Akamai to acquire Verivue
Akamai has confirmed it is to acquire Verivue in a cash transaction. The acquisition is expected to complement Akamai’s Aura Network Solutions and accelerate Akamai’s time to market in providing a comprehensive, licensed content delivery network (CDN) solution for network operators.
“Verivue has done an impressive job of building a licensed content delivery infrastructure and getting it deployed with several important operators,” said Mick Scully, Vice President and General Manager of Akamai’s Carrier Products Division. “We believe that Verivue’s technology will complement our roadmap for creating a comprehensive Operator CDN solution. Akamai has relationships with hundreds of network operators, and we offer them instant federation with our global Intelligent Platform. We believe joining forces with Verivue will allow us to help operators maximise content revenues and network efficiencies as the flood of media and video traffic increases.”
“Together with Akamai, we believe we will be able to offer the industry’s most powerful, extensible and fully integrated Operator CDN platform,” said James Dolce, CEO of Verivue. “This is an exciting step for our two companies. Operators are looking for services to drive revenue, such as advanced cloud capabilities or by providing licensed content to users on a variety of IP-connected devices. By combining our teams, we believe we can help meet this immediate market opportunity.” Founded in 2006, Verivue has approximately 60 employees. The closing of the transaction, which is subject to customary closing conditions, is expected to occur by the end of 2012.