Akamai Extends Relationship With Yahoo! for Global Content Delivery Services.Business/Technology Editors CAMBRIDGE, Mass.--(BUSINESS WIRE)--June 26, 2000 Yahoo!'s year-long use of Akamai's FreeFlow(SM) service yields significant performance increase; FreeFlow scales to support more than 100 percent growth in Yahoo! audience 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, today announced that Yahoo! Inc., a leading global Internet communications, commerce, and media company serving 145 million individuals worldwide, has extended its agreement with Akamai for use of the FreeFlow service, recognized for superior speed, reliability and performance in the delivery of Web content. Yahoo!, one of Akamai's charter customers, uses FreeFlow to enhance its speed, performance, and reliability by delivering rich content from Akamai's globally distributed network of more than 4,000 servers located close to Internet end users. As Yahoo!'s global reach has grown, Akamai's highly scalable infrastructure has helped Yahoo! to continue to meet growing user demand and provide consumers with a compelling and consistent online experience. In addition, one year after using FreeFlow, Yahoo! has witnessed a measurable performance increase. "Yahoo! quickly established itself as an Internet leader, and it's a great compliment to the effort of the team at Akamai that Yahoo!'s global network relies on us to help deliver some of the Web's most popular content in the most rapid and reliable manner," said Paul Sagan, president and chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. , Akamai. "We value Yahoo!'s input as a customer and long-standing endorsement of our technology." Yahoo! signed on as an Akamai charter customer in June 1999, and since that time, has seen its global Internet audience more than double from 60 million to 145 million individuals. Earlier this year, Yahoo! expanded its use of Akamai's services and began utilizing the company's recently announced FirstPoint(SM) service to optimally direct Yahoo! traffic to mirrored server locations. Combining the two services helps to ensure that Yahoo! users continue to have the best possible online experience. "Akamai's FreeFlow service has helped us maintain leadership in a highly competitive industry by ensuring superior performance, speed, and reliability," said Farzad Nazem Farzad Nazem (born in 1962) also known as Zod Nazem, was Yahoo!'s chief technology officer and one of its longest-serving executives. He announced that he would leave the company on June 8, 2007 after 11 years at Yahoo. He will receive a golden parachute worth about $6.9 million. , Yahoo!'s chief technology officer. "One year after implementing this service, we remain impressed im·press 1 tr.v. im·pressed, im·press·ing, im·press·es 1. To affect strongly, often favorably: with the complete functionality and high-quality results that Akamai provides." About Akamai Akamai is the foremost provider of global, high performance services for the delivery of Internet content, streaming media, and applications, serving over 1,000 Web properties. Akamai has the broadest deployment of servers for content, streaming media, and applications delivery with more than 4,000 servers in over 45 countries directly connected to more than 160 different telecommunications networks A telecommunications network is a of telecommunications links and nodes arranged so that messages may be passed from one part of the network to another over multiple links and through various nodes. . Akamai (pronounced AH kuh my) is Hawaiian for intelligent, clever and cool. Yahoo! and the Yahoo! logo are registered trademarks of Yahoo! Inc. All other names are trademarks and/or registered trademarks of their respective owners. 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 forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. 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 service, a failure of its network infrastructure, 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. and other documents periodically filed with the SEC. |
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