CAMBRIDGE, Mass., Nov. 15, 2024 /PRNewswire/ -- Akamai (NASDAQ: AKAM), the cybersecurity and cloud computing company that powers and protects business online, today announced it is the winning bidder to acquire select assets from Edgio, including customer contracts from Edgio's businesses in security and content delivery, and non-exclusive license rights to Edgio's entire patent portfolio. No assets related to the Edgio network would be acquired as part of the bid. Pursuant to Edgio's filing for Chapter 11 bankruptcy relief on September 9, 2024, Edgio initiated a 363 bankruptcy sale procedure for qualified bidders to bid for the company's assets. The 363 sale auction was concluded on November 13, 2024, and winning bids were declared. The court hearing to consider approval of the sale transaction is currently set for November 25, 2024. Following court approval, the parties can proceed with closing the transaction. Akamai anticipates providing additional information regarding the expected financial impact from assets purchased as part of the transaction once approved by the court.

CAMBRIDGE, Mass., Nov. 14, 2024 /PRNewswire/ -- Akamai Technologies Inc. (NASDAQ: AKAM), the cybersecurity and cloud computing company that powers and protects business online, announced today that Avesha Technologies is the latest organization to join the Akamai Qualified Compute Partner Program as an Independent Software Vendor (ISV). Avesha Technologies is providing two distinct Kubernetes solutions–one for connectivity and one for autoscaling.

Only 27% of respondents know which APIs return the sensitive data that attackers seek

CAMBRIDGE, Mass., Nov. 13, 2024 /PRNewswire/ -- Akamai Technologies, Inc. (NASDAQ: AKAM), the cloud company that powers and protects life online, today announced new research showing that while API attacks are rising, visibility into API risks that open doors for attackers is declining. Now in its third year, the API Security Impact Study (formerly the API Security Disconnect) explores the state of API protection based on a survey of 1,207 security leaders and practitioners across the United States, United Kingdom, and Germany.

Solves three of the biggest challenges for greater Kubernetes adoption: skills, scale, and lock-in

CAMBRIDGE, Mass., Nov. 12, 2024 /PRNewswire/ -- Akamai Technologies, Inc. (NASDAQ: AKAM), the cybersecurity and cloud company that powers and protects business online, today announced the Akamai App Platform, a ready-to-run solution that makes it easy to deploy, manage, and scale highly distributed applications.

Third quarter revenue of $1.005 billion, up 4% year-over-year and when adjusted for foreign exchange*

Security and compute revenue represented 68% of total revenue in the third quarter and combined grew 17% year-over-year and when adjusted for foreign exchange*

CAMBRIDGE, Mass., Nov. 7, 2024 /PRNewswire/ -- Akamai Technologies, Inc. (NASDAQ: AKAM), the cybersecurity and cloud computing company that powers and protects business online, today reported financial results for the third quarter ended September 30, 2024.

New real-time capabilities provide businesses with granular control and security across entire user account lifecycle

CAMBRIDGE, Mass., Oct. 29, 2024 /PRNewswire/ -- Akamai Technologies, Inc. (NASDAQ: AKAM), the cloud company that powers and protects life online, today launched new capabilities to its Account Protector security solution. These enhancements are designed to safeguard user accounts against abuse throughout their entire lifecycle and provide advanced protection against account opening abuse, account takeover attacks, and other attack schemes.

New solution leverages machine learning and global intelligence to enhance robust detection and mitigation capabilities against application-layer DDoS attacks

CAMBRIDGE, Mass., Oct. 16, 2024 /PRNewswire/ -- Akamai Technologies, Inc. (NASDAQ: AKAM), the cloud company that powers and protects life online, today announced the availability of Behavioral DDoS Engine for its App & API Protector solution. This new capability leverages machine learning for automatic, proactive protection against application-layer DDoS attacks.

British victims of cybercrime report fear, anxiety and shame lasting months, and call for more support, according to research from Akamai

LONDON, Oct. 15, 2024 /PRNewswire/ -- Akamai Technologies, Inc. (NASDAQ: AKAM), the cloud company that powers and protects life online, today announced new research exposing the hidden mental health impact of cybercrime on the UK public, and has partnered with psychologist Dr Quinn-Cirillo to publish guidance on how to promote more supportive conversations with victims of cybercrime.

CAMBRIDGE, Mass., Oct. 1, 2024 /PRNewswire/ -- Akamai Technologies, Inc. (NASDAQ: AKAM), the cloud company that powers and protects life online, announced today that the company will hold a conference call for investors on Thursday, November 7, 2024, at 4:30 p.m. ET. The call will include the company's third quarter 2024 financial results and may include forward-looking financial guidance from management. The call will also be broadcast live via the internet at Akamai's Investor Relations page.

Integration improves the protection of APIs by connecting to Akamai Connected Cloud

CAMBRIDGE, Mass., Oct. 1, 2024 /PRNewswire/ -- Akamai Technologies, Inc. (NASDAQ: AKAM), the cloud company that powers and protects life online, today announced a new native connector between Akamai API Security and Akamai Connected Cloud. This integration simplifies and accelerates the discovery and protection of APIs by enabling customers to send a copy of their Akamai Connected Cloud traffic directly to API Security for analysis and to rapidly block attacks.

