, Inc., HSX Holdings, Inc., HotOffice Technologies, Inc., and Medialink Worldwide, Inc.
"With Paul's impressive experience in leading visionary technology companies, he brings to Akamai an extraordinary depth of management experience," says Todd Dagres, General Partner at Battery Investors, who along with Polaris Ventures Partners and private investors recently contributed more than $8-million for Akamai's first round financing.
In 1993, Mr. Sagan became Managing Editor of News on Demand for Time Inc., part of a team responsible for the development of the Time Warner's online, cable online, electronic publishing and Internet publishing activities. In 1995, he was named President and Editor of Time Inc. New Media, and was instrumental in the development of Road Runner and Pathfinder.
Mr. Sagan's career began in broadcast news and has grown exponentially with the convergence of the media and information industries. In 1987 he was named Director of News at WCBS-TV, at age 28 the youngest person to hold the position in the network's history.
Mr. Sagan joined Time Warner in 1991 to design and launch NY 1 News, the cable news network based in New York City. The most successful regional news channel in the nation, NY 1 became known for its groundbreaking use of digital video technology and video journalists. Mr. Sagan then participated in the creation of a corporate group that developed and launched three similar owned-and-operated cable news channels in Upstate New York and Florida.
Akamai Technologies - www.akamai.com -- is headquartered in Cambridge, Mass., with additional offices in Los Angeles. Akamai (pronounced Ah'kah'my) is Hawaiian for intelligent, clever and cool. Akamai Technologies, Inc. Serving Webkind. IntelligentlySM.
About Akamai
Akamai Technologies is headquartered in Cambridge, Massachusetts and has offices in San Mateo and Cupertino, California, and Europe. Akamai is the leader in distributed content, streaming media, and applications delivery, serving over 225 of the Web's most popular properties including over 100 leading e-commerce companies. Akamai has deployed the broadest global network for content, streaming media, and applications delivery with more than 2000 servers in over 40 countries directly connected to more than 100 different telecommunications networks. Akamai (pronounced AH kuh my) is Hawaiian for intelligent, clever and cool.
| Contacts: |
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| Marco Greenberg NYPR 212-367-9600 marco@nypr.com |
--or-- | Lisa Bradlow NYPR 212-367-9600 lisa@nypr.com |
Founder of Road Runner and NY 1 News, and Former President of Time Inc. New Media, Joins Company Dev
CAMBRIDGE, MA -- Jan. 21, 1999 -- Akamai Technologies, Inc. announced today it has named Paul Sagan to the position of Chief Operating Officer.Mr. Sagan, who helped to found and launch Road Runner, the high-speed cable online service, and Pathfinder, one of the first sites that pioneered Internet advertising, is the former President of Time Inc. New Media. As Chief Operating Officer, Mr. Sagan will be responsible for managing Akamai's daily operations and shaping the company's long term business objectives and strategies.
Most recently, Mr. Sagan was Senior Advisor to the World Economic Forum, consulting on Internet and information technology issues to the Geneva-based organization whose members include the world's 1,000 foremost multinational corporations.
Founded earlier this year by a leading group of MIT scientists and Internet business professionals, Akamai has deployed the world's largest fault-tolerant network for distributing web content. The company's FreeFlowSM service is used to speed up the delivery of richer web pages, and allows content providers with large audiences to serve them reliably and economically from servers located close to end users. Akamai is currently beta-testing FreeFlow with some of the largest sites on the Internet, including five of the world's most-visited websites. The company's beta-test began this month with a deployment of hundreds of proprietary content distribution servers.
"Akamai's breakthrough technology will change the way content is hosted on the Internet," Mr. Sagan said. "To date, the world's most global medium, the Web, is the most inefficiently distributed. FreeFlow changes that by moving content closer to the user, benefiting both Internet content producers and their growing audiences. I am honored to be part of an enterprise with such a promising future."
In 1996 the World Economic Forum named Mr. Sagan a Global Leader for Tomorrow, making him one of 100 young persons recognized annually by the Forum for outstanding contributions to society. A three-time Emmy Award winner, Mr. Sagan is a Director of four technology companies, including FutureTense, Inc., HSX Holdings, Inc., HotOffice Technologies, Inc., and Medialink Worldwide, Inc.
"With Paul's impressive experience in leading visionary technology companies, he brings to Akamai an extraordinary depth of management experience," says Todd Dagres, General Partner at Battery Investors, who along with Polaris Ventures Partners and private investors recently contributed more than $8-million for Akamai's first round financing.
In 1993, Mr. Sagan became Managing Editor of News on Demand for Time Inc., part of a team responsible for the development of the Time Warner's online, cable online, electronic publishing and Internet publishing activities. In 1995, he was named President and Editor of Time Inc. New Media, and was instrumental in the development of Road Runner and Pathfinder.
Mr. Sagan's career began in broadcast news and has grown exponentially with the convergence of the media and information industries. In 1987 he was named Director of News at WCBS-TV, at age 28 the youngest person to hold the position in the network's history.
Mr. Sagan joined Time Warner in 1991 to design and launch NY 1 News, the cable news network based in New York City. The most successful regional news channel in the nation, NY 1 became known for its groundbreaking use of digital video technology and video journalists. Mr. Sagan then participated in the creation of a corporate group that developed and launched three similar owned-and-operated cable news channels in Upstate New York and Florida.
Akamai Technologies - www.akamai.com -- is headquartered in Cambridge, Mass., with additional offices in Los Angeles. Akamai (pronounced Ah'kah'my) is Hawaiian for intelligent, clever and cool. Akamai Technologies, Inc. Serving Webkind. IntelligentlySM.
About Akamai
Akamai Technologies is headquartered in Cambridge, Massachusetts and has offices in San Mateo and Cupertino, California, and Europe. Akamai is the leader in distributed content, streaming media, and applications delivery, serving over 225 of the Web's most popular properties including over 100 leading e-commerce companies. Akamai has deployed the broadest global network for content, streaming media, and applications delivery with more than 2000 servers in over 40 countries directly connected to more than 100 different telecommunications networks. Akamai (pronounced AH kuh my) is Hawaiian for intelligent, clever and cool.
