Akamai Buys P2P Tech Provider RedSwoosh For $15 Million
By Rafat Ali - Thu 12 Apr 2007 11:11 AM PST
Akamai, the big CDN, has finally made a push in P2P delivery and has bought the smallish Santa Monica-based P2P tech provider RedSwoosh. The acquisition is valued at about $15 million, net of cash acquired...it is an all-stock transaction. Mark Cuban was an investor in the company. RS founder and CEO Travis Kalanick is perhaps better known for being part of the team that founded Scour, the Michael Ovitz-backed file-sharing service that the entertainment industry sued out of existence.
RedSwoosh’s technology is designed to manage and monetize large-file distribution through P2P to devices such as set top boxes and PCs. Its employees will be integrated into Akamai’s engineering personnel in California.
More details in release.
Related:
-- Red Swoosh Gets $1.73 Million
-- Mark Cuban’s HDNet To Launch Online Downloads
-- Scour Founder Rebounds With Red Swoosh
Disclosure: Akamai is a sponsor.
Posted in: Broadband, Technologies/Formats, P2P, VC+M&A
