You might also like
Akamai Technologies operates a massively distributed edge and cloud platform known as Akamai Connected Cloud, which supports their cloud computing, security, and content delivery solutions. The company's primary business activities are centered around these three areas, with security being the largest contributor to revenue. Akamai sells security solutions, including web application firewall, bot management, and Guardicore's micro-segmentation, as well as content delivery network services and compute solutions bolstered by the acquisition of Linode .
- Security Solutions - Provides web application firewall, bot management, and Guardicore's micro-segmentation services, contributing significantly to the company's revenue .
- Compute Solutions - Offers cloud computing services, enhanced by the acquisition of Linode, and plays a substantial role in the company's growth .
- Content Delivery Network (CDN) - Delivers content delivery services, which remain a profitable part of the business despite facing challenges from slower internet traffic growth and increased competition .
| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
F. Thomson Leighton ExecutiveBoard | Chief Executive Officer, President, and Director | N/A | Co-founder of Akamai, instrumental in developing CDN technology, CEO since 2013. | View Report → |
Aaron Ahola Executive | Executive Vice President, General Counsel, and Corporate Secretary | Member of Nasdaq Listing and Hearing Review Council | Joined Akamai in 2000, significant role in legal and corporate governance, promoted to EVP in 2019. | |
Adam Karon Executive | Chief Operating Officer and General Manager of the Cloud Technology Group | N/A | Joined Akamai in 2005, significant role in Media and Carrier Division, COO since 2021. | |
Anthony Williams Executive | Executive Vice President and Chief Human Resources Officer | N/A | Joined Akamai in 2015, focuses on talent acquisition and diversity, CHRO since 2020. | |
Edward McGowan Executive | Executive Vice President, Chief Financial Officer, and Treasurer | Board Member at WinVest Acquisition Corp. | Joined Akamai in 2000, CFO since 2019, oversees global IT organization. | |
Kim Salem-Jackson Executive | Executive Vice President and Chief Marketing Officer | Board Member at Akamai Foundation, Forbes Communications Council, Chief, Fast Company Executive Board | Joined Akamai in 2017, leads global marketing strategies, CMO since 2021. | |
Mani Sundaram Executive | Executive Vice President and General Manager of the Security Technology Group | N/A | Joined Akamai in 2007, significant role in security technology, EVP since 2021. | |
Paul Joseph Executive | Executive Vice President, Global Sales and Services | N/A | Joined Akamai in 2000, promoted to EVP in 2021, oversees global sales and services. | |
Robert Blumofe Executive | Executive Vice President and Chief Technology Officer | N/A | Joined Akamai in 1999, widely published in distributed computing, CTO since 2021. | |
Bernardus Verwaayen Board | Director | General Partner at Keen Venture Partners, Board Member at Renewi plc, Ofcom | Director since 2013, former CEO of Alcatel-Lucent, expertise in telecommunications. | |
Daniel R. Hesse Board | Independent Chair of the Board | Board Member at PNC Corporation | Director since 2016, Chair since 2021, former CEO of Sprint Corporation. | |
Jonathan F. Miller Board | Director | CEO of Integrated Media Co., Advisor at Advancit Capital, Board Member at Interpublic Group | Director since 2015, insight into media and technology developments. | |
Madhu Ranganathan Board | Director | Board Member at Bank of Montreal | Director since 2019, Chair of Audit Committee, CFO of Open Text Corporation. | |
Marianne C. Brown Board | Director | Board Member at Charles Schwab, Northrop Grumman, IBM | Director since 2020, extensive leadership experience in technology sales and strategy. | |
Monte E. Ford Board | Director | Principal Partner at CIO Strategy Exchange, Network Partner at Brightwood Capital, Board Member at Iron Mountain, JetBlue, Centene | Director since 2013, expertise in IT and business analytics. | |
Peter T. Killalea Board | Director | Founder and President of Aionle LLC, Board Member at Capital One, Chair of MongoDB, Board Member at Satellogic | Director since 2018, expertise in internet security and cloud computing. | |
Sharon Y. Bowen Board | Director | Chair of NYSE, Board Member at Intercontinental Exchange, Bakkt Trust Company, Neuberger Berman Group | Director since 2021, brings regulatory and public policy expertise. | |
William R. Wagner Board | Director | Board Member at Avery Dennison, Semrush Holdings, Blackline | Director since 2018, former CEO of a software company, expertise in sales and marketing. |
- Given the ongoing consolidation in the delivery market and the bankruptcy of competitors like EdgeCast and Limelight, how do you see this impacting Akamai's delivery business in the near and long term, and what strategies are you implementing to capitalize on potential market stabilization?
