Akamai Technologies (AKAM) Speeds Up Internet With FastSoft Inc.

Akamai Technologies, Inc. (NASDAQ:AKAM) released a statement today that they have acquired content accelerator FastSoft Inc.

FastSoft have a number of technologies that could benefit Akamai such as content acceleration software, patented algorithms for the TCP protocol and efficient handling of file transfer technology among other things. These things combined could and hopefully should reduce server load of Akamai servers.

“FastSoft has developed unique acceleration software that is expected to be a strong complement to Akamai,” said Bill Wheaton, senior vice president and general manager, Media Division at Akamai. “Their development team possesses extensive experience in advanced TCP technology that we believe can enhance the delivery of rich media, as well as support future initiatives in the areas of mobile applications and cloud performance.”

“Our content acceleration technology is used by some of the largest companies on the Internet,” said Ed Snyder, CEO of FastSoft. “We are excited to join forces with Akamai in helping to make the Internet as fast as possible.”

Akamai said that FastSoft will be put in with their engineering group operating out of a Center of Excellence in Pasadena, California.

Shares of AKAM last closed up +0.75% at $38.17 at the end of Thursday’s trading session.

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