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Ronni Zehavi, CEO |
Asaf Gilad reports to
Calcalist that 4 years old CDN startup
Cotendo is about to be sold to
Akamai, for $300M.No comment was received from Cotendo, and Akamai
provided the expected response from a
public company - "our policy is not to respond to rumors".
Cotendo (see "
Cotendo's Cloudlet - Getting Closer to the Subscriber" -
here), based in Israel, has 90 employees, and lists
Google (see "
Cotendo CEO: "We have a fertile technological dialogue with Google" -
here),
Facebook, Microsoft and
AOL among its
customers.
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In addition to a number of VC funds (
here), Cotendo has
Citrix and
Juniper as shareholders and strategic partners (see "
Cotendo Raises $17M; Announces Mobile Acceleration Suite and Partners with Citrix and Juniper"-
here).
The company’s revenues for 2011 are expected to reach $20-30M. A year ago, MIT and Akamai filed a patent infringement lawsuit against Cotendo (
here), shortly after
AT&T announced it will use Cotendo's technology (
here).
Story -
here (Hebrew).
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