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RumorTT: Akamai to buy Cotendo for $300 million

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

Anthony Garreffa | Nov 28, 2011 at 1:27 am CST (0 mins, 32 secs time to read)

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".

RumorTT: Akamai to buy Cotendo for $300 million | TweakTown.com

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.

Last updated: Apr 7, 2020 at 11:24 am CDT

Anthony Garreffa

ABOUT THE AUTHOR - Anthony Garreffa

Anthony is a long time PC enthusiast with a passion of hate for games built around consoles. FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with custom-built PCs. His addiction to GPU tech is unwavering.

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