[HostHum.com] Akamai announced on February 15, 2022 that it has entered into a definitive agreement to acquire Linode, a well-known infrastructure-as-a-service (IaaS) platform provider for approximately $900 million.
“The opportunity to combine Linode’s developer-friendly cloud computing capabilities with Akamai’s market-leading edge platform and security services is transformational for Akamai,” said Dr. Tom Leighton, chief executive officer and co-founder, Akamai Technologies. “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 is 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.”
“We started Linode 19 years ago to make the power of the cloud easier and more accessible,” Linode CEO Christopher Aker said in a statement. “Along the way, we built a cloud computing platform trusted by developers and businesses around the world. Today, those customers face new challenges as cloud services become all-encompassing, including compute, storage, security and delivery from core to edge. Solving those challenges requires tremendous integration and scale which Akamai and Linode plan to bring together under one roof. This marks an exciting new chapter for Linode and a major step forward for our current and future customers.”
Founded in 1998, Akamai Technologies, Inc. is an American CDN, a cybersecurity, and cloud service company, providing web and Internet security services. 15-30% of the world’s internet traffic is delivered over their platform.
Founded in 2003, Linode is one of the world’s first and largest open source-focused cloud hosting providers. Linode began in an apartment nearly 20 years ago and has grown into a 256 person company that operates in 11 markets serving customers in 185 countries. And it has sought to serve as an IaaS alternative to public cloud providers such as Amazon Web Services (AWS), Microsoft Azure, and Google Cloud.