Akamai Announces New Recurring Customer Count and Network Deployment Results; Company Sets Milestone for Growth of Edge Deployment in World's Largest Internet Content Delivery Network.Business/Technology Editors SCOTTSDALE, Ariz.--(BUSINESS WIRE)--Jan. 8, 2001 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 NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : AKAM AKAM Akamai Technologies, Inc. (stock abbreviation) AKAM Automated Key Access Machine ), the leading Content Delivery Service Provider (CDSP (Content Delivery Service Provider) A global network that provides faster delivery of Web pages over the Internet. Using servers stationed around the world with duplicate content, the server closest to the user's request is the one that responds. ), today announced new recurring customer count and network deployment results closing out the year 2000. This afternoon at the Morgan Stanley Dean Witter Internet, Software & Networking Conference, Akamai Chairman & 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. George H. Conrades announced that at the end of the year 2000: --Akamai had more than 1,325 recurring customers under contract, compared to 1,115 at the end of the third quarter 2000; --deployment of Akamai's global network expanded to include more than 460 networks, up from 335 networks in the third quarter 2000; and --the number of deployed Akamai servers was more than 8,000, compared to 6,060 in the third quarter 2000. "In just over one year as a public company, Akamai has demonstrated strong growth in acquiring and servicing customers, as well as rapidly deploying our global network," Conrades said. "Web site owners across all markets have found significant savings on infrastructure costs by outsourcing their content delivery requirements to Akamai. This adoption of Akamai's services validates not only our business model and value proposition for Web businesses around the world, but also speaks to the incredible effort made by our dedicated employees." At today's conference in Scottsdale, Mr. Conrades also commented on the broad nature of Akamai's customer base. "Akamai achieved great success first by servicing the Web's top portals and e-businesses, and over the past 12 months we have expanded our reach to include corporations from important vertical sectors, including finance, health care, automotive, and publishing." Conrades is also scheduled to make a presentation tomorrow at the Salomon Smith Barney Global Entertainment, Media and Telecommunications Conference. About Akamai Akamai is the leading Content Delivery Service Provider, serving over 2,800 customers, including more than 1,325 recurring customers under contract worldwide. Akamai has the broadest deployment of servers for content, streaming media, and applications delivery with more than 8,000 servers in 54 countries directly connected within more than 460 different telecommunications networks. Akamai Statement 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 The release contains information about future expectations, plans and prospects of Akamai's management 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 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 services See CDN. , including FreeFlow and FreeFlow Streaming, issues arising in connection with the closing of Akamai's books for the fourth quarter, a failure of its network infrastructure, the complexity of its service and the networks on which the service is deployed, a decline in demand for its services due to general economic conditions, the failure to obtain access to transmission capacity and other factors that are discussed in Akamai'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. and other documents periodically filed with the SEC. |
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