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RumorTT: Akamai to buy Cotendo for $300 million

RumorTT: Cotendo to be scooped up by Akamai for $300 million

| Business, Financial & Legal News | Posted: Nov 28, 2011 7:27 am

Israel-based CDN startup Cotendo is about to be sold to Akamai to the tune of $300 million. There has been no comment from either Cotendo or Akamai, with Akamai giving the usual response of "our policy is not to respond to rumors".

 

TweakTown image news/2/1/21717_10_rumortt_akamai_to_buy_cotendo_for_300_million.jpg

 

Cotendo has 90 employees and lists Google, Facebook, Microsoft and AOL amongst its customers. In addition to a number of VC funds, Cotendo has Citrix and Juniper as shareholders and strategic partners. Cotendo's revenues for 2011 are expected to reach between $20 and $30 million.

 

One year ago, MIT and Akamai filed a patent infringement lawsuit against Cotendo, shortly after AT&T announced it will use Cotendo's technology.

NEWS SOURCE
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