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Mid-Morning Market Update: Markets Slip; Akamai To Acquire Prolexic For Around $370M

2013-12-02 22:44:40| Waste Management - Topix.net

Following the market opening Monday, the Dow traded down 0.19 percent to 16,056.73 while the NASDAQ tumbled 0.08 percent to 4,056.75.

Tags: market update markets slip

Akamai to Acquire DDoS Security Firm Prolexic for $370M

2013-12-02 22:34:49| PC Magazine Software Product Guide

Akamai Technologies on Monday announced it has agreed to buy Prolexic Technologies for about $370 million in cash to bolster its cybersecurity offerings.

Tags: security firm acquire ddos

Akamai to buy DDoS protection specialist Prolexic

2013-12-02 16:36:46| InfoWorld: Top News

Content delivery services provider Akamai Technologies plans to buy Prolexic Technologies, a distributed denial-of-service (DDoS) mitigation specialist, for $370 million in cash. Akamai, in Cambridge, Mass., runs one of the world's largest content delivery networks with 137,000 servers in 87 countries. Its clients span a variety of industries and include a third of the companies on the Fortune Global 500 list.

Tags: buy protection specialist ddos

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.

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