Join our community of traders FOR FREE!

  • Learn
  • Improve yourself
  • Get Rewards
Learn More

Cloud company Akamai Technologies Inc said on Thursday that it had acquired select enterprise customer contracts from StackPath.

The announcement came after StackPath’s decision to discontinue its content delivery network operations.

By acquiring nearly 100 enterprise customer contracts, Akamai Technologies said it expected the transaction to add about $20 million in revenue and to be accretive to non-GAAP earnings per share by $0.03 to $0.05 for the full year 2024.

“We look forward to welcoming these new enterprise customers and providing them immediate access to the agility and scale of Akamai Connected Cloud to create and deliver flawless digital experiences,” Adam Karon, Chief Operating Officer and general manager of Akamai’s Cloud Technology Group, said in a press release.

“In migrating to Akamai Connected Cloud, StackPath’s enterprise CDN customers will also have the opportunity to tap into the full portfolio of Akamai security and cloud computing solutions to help them power and protect their businesses into the future,” the COO added.

The deal excludes the acquisition of StackPath’s workforce or technology, Akamai said.

TradingPedia.com is a financial media specialized in providing daily news and education covering Forex, equities and commodities. Our academies for traders cover Forex, Price Action and Social Trading.

Related News

  • AUD/JPY stuck in tight range ahead of BoJ decision, RBA minutes shrugged offAUD/JPY stuck in tight range ahead of BoJ decision, RBA minutes shrugged off The AUD/JPY pair remained stuck within a narrow range on Tuesday ahead of the outcome of the Bank of Japan's policy meeting on Friday, while the minutes of the Reserve Bank of Australia's September meeting were shrugged off.The Bank of […]
  • Gold lower ahead of FOMC minutesGold lower ahead of FOMC minutes Gold fluctuated on Wednesday and traded mostly lower ahead of the release of FOMCs July meeting minutes, which analysts speculate might indicate deceleration of Feds monetary easing program could start in September. Silver, platinum and […]
  • US dollar higher versus Indian rupee following RBI rate decisionUS dollar higher versus Indian rupee following RBI rate decision US dollar was trading higher against the Indian rupee during Fridays light trade, after Indian central bank unexpectedly raised its benchmark repurchase rate in attempt to curb inflation rate.USD/INR reached a session high at 62.995 at […]
  • Forex Market: NZD/USD daily forecastForex Market: NZD/USD daily forecast During yesterday’s trading session NZD/USD traded within the range of 0.8560-0.8624 and closed at 0.8580.At 9:05 GMT today NZD/USD was losing 0.32% for the day to trade at 0.8546. The pair touched a daily low at 0.8546 at 9:04 GMT, […]
  • General Electric shares register their largest weekly loss since March 2009 ahead of fourth-quarter resultsGeneral Electric shares register their largest weekly loss since March 2009 ahead of fourth-quarter results Shares of General Electric Company (GE) extended their losing streak on Friday to complete the worst week since the financial crisis, following the announcement of over $11 billion in charges as well as indications of a possible […]
  • Forex Market: EUR/GBP daily trading forecastForex Market: EUR/GBP daily trading forecast Yesterday’s trade saw EUR/GBP within the range of 0.7910-0.7954. The pair closed at 0.7924, losing 0.24% on a daily basis.At 7:14 GMT today EUR/GBP was down 0.32% for the day to trade at 0.7898. The pair broke the first key daily support […]