Akamai Elects CheckFree CEO Pete Kight to Its Board Of Directors.Business Editors/High-Tech Writers
CAMBRIDGE, Mass.--(BUSINESS WIRE)--March 25, 2004
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
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AKAM Automated Key Access Machine ), the global leader in distributed computing (1) The use of multiple computers networked throughout a wide geographical area, or the world via the Internet, in order to solve a single problem. See grid computing.
(2) The use of multiple computers in an enterprise rather than one centralized system. solutions and services, today announced the election of Pete Kight, founder, chairman and chief executive officer of CheckFree Corporation (NASDAQ: CKFR CKFR Checkfree Corporation (stock abbreviation, AMEX) ), to the Akamai Board of Directors. Kight founded CheckFree in 1981 with an initial vision to provide electronic funds transfer See EFT.
(application, communications) electronic funds transfer - (EFT, EFTS, - system) Transfer of money initiated through electronic terminal, automated teller machine, computer, telephone, or magnetic tape. services; and today, CheckFree is a leading provider of financial electronic commerce services and products, and the market leader in electronic billing Electronic billing is the electronic delivery and presentation of financial statements, bills, invoices, and related information sent by a company to its customers. Electronic billing is also referred to as the following:
"The success of CheckFree is testament to Pete's vision and leadership in bringing technology to bear that has turned the Internet into a more efficient, consumer-friendly online marketplace," 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. of Akamai. "We look forward to drawing upon Pete's experience in scaling an Internet-based services platform business."
"Akamai and CheckFree share a commitment to a high-quality customer experience, innovation that brings convenience to consumers and businesses, and technology that scales as demand for these types of services are adopted by the mainstream," said Pete Kight, chairman and CEO of CheckFree. "I look forward to working with Akamai, and participating as a member of its board of directors."
Using CheckFree technology, consumers can pay their bills online from more than 1,100 sites including Internet portals, banks, leading credit unions, and brokerage firms, and personal financial management software. Since 1997, when Kight unveiled the industry's first Internet bill, CheckFree has been working with businesses to transform the monthly bill into an interactive communications tool.
CheckFree, headquartered in Atlanta, Georgia, has more than 2,750 employees in 16 offices in the United States, Canada and Europe, and became a publicly held company in 1995. Today the company has three divisions - Electronic Commerce, Software, and Investment Services.
Akamai(R) is the global leader in distributed computing solutions and services, making the Internet predictable, scalable, and secure for conducting profitable e-business. The Akamai on demand platform enables customers to easily extend their Web operations - with full control - anywhere, anytime, without the cost of building out infrastructure. Headquartered in Cambridge, Massachusetts, Akamai serves hundreds of today's most successful enterprises and government agencies around the globe. Akamai is The Business Internet. For more information, visit www.akamai.com.