Investing

Akamai Buys More Speed (AKAM)

Akamai Technology Inc. (NASDAQ: AKAM) has acquired Canadian firm Blaze Software Inc. for an unspecified amount of cash. In its announcement, Akamai said:

The acquisition is expected to complement Akamai’s market-leading site acceleration solutions with technology designed to optimize the speed at which a web page is rendered, regardless of end user device.

Blaze’s product “automatically optimize[s] the code on a web page during the delivery process to ensure faster transmission of content and a faster rendering of the page, whether served to a PC, tablet or smartphone.”

Akamai shares are up about 2.4% at $34.46 in the first 10 minutes of trading this morning, in a 52-week range of $18.25-$49.38.