Cotendo provides acceleration services and solutions for Web applications, static and dynamic Web content, SSL, performance monitoring and automatic failover, adaptive image compression, and real-time cloud reports and analytics. Akamai stated in a news release on the deal that Cotendo’s offerings would be applied in particular to mobile accessibility and functionality with Akamai’s existing cloud platforms for any device.
Cotendo CEO and co-founder Ronni Zehavi said in a news release that the combination of his company’s with Akamai is expected to create a “comprehensive, global platform and wider portfolio of leading-edge services supported by some of the most experienced providers in the industry.”
Cotendo was founded in 2008 and has about 100 employees split between its Sunnyvale, Calif. headquarters and a tech center in Israel. Its clients include Google, Digg and sites for the French government’s energy customer communications.
The deal involves a net cash payment and is expected to close in the first half of 2012, according to a news release. Massachusetts-based Akamai tallied $1.02 billion in revenue in 2010, up 19 percent from the previous year, according to online financial documents, with customer strengths in the media, retail and financial services industries.