
Akamai Acquires Data Processing Provider Concord Systems
Akamai Technologies, Inc. (NASDAQ: AKAM) announced today that it has acquired Concord Systems, Inc., a provider of technology for the high performance processing of data at scale, in an all cash transaction. The acquisition is expected to complement Akamai’s existing platform data processing capabilities and augment the Company’s product roadmap for supporting customers leveraging Internet of Things (IoT) technologies.
Data collection and processing from many sources back to an origin requires scale and reliability across the Internet. Concord software provides a unique framework for data aggregation, filtering, and analysis of highly-distributed big data use cases.
“Concord brings a fresh, innovative and modern approach to some of the challenges and hard problems related to processing big data,” said Ash Kulkarni, senior vice president of Akamai’s Web Experience Division. “Their team has developed critical software that enables the dynamic deployment of customer logic at scale. Together, their expertise will be a strong complement to Akamai, and we believe their technology is applicable across a number of different use cases.”
Concord Systems, headquartered in New York City and established in 2014, is a privately-funded company. The acquisition is not material to Akamai's financials.
About Akamai®
As the global leader in Content Delivery Network (CDN) services, Akamai makes the Internet fast, reliable and secure for its customers. The company's advanced web performance, mobile performance, cloud security and media delivery solutions are revolutionizing how businesses optimize consumer, enterprise and entertainment experiences for any device, anywhere. To learn how Akamai solutions and its team of Internet experts are helping businesses move faster forward, please visit www.akamai.com or blogs.akamai.com, and follow @Akamai on Twitter.
About Akamai
Akamai powers and protects life online. Leading companies worldwide choose Akamai to build, deliver, and secure their digital experiences — helping billions of people live, work, and play every day. With the world’s most distributed compute platform — from cloud to edge — we make it easy for customers to develop and run applications, while we keep experiences closer to users and threats farther away. Learn more about Akamai’s security, compute, and delivery solutions at akamai.com and akamai.com/blog, or follow Akamai Technologies on Twitter and LinkedIn.