Akamai acquires Linode for $900M – TechCrunch

Akamai, the corporate you in all probability principally consider as a content material supply community however that additionally presents safety and edge computing providers, right this moment introduced that it has acquired Linode. The worth of the acquisition is $900 million, with Akamai anticipating Linode so as to add about $100 million in income for its fiscal yr 2022.

Linode, which launched again in 2003, shortly made a reputation for itself as an inexpensive place to lease digital personal servers. That was shortly earlier than AWS turned cloud computing right into a buzzword and on the time, VPSs have been the way in which to host your personal web sites or primary internet apps. Since then, the corporate continued to broaden its choices as each the hyper clouds and rivals like DigitalOcean began to emerge. In contrast to a few of its rivals, Linode boostrapped and by no means took any exterior funding.

At present, Linode presents all of the core cloud providers that builders count on (as do many of the early VPS suppliers). That features compute, but additionally block and object storage, managed database, load balancers and, most lately, a managed Kubernetes service for operating containerized functions.

Picture Credit: Linode

Akamai says it’s shopping for Linode to assist it “grow to be the world’s most distributed compute platform, from cloud to edge.”

“The chance to mix Linode’s developer-friendly cloud computing capabilities with Akamai’s market-leading edge platform and safety providers is transformational for Akamai,” mentioned Akamai CEO and co-founder Dr. Tom Leighton in right this moment’s announcement. “Akamai has been a pioneer within the edge computing enterprise for over 20 years, and right this moment we’re excited to start a brand new chapter in our evolution by creating a novel cloud platform to construct, run and safe functions from the cloud to the sting. This an enormous win [sic!] for builders who will now be capable of construct the subsequent technology of functions on a platform that delivers unprecedented scale, attain, efficiency, reliability and safety.​”

Linode will proceed to function as ordinary in the interim and the corporate says that Akamai has “no intention of fixing what has made us profitable.”

“There may be pure synergy between Akamai and Linode, not solely in our missions and cultures, however within the potent mixture of strengths we every deliver to the desk,” writes Linode founder Christopher Aker. “The wedding of Linode’s compute and storage merchandise with Akamai’s serverless, CDN, and safety options, will give clients a broader vary of providers to construct, modernize, and scale the subsequent technology of functions.”

We’ve requested the 2 firms for extra particulars about their future plans and can replace this put up as soon as we hear extra.