Akamai Celebrates 10 Years of Powering a Better Internet
Akamai Technologies, Inc. (NASDAQ: AKAM), the leader in powering rich media, dynamic transactions and enterprise applications online, today announced that 2008 marks its 10th year as a business.
Born out of an academic research project at MIT, Akamai's early focus on providing services to allow Web sites to handle ever-larger audiences set in motion an Internet revolution. Akamai's proprietary technology, based on years of software development, ensured that a Web site could always deliver the intended end-user experience quickly and reliably irrespective of audience size or location. The result was an unparalleled solution for providing guaranteed business performance on the Internet.
Since its start in 1998, Akamai has grown from a research "big idea" into one of the world's most successful technology companies, with 2007 revenue of more than $630 million, consistent profitability, and inclusion in the S&P 500 since last year. With more than 1,300 employees in locations around the globe, Akamai is committed to innovation in technology and service.
Today, Akamai serves:
hundreds of billions of daily Internet requests
an average of 20 percent of total daily Web traffic
75 of the top 100 U.S. online retail companies
nine of the top ten global auto makers
the leading media companies around the world
seven of the top ten social media networks
the top five anti-virus companies
e-commerce sites that are generating a total of over $65 billion dollars in annual revenue
thousands of mission-critical business applications for enterprises and SaaS providers that have users located in nearly 150 countries
"We have stayed true to the original vision of Akamai's founders, who set out to change the Internet forever, and they did just that," said Paul Sagan, president and chief executive officer of Akamai. "Akamai built the world's largest distributed, highly-redundant system for massive parallel computing, and every day it supports the online business of thousands of the world's leading brands, across most major industries. Our approach remains highly differentiated, as Akamai provides the only end-to-end managed service for powering rich media, dynamic transactions, and Web- and IP-based applications."
To recognize the milestone of achieving a decade of innovation, Akamai released a unique look back at the events that have helped to shape the Internet and the Company's place in that revolution ( www.akamai.com/netrospective).
Over 10 years, Akamai's services have been instrumental to the success of online business models across many markets, including commerce, media and entertainment, high technology, business-to-business services, and the public sector.
Akamai remains differentiated by:
providing a scalable and reliable distribution platform, with hundreds of online businesses being added each year
accelerating dynamic Web transactions and Web 2.0 technologies such as AJAX, Flex®, as well as Web Services
serving as the only Payment Card Industry (PCI)-compliant Web site acceleration service
supporting today's largest live streaming events across all formats
providing technology for the successful delivery of High Definition video and the optimization of large-files
enabling content owners to apply business rules to live streaming, on-demand, or downloadable content so they can manage all aspects of rich media usage including syndication, content monetization, personalization, rights management, and video quality
extending its global, pervasive network of 'edge' servers into custom environments
allowing enterprises to improve the performance and availability of both Web- and IP-based applications used by employees, partners, and customers
providing a rich set of analytics and insight for customers to maximize business return
It is this difference — The Akamai Difference — that is powering the online business models of today's leading brands.
"Thank you, Akamai, for your various services that enable high performance on the Internet, and congratulations on your 10th anniversary. The Akamai technology does justice to the Audi slogan ‘Vorsprung durch Technik,'" said Christian Reim, ebusiness project manager, AUDI AG. "The Akamai services are essential in helping us realize significant cost advantages, deliver best application and online performance, and thus enabling us to strengthen our lead in the very competitive automotive sector. With Akamai we can easily expand our web presence internationally while continuing to build the global Audi brand."
"Congratulations to this veritable pioneer of the online age! Ten years of Akamai stand for ten years of making the Internet business-ready," underlined Jan Toul, IT Director at AVG Technologies (formerly Grisoft). "Akamai really has moved Electronic Software Delivery to the next level. Especially in the Internet Security Software business, we need to guarantee a quick and reliable delivery of our updates to be able to react fast to new virus risks and offer our customers best in class protection. With Akamai we can provide our customers with 24/7 security in real time, fast downloads and easy installations."
