Akamai Technologies To Acquire Cloud Storage Technology Company Ondat

Akamai Technologies To Acquire Cloud Storage Technology Company Ondat

CAMBRIDGE, Mass., March 2, 2023 /PRNewswire/ — Akamai Technologies, Inc. (NASDAQ: AKAM), the cloud firm that powers and shields existence on-line, today announces that it has entered into a definitive agreement to acquire Ondat, a cloud-primarily based storage technology company with a Kubernetes-indigenous platform for functioning stateful apps wherever at scale. Ondat’s technological know-how delivers persistent storage instantly onto any Kubernetes cluster for managing enterprise-significant, stateful purposes safely and securely throughout any public, personal and hybrid clouds. The acquisition of Ondat’s cloud storage technological innovation and its sector-regarded talent is meant to bolster Akamai’s cloud computing offerings.

“Final thirty day period we shared particulars of Akamai Related Cloud, the world’s most distributed system for cloud computing, safety, and content material shipping and delivery,” stated Adam Karon, chief functioning officer and general manager, Cloud Technology Group, Akamai Technologies. “Storage is a vital part of cloud computing and Ondat’s technology will increase Akamai’s storage abilities, enabling us to present a fundamentally various method to cloud that integrates core and dispersed computing websites with a massively scaled edge network.”

Ondat’s workforce, which include founder and chief technological innovation officer Alex Chircop, will be a part of Akamai’s cloud computing small business.

Akamai Related Cloud is a massively distributed edge and cloud platform for cloud computing, protection, and written content supply that retains applications and experiences closer and threats farther absent. Akamai’s cloud computing expert services help developers to develop, run and safe very performant workloads closer to anywhere businesses and users join on the web. In creating out Akamai Related Cloud, Akamai is introducing main and distributed internet sites on major of the very same underlying backbone that powers its edge community today — spanning much more than 4,100 areas throughout 134 international locations. Much more especially, Akamai is inserting compute, storage, databases and other expert services closer to big inhabitants, market and IT facilities.

Ondat, headquartered in London, U.K., is a privately funded enterprise. The acquisition is predicted to near in the initially quarter of 2023. Akamai anticipates no substance effect to the company’s financial steerage for 2023 as a outcome of the transaction.

For additional info, check out the Akamai cloud computing alternatives page.

About Akamai

Akamai powers and protects everyday living on the internet. Major providers around the globe choose Akamai to develop, deliver, and secure their electronic ordeals — aiding billions of people reside, get the job done, and perform every single working day. With the world’s most dispersed compute platform — from cloud to edge — we make it straightforward for clients to acquire and operate purposes, whilst we retain experiences closer to consumers and threats farther away. Study far more about Akamai’s safety, compute, and shipping and delivery alternatives at akamai.com and akamai.com/weblog, or adhere to Akamai Technologies on Twitter and LinkedIn.

Akamai Assertion Below the Non-public Securities Litigation Reform Act

This release includes statements that are not statements of historical fact and constitute forward-wanting statements for functions of the safe harbor provisions less than The Personal Securities Litigation Reform Act of 1995, such as, but not confined to, statements about expectations, designs and potential customers of Akamai. True success may well differ materially from those indicated by these forward-on the lookout statements as a end result of different crucial variables such as, but not limited to, the failure of our investments in innovation to create options that are approved in the sector effects of competition, including pricing pressure and altering organization designs influence of macroeconomic traits, like financial uncertainty disorders and uncertainties in the geopolitical ecosystem continuing source chain and logistics prices, constraints, variations or disruptions flaws or disruptions in our products and solutions or IT devices, together with cyberattacks, information breaches or malware failure to understand the envisioned rewards of any of our acquisitions or reorganizations variations to economic, political and regulatory conditions in the United States and internationally hold off in producing or failure to develop new services offerings or functionalities, and if formulated, absence of current market acceptance of this kind of service choices and functionalities or failure of these remedies to function as expected, and other aspects that are mentioned in our Annual Report on Variety 10-K, quarterly reports on Form 10-Q, and other paperwork periodically filed with the SEC. In addition, the statements in this push release and on our quarterly earnings conference simply call depict Akamai’s expectations and beliefs as of the date of this push release. Akamai anticipates that subsequent situations and developments could result in these expectations and beliefs to adjust. Nevertheless, when Akamai may elect to update these forward-hunting statements at some level in the potential, it precisely disclaims any obligation to do so. These forward-on the lookout statements need to not be relied on as representing Akamai’s anticipations or beliefs as of any day subsequent to the day of this push release.

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Resource Akamai Systems, Inc.