| Contacts: |
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| Ben Holsinger ReleaseNow 650-622-1410 bholsinger@releasenow.com |
--or-- | Felicia Spagnoli Akamai Technologies 617-613-2525 spagnoli@akamai.com |
San Carlos, CA and Cambridge, MA - April 24, 2001 - ReleaseNow Corporation, the leading Web infrastructure services provider for vendors of digital goods, and Akamai Technologies, Inc. (NASDAQ: AKAM), the leading Content Delivery Service Provider (CDSP), today announced an alliance to market and distribute a ReleaseNow-hosted solution incorporating Akamai's Digital Parcel Service (DPS).
Under the agreement, ReleaseNow will offer the benefits of Akamai's unique DPS technology on a hosted basis, providing access to Akamai's globally distributed network and intelligent routing technologies that optimally deliver all forms of Internet content to end users worldwide. ReleaseNow builds, hosts and manages e-commerce solutions that enable one-to-one commerce interactions between digital goods vendors and their customers over the Internet. The addition of Akamai's DPS to ReleaseNow's PowerCommerceTM System enhances ReleaseNow's ability to provide managed downloads of large software files, documents and other digital goods, anywhere in the world, seamlessly.
"The addition of the Akamai Digital Parcel Service to the hosted capabilities of ReleaseNow's PowerCommerce System will allow our customers the bandwidth, reliability and scalability necessary for even the most demanding digital downloads," said Michael Maulick, president and chief executive officer, ReleaseNow Corporation. "Additionally, by making our hosted e-commerce solutions available to all Akamai customers, we will strengthen both companies' offerings in the digital goods space."
"As the Internet continues to grow as a marketplace for digital goods, Akamai is uniquely suited to lend both our technology and expertise for the secure, high-performance delivery of Internet content via the world's largest distributed computing platform," said Chris Turner, vice president, worldwide channel distribution, Akamai. "We're excited to align with ReleaseNow to jointly help businesses better utilize the Internet as a powerful distribution channel for digitized assets."
Akamai's DPS technology will complement ReleaseNow's PowerCommerce System by ensuring that digital goods are strategically placed throughout the Akamai global network to optimize distribution efficiency. In addition, ReleaseNow customers will have full access to real-time reporting and usage statistics through Akamai's Traffic AnalyzerSM and Akamai ReporterSM.
About ReleaseNow
ReleaseNow is a Web infrastructure services provider. The company builds, manages and hosts customized e-business solutions for the marketing, sale and delivery of digital goods. These solutions enable 1:1 commerce-related interactions between vendors and their customers over the Internet. ReleaseNow addresses critical business-to-business e-commerce requirements, including support for electronic license management, electronic delivery options, a state-of-the-art commerce interface and custom portals for key accounts. The company's hosted solutions are complemented by sophisticated e-commerce services, including strategy, e-marketing programs and customer support. ReleaseNow's solutions and services are based on the powerful ReleaseNow PowerCommerce System. The company is headquartered in San Carlos, California, and can be reached at www.releasenow.com.
About Akamai
Akamai is the leading Content Delivery Service Provider, serving thousands of customers worldwide. Akamai has the broadest deployment of servers for content, streaming media, and applications delivery with more than 9,700 servers in 56 countries directly connected within 650 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, general economic conditions, inability to collect amounts owed to Akamai by customers, any material, unexpected increases in Akamai's use of funds, the dependence on Akamai's Internet content delivery service, lack of market acceptance of new services, a failure of Akamai's network infrastructure, and other factors that are discussed in the Company's Annual Report on Form 10-K and other documents periodically filed with the SEC.
