Akamai Secures Edgio Patents and Contracts in Strategic [...]

Akamai Secures Edgio Patents and Contracts in Strategic Acquisition Deal

📅 November 24, 2024 - Global CDN, cybersecurity and cloud computing company Akamai Technologies (NASDAQ: AKAM) has emerged as the successful bidder for a portion of Edgio's assets following the companys Chapter 11 bankruptcy proceedings. The transaction includes non-exclusive licensing rights to Edgio's comprehensive patent portfolio and customer contracts tied to its security and content delivery services.

By securing these licensing rights, Akamai aims to enhance its technological capabilities and service offerings, reinforcing its position in the content delivery and cybersecurity sectors. Notably, the bid does not encompass any network-related assets from Edgio. Financial terms of the asset Edgio [...][... Check source for end of article ...]

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Company: Akamai

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