Akamai, the corporate you most likely largely consider as a content material supply community however that additionally provides safety and edge computing companies, immediately announced that it has acquired Linode. The value of the acquisition is $900 million, with Akamai anticipating Linode so as to add about $100 million in income for its fiscal yr 2022.
Linode, which launched again in 2003, shortly made a reputation for itself as an reasonably priced place to hire digital personal servers. That was shortly earlier than AWS turned cloud computing right into a buzzword and, on the time, VPSes had been the way in which to host your personal web sites or primary net apps. Since then, the corporate continued to increase its choices as each the hyper clouds and rivals like DigitalOcean began to emerge. Unlike a few of its rivals, Linode boostrapped and by no means took any exterior funding.
Today, Linode provides all of the core cloud companies that builders anticipate (as do a lot of the early VPS suppliers). That contains compute, but additionally block and object storage, managed database, load balancers and, most just lately, a managed Kubernetes service for working containerized purposes.
Akamai says it’s shopping for Linode to assist it “turn into the world’s most distributed compute platform, from cloud to edge.”
“The alternative to mix Linode’s developer-friendly cloud computing capabilities with Akamai’s market-leading edge platform and safety companies is transformational for Akamai,” mentioned Akamai CEO and co-founder Dr. Tom Leighton in immediately’s announcement. “Akamai has been a pioneer within the edge computing enterprise for over 20 years, and immediately we’re excited to start a brand new chapter in our evolution by creating a singular cloud platform to construct, run and safe purposes from the cloud to the sting. This an enormous win [sic!] for builders who will now be capable of construct the subsequent technology of purposes on a platform that delivers unprecedented scale, attain, efficiency, reliability and safety.”
Linode will proceed to function as traditional for the time being and the corporate says that Akamai has “no intention of fixing what has made us profitable.”
“There is pure synergy between Akamai and Linode, not solely in our missions and cultures, however within the potent mixture of strengths we every deliver to the desk,” writes Linode founder Christopher Aker. “The marriage of Linode’s compute and storage merchandise with Akamai’s serverless, CDN, and safety options, will give prospects a broader vary of companies to construct, modernize, and scale the subsequent technology of purposes.”
Unlike Linode, Akamai by no means provided a lot of a self-serve SaaS product for builders, one thing that’s now just about anticipated available in the market. With this, it’s getting a foothold on this area and buying an organization that, regardless of some safety missteps prior to now, remains to be spoken of extremely by many builders who’ve used it for each skilled and aspect initiatives over time.
We’ve requested the 2 firms for extra particulars about their future plans and can replace this submit as soon as we hear extra.
https://techcrunch.com/2022/02/15/akamai-acquires-linode-for-900m/
