Akamai Technologies yesterday announced that it has acquired assets including select enterprise customer contracts from StackPath, following StackPath's decision to cease its content delivery network operations. In providing the ability to leverage the world's most distributed edge and cloud platform, Akamai will extend its standard offerings and support to customers looking for an enterprise solution to their content delivery, cybersecurity and cloud computing needs.
Through the acquisition of approximately 100 enterprise customer contracts, Akamai anticipates this transaction will add approximately $20 million in revenue and be accretive to non-GAAP earnings per share by $0.03 - 0.05 for the full year in 2024. Akamai anticipates no material impact on both revenue and non-GAAP earnings per share for the third quarter or full-year 2023.
The transaction does not include the acquisition of StackPath personnel or technology. The two companies will be operating under a transition services agreement for the first 90 days.
Adam Karon, chief operating officer and general manager of Akamai's Cloud Technology Group
We look forward to welcoming these new enterprise customers and providing them immediate access to the agility and scale of Akamai Connected Cloud to create and deliver flawless digital experiences. In migrating to Akamai Connected Cloud, StackPath's enterprise CDN customers will also have the opportunity to tap into the full portfolio of Akamai security and cloud computing solutions to help them power and protect their businesses into the future.
FAQs
In September 2023, StackPath announced the decision to end-of-life our Highwinds CDN, StackPath CDN, and StackPath WAF product lines including all complementary services. We will now focus exclusively on maturing, maintaining, and perfecting our compute offering at the Internet's edge.
Is StackPath going out of business? ›
StackPath CDN and Highwinds CDN services will cease operations at 12:00 a.m. Central (UTC-6:00) on November 22, 2023.
Who acquired StackPath? ›
Akamai, the worldwide leader in CDN services, has just announced its acquisition of StackPath's CDN business.
Is StackPath a CDN? ›
Additionally, CDN providers like StackPath include security and control features that offer protection for web app/site users and the organizations that run them. As the use cases below demonstrate, these benefits are essential for businesses ranging from small retailers to global technology service providers.
What happens if CDN is down? ›
Redundancy: CDNs have numerous edge servers distributed worldwide. If one server goes down, the network can continue to operate using other available servers. Load balancing: CDNs distribute traffic among multiple edge servers, reducing the impact of any single server failure on overall performance.
Is StackPath any good? ›
StackPath has 44 reviews with an overall average rating of 4.3.
Who is the CEO of StackPath? ›
Christopher (Kip) Turco - Chief Executive Officer @ STACKPATH - Crunchbase Person Profile.
Who are the founders of StackPath? ›
StackPath is an American edge computing platform provider headquartered in Dallas, Texas. Its founding team was led by Lance Crosby, who also co-founded SoftLayer Technologies, acquired by IBM in 2013.
How much funding does StackPath have? ›
Funding Rounds
| Announced Date | Transaction Name | Money Raised |
|---|
| Mar 17, 2020 | Series B - STACKPATH | $216M |
| Jul 25, 2016 | Series A - STACKPATH | $180M |
StackPath's revenue is $35.9 million.
StackPath has 250 employees, and the revenue per employee ratio is $143,680. StackPath peak revenue was $35.9M in 2023.
StackPath is an edge platform for deploying, accelerating, and protecting workloads right at the edge of the internet. We're proud to help power what developers and enterprises build at the edge, to drive their own innovations and advantages.
How much does StackPath DNS cost? ›
The pricing for StackPath CDN starts at $10.00 per month. StackPath CDN has 4 different plans: Secure Edge Service CDN at $10.00 per month. Pro at $20.00 per month.
Is Akamai a CDN provider? ›
Akamai Technologies, Inc. is an American company that provides content delivery network (CDN), cybersecurity, DDoS mitigation, and cloud services.
What is the difference between CDN and cloud CDN? ›
Cloud computing and CDNs are similar because they each serve content from geographically distributed servers. But this is where they vary: A CDN delivers content as quickly as possible, while cloud computing is based on flexibility, scalability and on-demand delivery of applications and data.
What is the difference between a CDN and a server? ›
CDNs vs.
Your traditional (original) hosting server contains all your website's content assets. That doesn't change. But with CDN caching, you now have numerous additional edge servers located around the world with saved versions of your site's multimedia.
Are CDNs still used? ›
These days, content delivery networks (CDNs) are essential for the smooth operation of nearly every website and service. Web applications rely on content delivery networks (CDNs) for four main reasons: improved performance, higher dependability, reduced costs, and resistance to cyber assaults.
Is Akamai laying off? ›
Cybersecurity and cloud computing are Akamai's highest growth areas. Akamai layoffs are impacting nearly 300 workers as the company focuses on its highest growth areas and sustaining profitability.
What is the largest CDN provider? ›
Akamai. The first of the CDN providers we'll examine here is Akamai. Akamai is one of the oldest CDNs in the world. It's also the largest network, with more than 240,000 servers located in more than 130 countries.
What is the future of CDN? ›
The CDN market, already on a significant upward trajectory, is expected to reach an estimated value of USD 36.51 billion by 2028. This growth is driven by the escalating demand for fast, secure, and reliable content delivery across various industries, including online gaming, video streaming, and more.
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