CAMBRIDGE, Mass., Sept. 23, 2024 /PRNewswire/ -- Akamai Technologies, Inc. (NASDAQ: AKAM), the cloud company that powers and protects life online, announces that it has achieved a company-wide ISO 14001 attestation — demonstrating its adherence to the highest standards for its environmental management system aligned across the entire Akamai Connected Cloud.

The internationally recognized standard for environmental management systems (EMS) provides a framework for organizations to continually improve their environmental performance. By adhering to this standard, Akamai ensures the company is taking proactive measures to minimize its environmental footprint, comply with relevant legal requirements, achieve environmental objectives and identify ways to continuously improve.

Report Cites Akamai's Breadth of Security, Availability and Compliance Requirements for Modern Digital Businesses

CAMBRIDGE, Mass., Sept. 17, 2024 /PRNewswire/ -- Akamai Technologies, Inc. (NASDAQ: AKAM), the cloud company that powers and protects life online, today announced that it has been named a Leader in the IDC MarketScape: Web Application and API Protection (WAAP) 2024 Vendor Assessment (Doc #US51795524, September 2024). The IDC MarketScape noted, "Overall, the Akamai WAAP solution addresses a breadth of security, availability, integrity, and compliance requirements for large scale, modern digital businesses."

Financial services is also most at risk for phishing and brand impersonation

CAMBRIDGE, Mass., Sept. 17, 2024 /PRNewswire/ -- Akamai Technologies, Inc. (NASDAQ: AKAM), the cloud company that powers and protects life online, today released a new State of the Internet (SOTI) report that shows financial services remains the most frequently targeted industry by Layers 3 and 4 distributed denial-of-service (DDoS) attacks for the second consecutive year.  Navigating the Rising Tide: Attack Trends in Financial Services finds that financial services account for 34% of DDoS attacks. This is followed by gaming at 18% and high technology at 15%.

Continues longstanding commitment to developing and advancing standards and organizations critical to web and internet operations

AMSTERDAM, Sept. 13, 2024 /PRNewswire/ -- Akamai (NASDAQ: AKAM), the cloud company that powers and protects life online, announced today that it has joined the Streaming Video Technology Alliance (SVTA) as a Principal Member. The announcement follows the formal merger of DASH Industry Forum (DASH-IF) and the SVTA.

The distributed cloud provider tackles pent-up frustration over control, competition, and cost challenges of today's centralized cloud models

AMSTERDAM, Sept. 13, 2024 /PRNewswire/ -- Akamai (NASDAQ: AKAM), the cloud company that powers and protects life online, today introduced new video workflow capabilities at IBC that give media companies greater choice and control across every part of the video delivery chain. The new capabilities aggregate Akamai's cloud and delivery platforms with the company's growing partner network to give customers unprecedented flexibility to tailor media experiences to meet customer demands.

Study shows priority shifts in Asia's digital native businesses — accelerating tech adoption demands new ways to manage rising complexity and security risks

SINGAPORE, Sept. 12, 2024 /PRNewswire/ -- Akamai Technologies, Inc. (NASDAQ: AKAM), the cloud company that powers and protects life online, today revealed in a new study that Asia's digital native businesses (DNBs) face growing security and technology complexity challenges as they accelerate cloud adoption, posing a risk to sustained business growth.

Study shows priority shifts in Asia's digital native businesses — accelerating tech adoption demands new ways to manage rising complexity and security risks

SINGAPORE, Sept. 12, 2024 /PRNewswire/ -- Akamai Technologies, Inc. (NASDAQ: AKAM), the cloud company that powers and protects life online, today revealed in a new study that Asia's digital native businesses (DNBs) face growing security and technology complexity challenges as they accelerate cloud adoption, posing a risk to sustained business growth.

Report states: "We're living in the golden age of microsegmentation"

CAMBRIDGE, Mass., Aug. 28, 2024 /PRNewswire/ -- Akamai Technologies, Inc. (NASDAQ: AKAM), the cloud company that powers and protects life online, today announced it was named a Leader in The Forrester Wave™: Microsegmentation Solutions, Q3 2024 report. Forrester evaluated 11 total vendors in the microsegmentation space based on 23 criteria grouped by current offering, strategy, and market presence. Akamai received the highest scores possible in flow and asset discovery, policy management, ZTNA integration, incident response, pricing flexibility and transparency, supporting services and offerings, revenue, and number of customers criteria.

Second quarter revenue of $980 million, up 5% year-over-year and up 6% when adjusted for foreign exchange*

Security and compute revenue represented 66% of total revenue in the second quarter and combined grew 17% year-over-year and 18% when adjusted for foreign exchange*

GAAP net income per diluted share of $0.86, up 2% year-over-year and up 6% when adjusted for foreign exchange*, and non-GAAP net income per diluted share* of $1.58, up 6% year-over-year and up 9% when adjusted for foreign exchange*