Akamai Technologies, Inc. completed the acquisition of Janrain, Inc. from Salesforce Ventures, Inc., Emergence Capital Partners, Millennium TVP Management Company, LLC and others.
January 24, 2019 at 04:00 am
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Akamai Technologies, Inc. (NasdaqGS:AKAM) entered into a definitive agreement to acquire Janrain, Inc. from Salesforce Ventures, Inc., Emergence Capital Partners, Millennium TVP Management Company, LLC and others for approximately $125 million on January 7, 2019. The consideration will be paid in cash. As of January 31, 2019 early termination notice was received from federal trade commission. The transaction is expected to close early in the first quarter of 2019. Akamai Technologies, Inc. anticipates the Janrain, Inc. acquisition to be slightly dilutive to its non-GAAP net income per share for 2019, in the range of $0.05 to $0.06, and to become accretive in 2020. Hal Leibowitz, Bill Caporizzo, Joe Conahan, Reed Freeman, Ashwin Gokhale, Amy Null, Meghan Walsh, Patrick Bernhardt, Mark Nylen and Michael Lopes of Wilmer Cutler Pickering Hale and Dorr LLP acted as a legal adviser to Akamai Technologies.
Akamai Technologies, Inc. (NasdaqGS:AKAM) completed the acquisition of Janrain, Inc. from Salesforce Ventures, Inc., Emergence Capital Partners, Millennium TVP Management Company, LLC and others on January 24, 2019.
Akamai Technologies, Inc. is the world's No. 1 supplier of Internet applications and content distribution acceleration services. The activity is organized primarily around 3 areas:
- content distribution: transmission, storage, and management of data flows, media content, electronic applications, etc.;
- development of applications on Internet sites: applications for recording user visits to sites, research, etc.;
- other: data management, distribution control, application performance measurement, secure content transmission, etc.
At the end of 2023, the group had a platform of more than 350,000 servers interconnected to more than 1,300 Internet access supplier networks worldwide.
The United States account for 51.7% of net sales.
Akamai Technologies, Inc. completed the acquisition of Janrain, Inc. from Salesforce Ventures, Inc., Emergence Capital Partners, Millennium TVP Management Company, LLC and others.
AKAMAI TECHNOLOGIES, INC. 