"Being a customer of Akamai and a member of the company's customer advisory board, we are very proud of what Akamai has accomplished so far and are very excited to celebrate the company's 10th-year anniversary," said Steve Trimbo, Director, Online Operations, Best Buy. "Akamai has become a leader in powering the online world and providing the best-of-breed technologies for the eCommerce industry, and as the eCommerce industry continues to evolve, we continue to look at Akamai to be at the forefront of the industry and bring innovative solutions to retailers who are looking to accelerate their site performance and increase sales revenues."
"Congratulations on this business milestone and for reshaping the Internet for business," said John Usherwood, eChannel Commercial Manager, Caterpillar. "Your managed service approach to application delivery has served as a great asset to Caterpillar, enabling us to confidently move the configuration of industrial power generators and used equipment sales online, resulting in improved satisfaction from our worldwide dealer network."
"QVC is one of the largest multimedia retailers in the world, and the Internet has proven to be a vital channel for us to better reach our global customer base," said John Sullivan, Executive Vice President and Chief Information Officer, QVC. "Akamai is at the heart of our Internet strategy that includes the delivery of a superior experience for our online customers, while enabling us to expand our global audience, generate additional repeat purchases and increase our bottom line revenues. Congratulations Akamai on your 10 years of providing world-class services. We look forward to furthering our relationship, and to leverage Akamai's innovative transaction acceleration solutions for the retail industry."
"Happy anniversary Akamai! On behalf of the Rugby Football Union, I'd like to add my congratulations on reaching your tenth anniversary," said Kate Saunders, Digital Media Manager of England's Rugby Football Union (RFU). "Having been very pleased with the service we received from you, especially throughout last year's Rugby World Cup, your success comes as no surprise to us. Thanks to your technical support, England's on-pitch achievement in reaching the 2007 Rugby World Cup final was backed up by a website that helped over 2.1 million England fans support the team, through rapid and reliable content delivery."
"The entire sporting industry has undergone a very positive overhaul in the past 10 years as a result of the Internet," said Peter Scott, Turner Sports executive director of digital partnerships. "With a technology partner such as Akamai, Turner Sports has been able to quickly innovate, enhance our ability to interact with our fans and bring the experience of sports online to a whole new level. Akamai has allowed us to pioneer how sports and sporting events can be watched, enjoyed and consumed online. The Internet continues to revolutionize our lives and we congratulate Akamai on its impact on this revolution."
"Akamai has demonstrated to retailers over the past 10 years the business value of having a solution for accelerating dynamic content and e-commerce transactions. We congratulate Akamai on reaching this anniversary milestone, and for all their contributions to the online retail industry," said Keary McNew, IT Engineering, Urban Outfitters. "The relationship Urban Outfitters has with Akamai is very strategic, allowing us to focus on our core business, build customer loyalty, and generate higher revenues. We look to Akamai to continue to help us accelerate transactions quickly and reliably."
*Akamai's First Annual Global Customer Conference
Akamai customers are invited to take part in the Company's first annual gathering of Akamai users from around the globe to discuss best practices and industry trends that impact the world of online business. The meeting will take place August 18-20, 2008 in Boston at the Renaissance Waterfront Hotel.
The Akamai Difference
Akamai® provides market-leading managed services for powering rich media, dynamic transactions, and enterprise applications online. Having pioneered the content delivery market one decade ago, Akamai's services have been adopted by the world's most recognized brands across diverse industries. The alternative to centralized Web infrastructure, Akamai's global network of tens of thousands of distributed servers provides the scale, reliability, insight and performance for businesses to succeed online. An S&P 500 and NASDAQ 100 company, Akamai has transformed the Internet into a more viable place to inform, entertain, interact, and collaborate. To experience The Akamai Difference, visit www.akamai.com.
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 effects of any attempts to intentionally disrupt our services or network by unauthorized users or others, failure to have available sufficient transmission capacity, a failure of Akamai's network infrastructure, and other factors that are discussed in the Company's Annual Report on Form 10-K, quarterly reports on Form 10-Q, and other documents periodically filed with the SEC.