Akamai and Genuity Form Alliance to Deploy Akamai Servers Throughout Genuity's Massive Global Network.Business/Technology Editors CAMBRIDGE, Mass. and BURLINGTON, Mass.--(BUSINESS WIRE)--April 6, 2000 Genuity to incorporate Akamai services into its suite of content delivery services 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. (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 ) and Genuity (formerly GTE GTE General Telephone & Electronics GTE Génie Thermique et Énergie (French) GTE Gas Turbine Engine GTE Global Tropospheric Experiment GTE Geothermal Energy GTE Gas Turbine Efficiency plc (Sweden & USA) Internetworking) today announced an alliance in which Akamai will deploy its delivery servers in key sites near the edge of Genuity's network; such as data centers, POPs, DSL DSL in full Digital Subscriber Line Broadband digital communications connection that operates over standard copper telephone wires. It requires a DSL modem, which splits transmissions into two frequency bands: the lower frequencies for voice (ordinary nodes, and international locations. In addition, the two companies have agreed to a reseller relationship in which Genuity will incorporate Akamai's FreeFlow(SM) services in its suite of content delivery services See CDN. . As part of the agreement, Genuity will provide Akamai with network bandwidth connectivity to Akamai's servers based on the end user demand for Akamai-served content. Servers will be connected to high-speed routers at the edge of Genuity's network, thus expanding the global reach of Akamai's Internet content delivery network. "The deployment of Akamai's servers in Genuity's global network will ensure that our subscribers receive maximum performance for the delivery of Internet content, applications, and streaming media See streaming audio, streaming video and digital media hub. ," said Paul Gudonis, 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 Genuity. "With our global Internet backbone (communications, networking) Internet backbone - High-speed networks that carry Internet traffic. These communications networks are provided by companies such as AT&T, GTE, IBM, MCI, Netcom, Sprint, UUNET and consist of high-speed links in the T1, T3, OC1 and OC3 ranges. network now fully enhanced with Akamai servers, Genuity is continuing to lead in the delivery of complete network solutions, including DSL, dial-up and dedicated Internet access, high-performance Web hosting, virtual private networks (VPNs), managed Internet security, network management, systems integration, and Web-based application development for integrating the Internet into business operations." "Genuity is an important strategic network provider for us given its position as one of the Internet's primary backbone providers," said George Conrades, chairman and CEO of Akamai. "Our presence on Genuity's Tier one Internet backbone is a very significant deployment for Akamai. It is fundamental to the Akamai strategy to collaborate with the best IP network providers around the world. Genuity's customers will continue to enjoy world-class performance, now enhanced by Akamai's content, streaming, and applications delivery. The combination of Genuity's data centers and Akamai's FreeFlow services will be immensely valuable to Internet content providers." Reselling Akamai Genuity will incorporate Akamai's FreeFlow services in its suite of content delivery services. Genuity will offer Akamai's content delivery services to its e-business and hosting customers to optimize end-to-end performance of their complex Web sites. GTEI's suite of managed solutions combined with Akamai's services is designed to improve the speed, reliability and performance of Genuity's customer Web sites and provide a better end-user experience. In addition, both Akamai and Genuity will support the other in joint marketing efforts relating to the relationship between the two companies. About Genuity and GTE Corp. Genuity, a unit of GTE Corp. (NYSE NYSE See: New York Stock Exchange :GTE), offers customers, from consumers to Fortune 500 companies, a full spectrum of integrated Internet services using IP networking technologies. Genuity delivers complete network solutions, including dial-up and dedicated Internet access, high-performance Web hosting, virtual private networks (VPNs), managed Internet security, network management, systems integration, and Web-based application development for integrating the Internet into business operations. GTE is one of the world's largest telecommunications companies and a leading provider of integrated voice, video and data services. Additional information about Genuity can be found on the Internet at http://www.genuity.com, and about GTE Corp. at http://www.gte.com. About Akamai Akamai Technologies has headquarters in Cambridge, Massachusetts, and has offices in San Mateo and Cupertino, California, and Europe. Akamai is the leader in distributed content, streaming media, and applications delivery, serving nearly 400 customers, including over 550 popular Web properties. Akamai has deployed the broadest global network for content, streaming media, and applications delivery with more than 2,750 servers, in over 45 countries directly connected to more than 150 different telecommunications networks. Akamai (pronounced AH kuh my) is Hawaiian for intelligent, clever and cool. 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 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, 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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