M&A Deal Summary

Akamai Technologies Acquires Netli

On March 14, 2007, Akamai Technologies acquired internet software and services company Netli from Alta Partners for 178M USD

Acquisition Highlights
  • This is Akamai Technologies’ 3rd transaction in the Internet Software and Services sector.
  • This is Akamai Technologies’ 6th largest (disclosed) transaction.
  • This is Akamai Technologies’ 3rd transaction in the United States.
  • This is Akamai Technologies’ 3rd transaction in California.

M&A Deal Summary

Date 2007-03-14
Target Netli
Sector Internet Software and Services
Buyer(s) Akamai Technologies
Sellers(s) Alta Partners
Deal Type Add-on Acquisition
Deal Value 178M USD

Target

Netli

Mountain View, California, United States
Netli is the first service provider to deliver a business-quality Internet. Netli addresses the limitations of the Internet and enables customers to transparently extend the reach of their Web-enabled enterprises without distributing complex applications or paying for costly additional infrastructure

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Buyer(S) 1

Buyer

Akamai Technologies

Cambridge, Massachusetts, United States

Category Company
Founded 1998
Sector Information Technology
Employees10,700
Revenue 4.0B USD (2024)
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 3 of 35
Sector: Internet Software and Services M&A 3 of 10
Type: Add-on Acquisition M&A Deals 3 of 32
State: California M&A 3 of 13
Country: United States M&A 3 of 26
Year: 2007 M&A 1 of 2
Size (of disclosed) 6 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-11-20 Nine Systems

San Diego, California, United States

Nine Systems Corp. provides software solutions for media production, publishing, and distribution.

Buy $164M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-04-12 Red Swoosh

San Francisco, California, United States

Red Swoosh's technology is designed to empower content publishers and distributors to manage and monetize large-file distribution to edge devices, such as set top boxes and personal computers. Red Swoosh, Inc.,has developed innovative client-side technology for supporting the management and distribution of media files in a controlled fashion, respecting the rights restrictions and copyrights of all publishers. By providing a controlled environment with effective business rules.

Buy $19M

Seller(S) 1

SELLER

Alta Partners

Jackson, Wyoming, United States

Investor Investor Investor Investor


Category Venture Capital Firm
Founded 1996
PE ASSETS 2.6B USD
Size Large
Type Sector Focused
DESCRIPTION

Alta Partners is a venture capital firm that targets investments in early and later stage life science companies, including biopharmaceuticals, medical technology, and information technology businesses. Alta was formed as an early stage investor but has since expanded its investment range to provide later stage growth capital to private and young public companies. Alta was established in 1996 and is headquartered in San Francisco, California.


DEAL STATS #
Overall 34 of 85
Sector: Internet Software and Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 23 of 45
State: California M&A 16 of 41
Country: United States M&A 29 of 75
Year: 2007 M&A 3 of 6
Size (of disclosed) 17 of 23
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-02-01 Arrow Therapeutics

London, United Kingdom

Arrow Therapeutics utilizes its genome-based target discovery technology to search for novel anti-microbial compounds. The Company is focused on unexplored targets for antibiotics, anti-viral, and anti-fungal therapies and aims to overcome the rapidly growing problem of microbial resistance.

Sell $150M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-03-31 Neothetics

San Diego, California, United States

Neothetics is a clinical-stage specialty pharmaceutical company developing therapeutics for the aesthetic market. Neothetics was founded in 2007 and is based in San Diego, California.

Buy -