Akamai to Expand Headquarters in Cambridge to Accommodate Continued Business Growth
Akamai Technologies, Inc. (NASDAQ: AKAM), the leading global service provider for accelerating content and applications online, today announced the Company has finalized a lease agreement with Boston Properties Inc. to expand its corporate headquarters at Eight Cambridge Center in Cambridge, Massachusetts, as well as to occupy four floors in a nearby building. As of June 1, 2009, Akamai will occupy all of the property at Eight Cambridge Center, as well as four floors at Four Cambridge Center, for a total of over 250,000 square feet. The agreement represents an expansion of over 110,000 square feet from its current lease holdings in Cambridge.
"This is extremely exciting news, and speaks to the significant growth that Akamai has achieved since its inception," said Skip Hartwell, vice president of Corporate Services, Akamai. "We have experienced great benefit from being a part of the Cambridge community, and from doing business from within Massachusetts. As we continue to pioneer innovative Internet technologies, we are demonstrating growth on all levels, and look forward to expanding our global headquarters here in Cambridge for the benefit of our employees, customers, and shareholders."
"We are thrilled to be keeping one of the world's most influential technology companies in our portfolio," stated David Provost, senior vice president for Boston Properties. "Cambridge Center continues to be a cluster of leading edge companies and the retention and expansion of Akamai is further proof that it is truly the epicenter for research and innovation."
Akamai has been headquartered in Cambridge since it was founded in 1998. As the leader in accelerating Web content and applications for companies around the world, Akamai's headquarters features a state-of-the art Network Operations Command Center that provides a unique view of the real-time conditions of the Internet.
Akamai was represented by real estate brokers Debra Gould and John Osten of Jones Lang LaSalle.
About Boston Properties
Boston Properties is a fully integrated, self-administered and self- managed real estate investment trust that develops, redevelops, acquires, manages, operates, and owns a diverse portfolio of Class-A office properties that also includes one hotel. The Company is one of the largest owners and developers of Class-A office properties in the United States, concentrated in five select markets - Boston, Midtown Manhattan, Washington, D.C., San Francisco, and Princeton, N.J. Visit the Company's web site at www.bostonproperties.com.
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.
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.