Monday, November 11, 2013

Akamai Acquires Velocius Networks

Akamai Technologies has acquired Velocius Networks, a provider of quality of service (QoS) technology for optimizing application traffic across enterprise networks, for an undisclosed amount of cash.

Velocius Networks is a privately-funded start-up with five employees. The entire team will be integrated into Akamai's engineering group in India. The acquisition is not material to Akamai's financials. Velocius was established in 2011.

Akamai said the acquisition complements its hybrid cloud optimization strategy for optimizing IP application traffic across the Internet for remote and branch end-users. The Velocius QoS technology is expected to be integrated into Akamai's existing technology to provide traffic prioritization and shaping capabilities for IP traffic accessed over Akamai's Intelligent Platform. This plan is designed to enable Akamai to offer enterprise-class service levels for customers accessing IP applications over the Internet.

"We see this acquisition as an important investment in engineering talent and technology that is intended to complement our hybrid cloud optimization strategy," said Tom Leighton, CEO of Akamai. "We believe Velocius Networks' QoS technology will further enable us to bring enterprise class of service to IP applications accessed over the Internet – an area where we have seen increased demand from our enterprise customer base."