Akamai and SiteSmith Enter into Strategic Alliance
CAMBRIDGE, Mass. and SANTA CLARA, Calif., January 9, 2001 - Akamai Technologies, Inc. (NASDAQ: AKAM), the leading Content Delivery Service Provider (CDSP), and SiteSmith, Inc., a leading provider of comprehensive Internet infrastructure managed services, today announced that SiteSmith will add Akamai's comprehensive global Internet content delivery services to its Internet infrastructure service offering.
The strategic relationship between the two companies enables SiteSmith to provide its existing, as well as prospective customers, access to Akamai's end-to-end solutions for enhancing Web performance. Akamai's services allow e-businesses to leverage infrastructure investments while reaping the benefits of rapid, reliable content delivery, high-quality streaming media delivery, advanced global traffic management, Web usage reporting, and other value-added Web performance services.
As a leader in providing Internet infrastructure managed services, SiteSmith becomes an important channel for Akamai. Akamai selected SiteSmith for this strategic relationship because of SiteSmith's strong customer base and capabilities for developing and managing complex Internet sites.
"SiteSmith is representative of the kind of company in which Akamai is interested in working -- one which excels in the managed services market," said Bob Hughes, director of channel sales and programs, Akamai. "Akamai and SiteSmith provide complementary technologies for leading businesses throughout the world, and we are excited to work aggressively together to offer optimized solutions that combine content delivery with managed service capabilities."
"SiteSmith is committed to partnering with industry leaders that are dedicated to simplifying the complexity of utilizing the Internet for mission critical applications," said Frank Slattery, vice president of business development and general counsel. "Together, SiteSmith and Akamai provide customers with highly available and reliable Internet sites on a 24x7 basis."
In addition to SiteSmith providing customers a joint offering of both company's technologies, Akamai and SiteSmith are also mutual customers of each other. Akamai selected SiteSmith to help build Akamai's network infrastructure by providing effective rapid deployment of servers at various data centers throughout the U.S. SiteSmith has also taken advantage of Akamai's FreeFlowSM service for the delivery of rich, engaging content for its own site, www.sitesmith.com.
About SiteSmith
Founded in October 1999, SiteSmith is the leading provider of comprehensive Internet infrastructure managed services. The company develops and manages large-scale, complex Internet sites for Global 2000 companies to ensure performance, reliability, security and scalability. SiteSmith provides the technology and services to automate the critical elements of Internet site infrastructure including security, 24x7 monitoring, network redundancy and backup. Headquartered in Santa Clara, California, SiteSmith has fifteen offices worldwide. Information about SiteSmith and its services is available on the World Wide Web at www.sitesmith.com or by calling 888-424-0059 or 408-987-6400.
SiteSmith has entered into an agreement to be acquired by Metromedia Fiber Network, Inc. The transaction is expected to close in early 2001, subject to regulatory approval and other customary conditions.
About Akamai
Akamai is the leading Content Delivery Service Provider, serving over 2,800 customers worldwide. Akamai has the broadest deployment of servers for content, streaming media, and applications delivery with more than 8,000 servers in 54 countries directly connected within more than 460 different telecommunications networks.
Akamai Statement Under the Private Securities Litigation Reform Act
The release contains information about future expectations, plans and prospects of Akamai's management that constitute forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those indicated by these forward-looking statements as a result of various important factors including, but not limited to, the dependence on Akamai's Internet content delivery service, a failure of its network infrastructure, the complexity of its service and the networks on which the service is deployed, the failure to obtain access to transmission capacity and other factors that are discussed in the Company's Annual Report on Form 10-K and other documents periodically filed with the SEC.
| Contacts: |
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| Jeff Young Akamai Technologies 617-250-3913 jyoung@akamai.com |
--or-- | Rachel Albert SiteSmith 408-327-6942 pr@sitesmith.com |
CAMBRIDGE, Mass. and SANTA CLARA, Calif., January 9, 2001 - Akamai Technologies, Inc. (NASDAQ: AKAM), the leading Content Delivery Service Provider (CDSP), and SiteSmith, Inc., a leading provider of comprehensive Internet infrastructure managed services, today announced that SiteSmith will add Akamai's comprehensive global Internet content delivery services to its Internet infrastructure service offering.
The strategic relationship between the two companies enables SiteSmith to provide its existing, as well as prospective customers, access to Akamai's end-to-end solutions for enhancing Web performance. Akamai's services allow e-businesses to leverage infrastructure investments while reaping the benefits of rapid, reliable content delivery, high-quality streaming media delivery, advanced global traffic management, Web usage reporting, and other value-added Web performance services.
As a leader in providing Internet infrastructure managed services, SiteSmith becomes an important channel for Akamai. Akamai selected SiteSmith for this strategic relationship because of SiteSmith's strong customer base and capabilities for developing and managing complex Internet sites.
"SiteSmith is representative of the kind of company in which Akamai is interested in working -- one which excels in the managed services market," said Bob Hughes, director of channel sales and programs, Akamai. "Akamai and SiteSmith provide complementary technologies for leading businesses throughout the world, and we are excited to work aggressively together to offer optimized solutions that combine content delivery with managed service capabilities."
"SiteSmith is committed to partnering with industry leaders that are dedicated to simplifying the complexity of utilizing the Internet for mission critical applications," said Frank Slattery, vice president of business development and general counsel. "Together, SiteSmith and Akamai provide customers with highly available and reliable Internet sites on a 24x7 basis."
In addition to SiteSmith providing customers a joint offering of both company's technologies, Akamai and SiteSmith are also mutual customers of each other. Akamai selected SiteSmith to help build Akamai's network infrastructure by providing effective rapid deployment of servers at various data centers throughout the U.S. SiteSmith has also taken advantage of Akamai's FreeFlowSM service for the delivery of rich, engaging content for its own site, www.sitesmith.com.
About SiteSmith
Founded in October 1999, SiteSmith is the leading provider of comprehensive Internet infrastructure managed services. The company develops and manages large-scale, complex Internet sites for Global 2000 companies to ensure performance, reliability, security and scalability. SiteSmith provides the technology and services to automate the critical elements of Internet site infrastructure including security, 24x7 monitoring, network redundancy and backup. Headquartered in Santa Clara, California, SiteSmith has fifteen offices worldwide. Information about SiteSmith and its services is available on the World Wide Web at www.sitesmith.com or by calling 888-424-0059 or 408-987-6400.
SiteSmith has entered into an agreement to be acquired by Metromedia Fiber Network, Inc. The transaction is expected to close in early 2001, subject to regulatory approval and other customary conditions.
About Akamai
Akamai is the leading Content Delivery Service Provider, serving over 2,800 customers worldwide. Akamai has the broadest deployment of servers for content, streaming media, and applications delivery with more than 8,000 servers in 54 countries directly connected within more than 460 different telecommunications networks.
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Akamai Statement Under the Private Securities Litigation Reform Act
The release contains information about future expectations, plans and prospects of Akamai's management that constitute forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those indicated by these forward-looking statements as a result of various important factors including, but not limited to, the dependence on Akamai's Internet content delivery service, a failure of its network infrastructure, the complexity of its service and the networks on which the service is deployed, the failure to obtain access to transmission capacity and other factors that are discussed in the Company's Annual Report on Form 10-K and other documents periodically filed with the SEC.
