February 5, 2007 7:10 AM PST

Akamai to buy Netli

Web content delivery network Akamai Technologies said on Monday that it has reached an agreement to buy Netli, an 8-year-old company that has built a service for speeding up Internet applications.

Akamai said it intends to incorporate Netli's services into its current offerings, which are used to improve performance of applications that run over the Internet, such as those used by video-sharing sites. Netli developed a protocol to optimize the transmission of data over wide-area networks. Netli raised $47 million in venture funding. Akamai said that it will purchase the equity in Netli for about 3.2 million shares of Akamai stock but did not indicate the purchase price.

See more CNET content tagged:
Akamai Technologies Inc., Internet application

 

Join the conversation

Add your comment

The posting of advertisements, profanity, or personal attacks is prohibited. Click here to review our Terms of Use.

Inside CNET News

1-2 of 12

Scroll Left Scroll Right

RSS Feeds

Add headlines from CNET News to your homepage or feedreader.

Markets

Market news, charts, SEC filings, and more

Related quotes

AKAMAI TECHNOLOGIES (0.13%) 0.05 38.48
Dow Jones Industrials (0.41%) 52.22 12,853.45
S&P 500 (0.46%) 6.15 1,348.79
NASDAQ (0.62%) 17.86 2,921.74
CNET TECH (0.53%) 10.71 2,042.73
  Symbol Lookup