Akamai Technologies, Inc. completed the acquisition of Noname Gate, Inc. from a group of shareholders for approximately $450 million.
June 24, 2024
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Akamai Technologies, Inc. (NasdaqGS:AKAM) entered into a definitive agreement to acquire Noname Gate, Inc. from a group of shareholders for approximately $450 million on May 7, 2024. The purchase price is subject to customary purchase price adjustments. Akamai plans to fund the acquisition of Noname Security with cash, cash equivalents and marketable securities on hand. Noname's over 200 employees, including CEO and Co-founder, Oz Golan, are expected to join Akamai's Security Technology Group. The closing of the transaction, which is subject to customary closing conditions, is expected to occur in the second quarter of 2024. For the fiscal year 2024, the acquisition is anticipated to deliver approximately $20 million of revenue, be dilutive to non-GAAP operating margin by approximately 0.50%, and be dilutive to non-GAAP net income per diluted share by approximately $0.10. Hal Leibowitz, Mark Nylen, Louise Luongo, Amy Null, Atul Jain, Stephen Gillespie, Kirk Nahra, Meghan Walsh, Bill Caporizzo, and Julie Murphy of WilmerHale acted as legal advisors to Akamai. Stuart Rogers of Alston & Bird, LLP represented Morgan Stanley (NYSE:MS) which acted as financial advisor to Akamai Technologies, Inc. J.P. Morgan Securities LLC acted as financial advisor to Noname Gate, Inc.
Akamai Technologies, Inc. (NasdaqGS:AKAM) completed the acquisition of Noname Gate, Inc. from a group of shareholders June 25, 2024.
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. 
