Akamai Acquires CallTheShots; Emerging Technology and Talented Engineering Team Key to Acquisition.Business/Technology Editors CAMBRIDGE, Mass.--(BUSINESS WIRE)--Aug. 9, 2000 Akamai Technologies Akamai Technologies, Inc. (NASDAQ: AKAM) is a company that provides a distributed computing platform for global Internet content and application delivery, headquartered in Cambridge, Massachusetts. , Inc. (Nasdaq: AKAM AKAM Akamai Technologies, Inc. (stock abbreviation) AKAM Automated Key Access Machine ), the foremost provider of global, high performance services for the delivery of Internet content, streaming media See streaming audio, streaming video and digital media hub. , and applications, announced today that it has completed the acquisition of CallTheShots, Inc. CallTheShots was a privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. located in Santa Clara Santa Clara, city, Cuba Santa Clara (sän`tä klä`rä), city (1994 est. pop. 217,000), capital of Villa Clara prov., central Cuba. , CA that has focused on developing technology for Web site personalization and content aggregation. CallTheShots has been developing technology to enable Web sites to deliver highly customized content to their users without the need to engineer and support an extensive infrastructure. As a result of the acquisition, the CallTheShots team will be integrated into Akamai's existing engineering team in San Mateo, CA. "Akamai continues to pioneer advancements in the content delivery space through the help of today's top minds," said George Conrades, chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. at Akamai. "We are very excited to welcome the dedicated and talented team from CallTheShots. By working together we will further the development of new value-added services and innovation built upon our EdgeAdvantage(SM) platform." The acquisition of CallTheShots for approximately $6 million in cash and stock will be accounted for using the purchase method. CallTheShots was selected as one of Red Herring's "top 20 most promising emerging technology companies," reflecting the publication's Top 10 Trends for 2000. CallTheShots was chosen one of three finalists in the Jupiter Communications, Inc. "Consumer Online Forum" in March 2000 for the uniqueness of their product and the potential magnitude of the product's impact on Internet businesses. About Akamai Akamai is the foremost provider of global, high performance services for the delivery of Internet content, streaming media and applications, serving over 2,100 customers. Akamai has the broadest deployment of servers for content, streaming media, and applications delivery with more than 4,200 servers in 50 countries directly connected to 225 different telecommunications networks. Akamai (pronounced AH kuh my) is Hawaiian for intelligent, clever and cool. The release contains information about future expectations and plans of Akamai's management and prospects of Akamai's business that constitute forward-looking statements for purposes of the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions under The Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Actual results may differ materially from those indicated by these forward-looking statements as a result of various important factors including, but not limited to, the dependence on Akamai's Internet content delivery service, a failure of its network infrastructure, market acceptance of its EdgeAdvantage service, the complexity of its service and the networks on which the service is deployed, the failure to obtain access to transmission capacity and other factors that are discussed in the Company's Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended December 31, 1999 and other documents periodically filed with the SEC. |
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