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…
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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.
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Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.
He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.
