Network Computing is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Akamai Nets Netli for $180M

Managed service provider Akamai and HP both made forays into the application delivery space today, buying startups in an attempt to bolster their WAN optimization and monitoring stories. (See HP Acquires Bristol and Akamai Acquires Netli.)

Akamai acquired application acceleration specialist Netli, which has recently been pushing into the online backup and business continuity space.

HP, for its part, signed a deal to acquire Bristol Technology, which develops software for monitoring claims processing and inventory management applications. Neither firm revealed the financial details of their acquisitions.

That said, Akamai did confirm that it will acquire all of Netli's outstanding equity in exchange for approximately 3.2 million shares of its own stock. Based on current prices, this would make the deal worth around $180 million.

Increasingly, users are looking for ways to speed up and get better control over their enterprise applications -- hence Akamai and HP's decision to step into this space. (See Silver Peak Pockets $17M and Carlson Wagonlit.)

  • 1