December 23, 2011 – Cloud platform provider Akamai Technologies Inc. will pay $268 million for Web and mobile cloud acceleration provider Cotendo.

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.

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