Wednesday, April 11, 2007

Akamai Acquires Red Swoosh for Media File Management

Akamai Technologies has acquired Red Swoosh in a stock deal valued at approximately $15 million. Red Swoosh has developed client-side technology for supporting the management and distribution of media files in a controlled fashion. The technology helps content publishers and distributors to manage and monetize large-file distribution to edge devices, such as set top boxes and personal computers.