Akamai acquires video delivery firm Octoshape

Akamai Technologies has acquired Octoshape, a provider of video over internet.

Akamai has not disclosed the financial terms but confirmed it will acquire all outstanding equity of Octoshape in a cash transaction.

The company officials said the acquisition is not material to Akamai’s financials.

Solutions from Octoshape, a private company established in 2003, assist to optimize the quality of video streams for over-the-top (OTT) content and enable Internet Protocol television (IPTV) solutions.

Akamai expects the acquisition of Octoshape will provide technology and experience in the area of streaming video optimization.

The company has created transport methods for the delivery of video streams across the Internet using standard media formats and players, with a combination of patented video and network optimization technologies.

Akamai has generated revenue of $1,964 million in 2014, which is 24 percent up from 2013.

“We believe this acquisition will bolster our strategy to further the deployment of Akamai software into devices, carrier networks, enterprises, and homes, and to fulfill the promise of an Internet that is fast, reliable and secure on any device, anywhere,” said Tom Leighton, CEO of Akamai.

Last month Akamai Technologies acquired Xerocole, a provider of recursive DNS functionality, in a bid to expand its DNS product portfolio.

Toshiba Corporation Semiconductor & Storage Products Company deployed Akamai to improve access-speed issues in conjunction with the consolidation of the company’s global websites in February 2015.

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