Home Akamai enters agreement to acquire Prolexic
 

Keywords :   


Akamai enters agreement to acquire Prolexic

2013-12-02 15:12:00| Telecompaper Headlines

(Telecompaper) Akamai Technologies and Prolexic Technologies have announced the two companies have signed a definitive agreement for Akamai to acquire Prolexic, provider of cloud-based security services. With this acquisition, Akamai plans to offer customers a portfolio of security services that defends an enterprise's web and IP infrastructure against application-layer, network-layer and data centre attacks delivered via the internet. Under the terms of the agreement, Akamai will acquire all of the outstanding equity of Prolexic in exchange for a net cash payment of approximately USD 370 million, after expected purchase price adjustments, plus the assumption of outstanding invested options to purchase Prolexic stock. The closing of the transaction, subject to customary closing conditions, including regulatory approvals, is expected to occur in the first half of 2014. The Prolexic acquisition does not affect Akamai's Q4 guidance but is expected to be slightly dilutive to Akamai's non-GAAP net income per share in the first year post closure in the range of USD 0.06-0.08. Once the acquisition closes, the company will include Prolexic in its guidance going forward.

Tags: agreement acquire enters akamai

Category:Telecommunications

Latest from this category

All news

»
07.11Genetic Symposium focusing on female reproductive success
07.11UNL commits $5 million to better measure environmental impact of cattle
07.11US cuts interest rates as Trump election raises uncertainty
07.11The Lehigh Short Course Website is Now Open
07.11Carbon Trust Verifies Four BASF Intermediates
07.11Atlantic Tropical Weather Outlook
07.11Eastern North Pacific Tropical Weather Outlook
07.11Producers encouraged to attend Northern Plains Forage Association annual meeting
More »