Irish IoT company snapped up by Akamai in all-cash deal

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Akamai Technologies has today (27 October) announced that it has acquired Irish company Asavie in an all-cash transaction. The deal will bring Asavie’s mobile, internet of things (IoT) and security solutions under Akamai’s security and personalisation services product line.

“We believe the addition of Asavie will help Akamai’s carrier partners address enterprise and mid-market customer demand for IoT and mobile device security and management services,” said Dr Tom Leighton, CEO and co-founder of Akamai Technologies.

“What’s notable about the Asavie solution is that, as more IoT devices connect over cellular and 5G, it has been shown to be very easy to scale and protect them,” Leighton added.

‘Asavie will help Akamai’s carrier partners address enterprise and mid-market customer demand for IoT and mobile device security and management services’
– DR TOM LEIGHTON

Due to announce its Q3 2020 earnings today, Akamai reported annual revenue of $2.8b in 2019 and employs more than 7,500 people. Its pervasive content delivery network comprises about 300,000 servers worldwide and the company also cybersecurity and cloud services. According to Akamai, more than half of the Fortune 500 is accounted for in its client base.

Asavie’s platform – which is already sold by top global mobile network operators – manages the security, performance and access policies for mobile and internet-connected devices. This solution will now be sold to Akamai’s carrier partners, who can then embed it in the technology bundle sold to their subscribers.

With whole industries adapting to remote environments under Covid-19 restrictions, Asavie has seen growing opportunities for a scalable cloud-managed solution.

“We expect Covid-19 to have a lasting impact on how employees work and how businesses operate. Network security needs will be required to evolve in a 5G era where the office needs to go wherever employees happen to work,” said Asavie CEO Ralph Shaw.

“The Asavie suite of software-defined solutions is designed to enable enterprises to provide access to business resources while continuously protecting the business in a world of evolving cyber threats targeting mobile devices, users and applications.”

The acquisition is not expected to impact Akamai’s full-year financial results nor its previouslystated operating margin goal for 2020.

Akamai headquarters in Cambridge, Massachussets. Image: Billykamenides, on behalf of Akamai Technologies (CC BY-SA 4.0)

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