Akamai has acquired infrastructure-as-a-service (IaaS) platform provider Linode for about $900 million. Together with Linode, which has made it simple, affordable and accessible for developers to consume cloud computing, Akamai aims to become the world’s most distributed compute platform, from cloud to edge.
Akamai is also expecting Linode to add about $100 million in revenue for its fiscal year 2022.
Dr. Tom Leighton, chief executive officer and co-founder, Akamai Technologies, said: “Akamai has been a pioneer in the edge computing business for over 20 years, and today we are excited to begin a new chapter in our evolution by creating a unique cloud platform to build, run and secure applications from the cloud to the edge. This a big win for developers who will now be able to build applications on a platform that delivers unprecedented scale, reach, performance, reliability and security.”
“This marks an exciting new chapter for Linode and a major step forward for our current and future customers,” added Christopher Aker, founder and CEO of Linode. “Linode will soon be able to call on the power of Akamai to offer entirely new products, services, expertise, locations, and scale, while Akamai will be able to tap into Linode’s deep expertise in compute, storage, and on-demand infrastructure-as-a-service.”
The transaction is likely to close in the first quarter of 2022.