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Mass High Tech, ACG Boston Names Akamai A Top Tech Dealmaker For 2007
Mass High Tech newspaper and the Association for Corporate Growth Boston (ACG) named Akamai Technologies, Inc. (NASDAQ: AKAM) as the 2007 top Software/Services M&A Buy Side Dealmaker at the 2007 Tech Dealmaker Awards held on December 5 th as part of the ACG Boston Tech Conference. This is the first year for these awards that honor and recognize the most interesting, most complex and largest financial transactions involving New England-based high tech companies. Akamai and other winners are featured in the December 7 th Mass High Tech special supplement.
"We're honored to be recognized for the disciplined approach we took to the acquisition of Netli," said Robert Wood, vice president of business development, Akamai. "We've been able to successfully integrate the great people and technology that they developed to realize true synergies. By combining Netli's high performance communications protocol with Akamai's massive global scale and unique capabilities to route Internet traffic around points of congestion, Akamai is providing businesses the most comprehensive and effective managed services for accelerating online applications."
"Massachusetts and New England is fast becoming the hub of the innovation economy and innovative approaches to business like those practiced by our Top Dealmakers will keep the region a leader in the high tech field," said Mike Olivieri, publisher of Mass High Tech. A panel of independent judges evaluated the most interesting life science and technology mergers and acquisition deals, initial public offerings and financial restructuring transactions from June 30, 2006 through June 30, 2007. To qualify for entry into the awards, at least one of the companies involved in the transaction must be New England- based and the deals must be at least $5 million in value.
"As the challenges of the high tech and life science industries change every day, it is companies like those represented by our winners that will be able to adapt and keep this industry fresh, competitive and a vital part of our economy," said Gail Long, CEO of the Association for Corporate Growth Boston.
The 2007 Tech Dealmaker Awards are part of the ACG Boston 2007 Tech Conference that took place at the Sheraton Boston on December 5th. This year, ACG Boston's Annual Tech Conference featured panels on the Anatomy of a Tech Deal, DealSource, and Networking and speakers from the high tech and financial industries.
Akamai® is the leading global service provider for accelerating content and applications online. Thousands of organizations have formed trusted relationships with Akamai, improving their revenue and reducing costs by maximizing the performance of their online businesses. Leveraging the Akamai EdgePlatform, these organizations gain business advantage today, and have the foundation for the emerging Web solutions of tomorrow. Akamai is "The Trusted Choice for Online Business." For more information, visit www.akamai.com.