Apple Computer, Inc.
CUPERTINO, California and CAMBRIDGE, Massachusetts -- August 18, 1999 -- Apple Computer and Akamai Technologies today announced further details of their strategic agreement regarding streaming media, as well as revealed an investment by Apple in Akamai.
Announced in late July at Macworld Expo in New York City, the strategic agreement centers on the integration of Apple's QuickTime player and streaming server technology with Akamai's global Internet content delivery service to provide Macintosh and Windows users worldwide with one-click access to high-quality streaming video content. In addition to Akamai's integration of QuickTime servers into its network, Apple has selected Akamai as its exclusive network provider for QuickTime TV (QTV).
To cement the partnership, Apple invested $12.5 million in June in Akamai, for approximately 5% of the shares of the company at the time the investment was made.
"We chose Akamai as the exclusive delivery service for our QuickTime TV network because they have the best, most scalable architecture and proven reliability," said Steve Jobs, Apple's interim CEO. "Together, Apple and Akamai will deliver the highest quality and easiest to use Internet streaming video content available."
"Our relationship with Apple is a major step in delivering high-quality streaming," said George Conrades, Akamai Chairman and CEO. "QuickTime TV offers Internet users a whole new viewing experience and empowers Web sites to create more engaging content."
Apple has used Akamai's global network to deliver copies of QuickTime and Mac OS 8.6 software upgrades as well as the Star Wars: Episode I - Phantom Menace movie trailer to Apple customers around the world. Apple and Akamai have also broadcast two live events: Steve Jobs' recent Macworld Expo keynote and an Apple-sponsored Eurythmics concert.
In an unrelated press release today, Akamai also announced that Cisco Systems has also made an investment in the company.
QuickTime 4 has been downloaded by over 10 million users since it was introduced on April 19, and is the first Internet streaming solution to use non-proprietary industry-standard protocols Real Time Protocol (RTP) and Real Time Streaming Protocol (RTSP). Additionally, as part of Apple's Darwin Open Source initiative, the QuickTime streaming server source code is available to developers at www.apple.com/developer.
Apple Computer, Inc. ignited the personal computer revolution in the 1970s with the Apple II, and reinvented the personal computer in the 1980s with the Macintosh. Apple is now recommitted to its original mission to bring the best personal computing products and support to students, educators, designers, scientists, engineers, businesspersons and consumers in over 140 countries around the world.
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.