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Akamai Technologies Named Finalist for Two Mit Ecommerce Awards
CAMBRIDGE, MA, May 4, 1999 -- Akamai Technologies, Inc. announced today that it has been recognized as a finalist in the MIT Sloan eCommerce Awards competition. The company received the award in two categories of the competition: "Rookie of the Year," which is bestowed upon the most promising up-and-coming company, as well as Technology Innovator, which is conferred upon the company with the most promising technology. Akamai is joined in receiving this prestigious recognition by other finalists such as Ariba, Be Free, Marimba, MP3.com, Net Perceptions, NetZero, Planet RX, and Priceline.com.
The awards will be given out in a ceremony at MIT on Tuesday, May 11 at 6:30 p.m., and will be broadcast live over the Internet on www.mitawards.org. "We are honored by MIT's recognition and by being associated with other finalists of such high caliber," said George Conrades, Akamai's Chairma n and CEO. "As eCommerce becomes increasingly important in the global economy, Akamai's leadership in providing Internet content distribution services will play a crucial role."
Founded last year by a group of world-class mathematicians and experience Internet business professionals, Akamai offers an Internet content delivery service. Based upon its global fault-tolerant network, the company's FreeFlowSM service speeds up the delivery of rich Web pages and enables businesses with large audiences to serve them reliably and with high-performance. Built on its patent-pending technology, Akamai has implemented a global network of over 400 servers to date and has built capacity to deliver 7 gigabits per second of throughput - equivalent to the peak demand of the top 20 Web sites combined. Akamai is currently implementing FreeFlow with some of the largest Internet properties, including many of the world's most-visited Web sites.
Akamai received more than $8-million in initial financing in late 1998, led by Battery Ventures, based in Wellesley, Mass, and Polaris Venture Partners, based in Boston and Seattle.
Akamai Technologies is transforming the way that content is distributed over the Internet. Akamai Technologies -- www.akamai.com -- is headquartered in Cambridge, Mass. Akamai (pronounced Ah'kah'my) is Hawaiian for intelligent, clever and cool.
About Akamai
Akamai Technologies is headquartered in Cambridge, Massachusetts and has offices in San Mateo and Cupertino, California, and Europe. Akamai is the leader in distributed content, streaming media, and applications delivery, serving over 225 of the Web's most popular properties including over 100 leading e-commerce companies. Akamai has deployed the broadest global network for content, streaming media, and applications delivery with more than 2000 servers in over 40 countries directly connected to more than 100 different telecommunications networks. Akamai (pronounced AH kuh my) is Hawaiian for intelligent, clever and cool.
| Contacts: |
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| Jeff Young Akamai Technologies 617-250-3913 jyoung@akamai.com |
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CAMBRIDGE, MA, May 4, 1999 -- Akamai Technologies, Inc. announced today that it has been recognized as a finalist in the MIT Sloan eCommerce Awards competition. The company received the award in two categories of the competition: "Rookie of the Year," which is bestowed upon the most promising up-and-coming company, as well as Technology Innovator, which is conferred upon the company with the most promising technology. Akamai is joined in receiving this prestigious recognition by other finalists such as Ariba, Be Free, Marimba, MP3.com, Net Perceptions, NetZero, Planet RX, and Priceline.com.
The awards will be given out in a ceremony at MIT on Tuesday, May 11 at 6:30 p.m., and will be broadcast live over the Internet on www.mitawards.org. "We are honored by MIT's recognition and by being associated with other finalists of such high caliber," said George Conrades, Akamai's Chairma n and CEO. "As eCommerce becomes increasingly important in the global economy, Akamai's leadership in providing Internet content distribution services will play a crucial role."
Founded last year by a group of world-class mathematicians and experience Internet business professionals, Akamai offers an Internet content delivery service. Based upon its global fault-tolerant network, the company's FreeFlowSM service speeds up the delivery of rich Web pages and enables businesses with large audiences to serve them reliably and with high-performance. Built on its patent-pending technology, Akamai has implemented a global network of over 400 servers to date and has built capacity to deliver 7 gigabits per second of throughput - equivalent to the peak demand of the top 20 Web sites combined. Akamai is currently implementing FreeFlow with some of the largest Internet properties, including many of the world's most-visited Web sites.
Akamai received more than $8-million in initial financing in late 1998, led by Battery Ventures, based in Wellesley, Mass, and Polaris Venture Partners, based in Boston and Seattle.
Akamai Technologies is transforming the way that content is distributed over the Internet. Akamai Technologies -- www.akamai.com -- is headquartered in Cambridge, Mass. Akamai (pronounced Ah'kah'my) is Hawaiian for intelligent, clever and cool.
About Akamai
Akamai Technologies is headquartered in Cambridge, Massachusetts and has offices in San Mateo and Cupertino, California, and Europe. Akamai is the leader in distributed content, streaming media, and applications delivery, serving over 225 of the Web's most popular properties including over 100 leading e-commerce companies. Akamai has deployed the broadest global network for content, streaming media, and applications delivery with more than 2000 servers in over 40 countries directly connected to more than 100 different telecommunications networks. Akamai (pronounced AH kuh my) is Hawaiian for intelligent, clever and cool.
