Akamai Completes Acquisition of Netli

Akamai Technologies, Inc. today announced it has completed its acquisition of Netli, Inc., a privately held company based in Mountain View, California. Akamai announced a definitive agreement on February 5, 2007 to acquire Netli in a merger transaction.

Akamai acquired Netli in an effort to enhance its application acceleration solutions, which are designed to improve the performance of Web- and other Internet-based applications. By combining Netli's high performance communications protocol with Akamai's worldwide network of servers and unique capabilities to route Internet traffic around points of congestion, Akamai expects to offer businesses the most effective managed services for accelerating online applications.

"We believe the majority of today's successful enterprises doing business online require both content and application acceleration," said Paul Sagan, president and CEO of Akamai. "With our acquisition of Netli now complete, we are excited to add more value to our portfolio of managed services. Netli has developed important technology and operational expertise in the area of application acceleration, and by combining our efforts we expect to offer a compelling and comprehensive set of solutions."

Under terms of the agreement, Akamai acquired all of the outstanding equity of Netli by issuing approximately 3.2 million shares of Akamai common stock in a private placement. The merger transaction will be accounted for by Akamai under the purchase method of accounting.

Akamai expects to provide an update on its integration plans for Netli during Akamai's next quarterly investor call - Akamai.