- With the increased investment in cloud computing capabilities and new security products, including the addition of go-to-market positions and specialists, how do you plan to manage the potential strain on operating margins, especially considering the elimination of 2.5% of roles and the need to maintain a 30% operating margin target?
- Despite strong growth in the compute segment, with a 28% year-over-year increase and plans to reach $100 million in ARR by year-end, why aren't we seeing greater evidence of operating leverage and improved profitability, given that compute commands better gross profit characteristics than the declining delivery segment?
- Can you elaborate on the challenges you're facing in the delivery business due to macroeconomic headwinds and slowed traffic growth, and how you plan to address these issues to sustain profitability and market leadership?
- Your strategy includes shifting investments toward hunters and sales specialists as well as strengthening your partner ecosystem to support the new compute and security products; how do you plan to balance this with your existing customer base and ensure that traditional services are not neglected while pursuing new markets?
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
Select Assets from Edgio | 2024 | Akamai acquired selected customer contracts in content delivery and security, along with non‐exclusive license rights to Edgio’s full patent portfolio during a Chapter 11 bankruptcy sale process; the deal is expected to generate $9–11 million in Q4 revenue and $80–100 million in FY2025 revenue while enabling cross-selling of its security and cloud solutions. |
Noname Security | 2024 | Akamai acquired Noname Security for $452.3 million in cash in June 2024 to expand its API security offerings with enhanced deployment options and vendor integrations; the deal, which brought in about $20 million in revenue for 2024 and significant goodwill and intangible assets, is expected to be dilutive to 2024 EPS. |
Certain Customer Contracts from Lumen Technologies, Inc. | 2023 | In October 2023, Akamai acquired selected customer contracts from Lumen for $75 million in cash to bolster its content delivery and cloud services, with anticipated revenue contributions of $40–50 million in 2024 and EPS accretion. |
Certain Customer Contracts from StackPath, LLC | 2023 | In August 2023, Akamai acquired selected customer contracts from StackPath for a preliminary purchase price of $47.2 million (with partial cash payments and milestone-based additional consideration), adding over 200 customers and targeting incremental revenue across Q3 2023 and all of 2024. |
Neosec, Inc. | 2023 | In May 2023, Akamai acquired Neosec for approximately $91.5 million in cash to enhance its API security portfolio with advanced detection and response capabilities, reflecting a transaction that included $67.0 million in goodwill and over $19.9 million in identifiable intangibles. |
StorageOS, Inc. (also known as Ondat) | 2023 | In March 2023, Akamai acquired StorageOS (Ondat) for $20.6 million in cash to strengthen its cloud computing offerings by integrating enterprise-grade storage capabilities, with $14.0 million allocated to goodwill and $4.5 million in identifiable intangibles (amortized over 8.8 years). |
Linode Limited Liability Company | 2022 | Akamai acquired Linode for approximately $898.8 million in cash (subject to post-closing adjustments) in March 2022 to enhance its cloud platform with a massively distributed compute infrastructure, resulting in $68.9 million in revenue for the nine months ended September 2022 and adding $617.7 million in goodwill along with significant intangible assets. |
Recent press releases and 8-K filings for AKAM.
- Akamai Technologies Inc. executed Amendment No. 1 to its Credit Agreement dated November 22, 2022, effective April 17, 2025, with participating lenders and JPMorgan Chase Bank, N.A. as administrative agent.
- The amendment revises key interest rate definitions and notably removes the credit spread adjustment for SOFR borrowings, potentially impacting borrowing costs.
- Akamai Technologies unveiled its new Cloud Inference service on March 27, 2025, delivering 3x throughput improvement, up to 2.5x lower latency, and 86% cost reduction compared to traditional hyperscale infrastructure.
- The service leverages a globally distributed cloud platform with over 4,200 points of presence to support AI inference workloads through integrated compute, containerization, and data management tools.
- It targets enhanced performance for latency-sensitive, AI-powered applications by shifting inference closer to the edge, enabling real-time decision-making and improved scalability.
- Akamai Technologies announced a collaboration with VAST Data to integrate their distributed cloud and data-intensive computing platforms, aiming to deliver faster and more efficient AI inferencing at the edge.
- The partnership is designed to overcome challenges such as latency, cost, and scalability in deploying AI-powered applications, enabling improved local response times and enhanced data accessibility.