Akamai is paying at least $268m in cash for Cotendo (plus what it said was the assumption of outstanding unvested options to purchase Cotendo common stock).
Akamai Technologies, a Nasdaq-listed web applications provider , has won the right to buy Cotendo, a developer of cloud-based acceleration technologies with offices in Israel and the US backed by a consortium including three corporate venturing units.
Akamai is paying at least $268m in cash for Cotendo (plus what it said was the assumption of outstanding unvested options to purchase Cotendo common stock). Since 2008, Contendo has raised more than $40m from a group including software company Citrix Systems,…
