Akamai has found an acquisition target aimed at boosting its portfolio further. The cloud and content delivery giant has announced an agreement to acquire Nominum.
Nominum's specialty is DNS and carrier grade security solutions, and its product set will complement Akamai's existing offerings in those areas. Akamai expects the deal to be dilutive by $0.05 in Q4 and $0.11 in 2018, and then accretive in 2019. The actual purchase price was not disclosed.
On another note, Akamai has lined up an expanded partnership for its content delivery network. The IBM Cloud will be making Akamai's CDN available to its ecosystem as part of the IBM Cloud Content Delivery Network. IBM's cloud spans 60 data centers in 19 countries, while Akamai's CDN reaches out to 1,700 networks in 131 countries. The two have been working together on similar things for a long time of course.
If you haven't already, please take our Reader Survey! Just 3 questions to help us better understand who is reading Telecom Ramblings so we can serve you better!Categories: Content Distribution · Mergers and Acquisitions