Mergers & Acquisitions
Dec. 23, 2011
Akamai buys Contendo for $268 million
Massachusetts-based Akamai Technologies Inc. agreed to buy Sunnyvale-based Contendo Inc. for $268 million in cash deal announced Thursday.
Daily Journal Staff Writer
PALO ALTO - Massachusetts-based Akamai Technologies Inc. agreed to buy Sunnyvale-based Contendo Inc. for $268 million in a cash deal announced Thursday.
Akamai helps speed up content delivery on the Internet, and Contendo offers a similar service through cloud-based technology. Contendo also has a large presence in Israel, where it owns a technology center.
Akamai CEO Paul Sagan said in a ...
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