M&A Deal Summary

Akamai Technologies Acquires Linode

On February 15, 2022, Akamai Technologies acquired information technology company Linode for 900M USD

Acquisition Highlights
  • This is Akamai Technologies’ 16th transaction in the Information Technology sector.
  • This is Akamai Technologies’ largest (disclosed) transaction.
  • This is Akamai Technologies’ 21st transaction in the United States.
  • This is Akamai Technologies’ 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2022-02-15
Target Linode
Sector Information Technology
Buyer(s) Akamai Technologies
Deal Type Add-on Acquisition
Deal Value 900M USD
Advisor(s) Citizens Digital Infrastructure M&A Advisory (Financial)
Latham & Watkins (Legal)

Target

Linode

Philadelphia, Pennsylvania, United States
Linode is an infrastructure-as-a-service platform is deployed across 11 global markets from data centers around the world and is supported by Next Generation Network, advanced APIs, comprehensive services, and a vast library of educational resources. Linode products, services, and people enable developers and businesses to build, deploy, and scale applications more easily and cost-effectively in the cloud. Linode is based in Philadelphia, Pennsylvania.

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Buyer(S) 1

Buyer

Akamai Technologies

Cambridge, Massachusetts, United States
Category Company
Founded 1998
Sector Information Technology
Employees8,780
Revenue 3.8B USD (2023)
DESCRIPTION
Akamai's corporate headquarters in Cambridge, Massachusetts.
Akamai's corporate headquarters in Cambridge, Massachusetts.

Akamai Technologies is a provider of cloud services for delivering, optimizing and securing online content and business applications. Akamai was formed in 1998 and is based in Cambridge, Massachusetts.

DEAL STATS #
Overall 29 of 34
Sector (Information Technology) 16 of 19
Type (Add-on Acquisition) 28 of 31
State (Pennsylvania) 1 of 1
Country (United States) 21 of 25
Year (2022) 1 of 1
Size (of disclosed) 1 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-29 GuardiCore

Tel Aviv, Israel

GuardiCore is an emerging data center and cloud security vendor focused on active breach detection, process-level visibility and segmentation of network traffic, and real-time response. GuardiCore was founded in 2013 and is based in Tel Aviv, Israel.

Buy $600M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-02 Ondat

London, United Kingdom

Ondat is a cloud-native, software-defined storage solution to deliver persistent storage for Kubernetes. Ondat is built from the ground-up with no legacy restrictions to give developers working with cloud-native workloads total control of storage with no compromise on performance, availability, or security. Ondat was founded in 2015 and is headquartered in London, United Kingdom.

Buy -
Mergr

Product

Company

Legal