Akamai acquires cloud-hosting firm Linode for USD900 million
Category: #business  By Pranali Mehta  Date: 2022-02-17
  • share
  • Twitter
  • Facebook
  • LinkedIn
Akamai acquires cloud-hosting firm Linode for USD900 million

Akamai, an American content delivery network, cybersecurity, and cloud service company, has announced that it has recently acquired privately-owned cloud hosting company, Linode.

The acquisition priced at USD900 million is expected to help Akamai add around USD100 million in profits for its economic year 2022.

Linode, launched in 2003, has quickly made its name for an affordable place to rent virtual private servers.

That was as soon as AWS curved cloud computing into a buzzword and, at the time when VPSes were the only way to host website or basic web apps.

Since then, the firm has continued to enlarge its offerings as both the hyper clouds and the competitors like DigitalOcean started to emerge. Linode then bootstrapped, and unlike some of its competitors, it never took any outside funding.

At present, Linode provides all the fundamental cloud services that developers expect as most of the early providers of VPS do. That includes compute, block and object storage, load balancers, managed database, and lately a managed Kubernetes service for functioning containerized applications.

According to Akamai, it is acquiring Linode to help it turn out to be one of the major distributed compute platforms, from cloud to edge.

Its CEO and co-founder, Dr. Tom Leighton said that the opportunity for combining their market-leading edge platform and security services with Linodes developer-friendly cloud computing capabilities is transforming for Akamai.

Dr. Leighton continued that Akamai has been a leader in the edge computing business for around 20 years and is now excited to start a novel episode in the journey of their evolution by building a unique cloud platform to build, secure and run applications from the cloud to edge.

The acquisition is a big win for developers who will now build the next generation of applications on a platform that delivers extraordinary performance, reliability, scale, reach, and security.

Source Credit - https://techcrunch.com/2022/02/15/akamai-acquires-linode-for-900m/

 

  • share
  • Twitter
  • Facebook
  • LinkedIn

About Author

Pranali Mehta

Pranali Mehta    

Pranali Mehta boasts of over three years of experience as a content writer. Having completed her graduation in chemical engineering, she worked as safety & environment associate in a chemical company for a year. Harnessing her passion for writing however, Pranali deci...

Read More >>

More News By Pranali Mehta

UK’s hopes on Hydrogen-based energy can cost 70% more than gas
UK’s hopes on Hydrogen-based energy can cost 70% more than gas
By Pranali Mehta

British ministers’ plans to put energy expectations on hydrogen can reportedly double the cost of heating a home compared to natural gas by the end of the decade, as per research. The top energy analyst Cornwall Insight claims that using hyd...

Britain’s poor may pay half of their disposable income on energy bills
Britain’s poor may pay half of their disposable income on energy bills
By Pranali Mehta

Britain's poorest families are reportedly at risk of paying over half of their disposable income on electricity and gas bills this winter, despite the administration's guarantee on energy price, as per a report. Even with the assistance fr...

US senator Manchin issues energy bill to speed up federal power projects
US senator Manchin issues energy bill to speed up federal power projects
By Pranali Mehta

US senator Joe Manchin has reportedly issued an energy permitting bill to accelerate the clean energy and fossil fuel projects. The bill is anticipated to be part of a resolution that Congress must approve before October 1st to temporarily finance...