EXHIBIT 99.1
FOR IMMEDIATE RELEASE
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Contacts:
Jeff Young
Media Relations
617-444-3913
jyoung@akamai.com
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or
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Sandy Smith
Investor Relations
617-444-2804
ssmith@akamai.com |
Akamai Completes Acquisition of Netli
CAMBRIDGE, MA March 14, 2007 Akamai Technologies, Inc. (NASDAQ: AKAM) today announced it
has completed its acquisition of Netli, Inc., a privately held company based in Mountain View,
California. Akamai announced a definitive agreement on February 5, 2007 to acquire Netli in a
merger transaction.
Akamai acquired Netli in an effort to enhance its application acceleration solutions, which are
designed to improve the performance of Web- and other Internet-based applications. By combining
Netlis high performance communications protocol with Akamais worldwide network of servers and
unique capabilities to route Internet traffic around points of congestion, Akamai expects to offer
businesses the most effective managed services for accelerating online applications.
We believe the majority of todays successful enterprises doing business online require both
content and application acceleration, said Paul Sagan, president and CEO of Akamai. With our
acquisition of Netli now complete, we are excited to add more value to our portfolio of managed
services. Netli has developed important technology and operational expertise in the area of
application acceleration, and by combining our efforts we expect to offer a compelling and
comprehensive set of solutions.
Under terms of the agreement, Akamai acquired all of the outstanding equity of Netli by issuing
approximately 3.2 million shares of Akamai common stock in a private placement. The merger
transaction will be accounted for by Akamai under the purchase method of accounting.
Akamai expects to provide an update on its integration plans for Netli during Akamais next
quarterly investor call.
About Akamai
Akamai® is the leading global service provider for accelerating content and business
processes online. Thousands of organizations have formed trusted relationships with Akamai,
improving their revenue and reducing costs by maximizing the performance of their online
businesses. Leveraging the Akamai EdgePlatform, these organizations gain business advantage today,
and have the foundation for the emerging Web solutions of tomorrow. Akamai is The Trusted Choice
for Online Business. For more information, visit www.akamai.com.
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The release contains information about future expectations, plans and prospects of Akamais
management that constitute forward-looking statements for purposes of the safe harbor provisions
under The Private Securities Litigation Reform Act of 1995, including statements regarding the
expected benefits of the acquisition of Netli and Akamais expected timing for an integration
update. 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, expectations
regarding the performance of the combined business, difficulty in integrating Netlis operations
with Akamais, failure of Akamais network infrastructure, continuing market acceptance of our
services and those provided by Netli and other factors that are discussed in the Companys Annual
Report on Form 10-K, quarterly reports on Form 10-Q, and other documents periodically filed with
the SEC.