Sunday, November 27, 2011

Rumors: Akamai to Buy Cotendo for $300M

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.

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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