AKAM - Akamai Technologies to acquire cloud storage tech firm Ondat

• Akamai Technologies ( NASDAQ: AKAM ) has agreed to acquire cloud-based storage technology provider, Ondat.
• Financial terms of the deal were not disclosed. Akamai ( AKAM )  anticipates no material impact to its financial guidance for 2023 as a result of the transaction.
• Headquartered in London, U.K., Ondat has developed a Kubernetes-native platform for running stateful applications anywhere at scale. Its employees, including founder and chief technology officer Alex Chircop, will join Akamai's cloud computing business.
• The acquisition of Ondat's cloud storage technology is intended to strengthen Akamai's ( AKAM )  cloud computing offerings.
• The deal is expected to close in the first quarter of 2023.

For further details see: