Akamai Acquires AWS Competitor Linode for $900M
Business News News February 17th 2022Akamai Technologies announced its agreement to acquire infrastructure-as-a-service (IaaS) platform provider Linode for a whopping $900 million. This acquisition will help Akamai to become the “world’s most distributed compute platform”.
The news came to highlight when Akamai Technologies reported its fourth quarter-final results, which includes earnings and revenue topping expectations.
Linode was established in 2003 and has consistently positioned itself as an alternative to the big public clouds such AWS, Microsoft Azure, and Google Cloud. The company always made clear that it is not trying to form a rivalry with these big giants, by declaring that AWS is probably the best fit for larger enterprises.
Linode further added, “If you are a small business owner or an independent developer, then you might have to bear higher expenses to access the advanced cloud technology, which is unnecessary, risk of lock-in to Amazon’s ecosystem, and frequent billing surprises.”
Thus, Linode said that its platform has simplified its process of running apps in the cloud, with users having the freedom to launch a server in seconds and control everything through its easy-to-use application programming interface, command-line interface, and also other tools.
Akamai informed of its acquisition of Linode will provide developers a distributed platform to build, run and secure next-generation applications. As per Linode’s biggest achievement of always making developer-friendly cloud computing capabilities simple, affordable, and accessible, the company is striving to provide it.
Acquisition Aims To Bring New Revolution
Dr. Tom Leighton, the co-founder and Chief Executive of Akamai, said the combination of these capabilities with his company’s own edge platform and security will bring transformation in the cloud industry. It’ll create a unique platform that will give freedom to developers to build, run, and secure applications anywhere they run.
Further, he added, that this will be a big achievement for developers who wish to build the next generation of applications on a platform that focuses on delivering unprecedented scale, reach, performance, reliability, and security.
The CEO and founder of Linode, Christopher Aker, informed that Linode has never raised any outside funding in its 18-years of operation. The company agreed to the acquisition because, nowadays, customers face great challenges as cloud services have become more complex, involve computing, storage, security, and delivery.
Aker said, to solve these challenges, they will require tremendous integration and scale which both the companies are planning to bring under one roof.
Today’s acquisition of Linode is known as the second big acquisition in recent months.
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