Akamai (News - Alert) Technologies, a cloud platform that helps enterprises offer secure, high-performing user experiences on any device, anywhere, completed the acquisition of FastSoft (News - Alert), a provider of content acceleration software.
Combining FastSoft with Akamai's existing network protocols is expected to help enable Akamai to optimize server capacity, deliver higher throughput for video, and bring greater efficiency to its global platform.
Established in 2006, FastSoft's patented FastTCP algorithms improves Transmission Control Protocol (TCP), adding intelligence and design to increase the speed of dynamic page views and file transfer downloads while reducing the effects of network latency and packet loss. Performance of website and web application across the first and last miles, as well as through the cloud, can well be improved using FastSoft’s technology without requiring client software or browser plug-ins.
"FastSoft has developed unique acceleration software that is expected to be a strong complement to Akamai," Bill Wheaton, senior vice president and general manager, Media Division at Akamai said in a statement.
"Their development team possesses extensive experience in advanced TCP technology that we believe can enhance the delivery of rich media, as well as support future initiatives in the areas of mobile applications and cloud performance," Wheaton added.
The acquisition is also believed to complement Akamai's cloud infrastructure solutions with technology for optimizing the throughput of video and other digital content across IP networks. Moreover, the current FastSoft team will be integrated into Akamai's engineering group, establishing a Center of Excellence in Pasadena, California around network protocols and optimization technology.
"Our content acceleration technology is used by some of the largest companies on the Internet. We are excited to join forces with Akamai in helping to make the Internet as fast as possible," Ed Snyder, chief executive officer at FastSoft said in statement.
Akamai’s statement clarified that this acquisition is not expected to have a material impact on Akamai's financials.
In other news, Akamai Technologies introduced the new Sola Media Solutions portfolio. A comprehensive set of cloud based, integrated services, Sola Media is designed to offer customers a powerful, yet easy-to-use way to address the challenges of online media workflow, storage and delivery.
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