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MIT e-Commerce Awards Bestows 'Rookie of the Year' to Akamai Technologies
CAMBRIDGE, MA, May 14, 1999 --- The MIT Sloan eCommerce Awards competition named Akamai Technologies as Rookie of the Year in an event held this week in Cambridge, Massachusetts and on the World Wide Web via Webcast. The Rookie of the Year award is bestowed upon "the most promising up-and-coming company" in the realm of the Internet and eCommerce. In addition to Akamai, four other nominees were considered for this distinction: MP3.com, NetZero, Planet Rx and Priceline.com.
"We are thrilled to be named eCommerce Rookie of the Year and honored to be recognized in a competition which included such a prestigious group of finalists," said Akamai's Chairman and CEO George Conrades. "Since receiving our first round of funding late last year, Akamai has successfully signed up leading eCommerce and media companies as customers, hired top-notch technologists and Internet business professionals, built a world-class network, and secured a second round of financing. The Rookie of the Year award is a testament to our momentum in launching our business and to the promise of our patent-pending technology for speeding up the Web."
The MIT Sloan E-Commerce Awards is a first-of-its-kind award ceremony designed to recognize organizations for their successful innovation in Web-based business. The competition is organized by MIT's Sloan School of Management's new Electronic Commerce and Marketing education program.
Akamai's first service offering, FreeFlowSM, trialed in January and made commercially available in April, was created by top mathematicians and computer scientists from MIT's famed Laboratory for Computer Science. FreeFlow guarantees the fast and reliable delivery of rich Web pages for the world's most heavily visited sites to their visitors from around the world. The award was selected by a committee of distinguished business leaders and MIT faculty, including Michael Dell (founder, Chairman, and CEO of Dell Computer), Shikhar Ghosh (Chairman and co-founder of Open Market), Kim Polese (CEO and Founder of Marimba), Bill Porter (Founder of E*Trade), Alan Webber (Founder of Fast Company magazine) and others.
MIT Sloan's world-renowned faculty also participated on the selection committee, including Michael Cusumano, distinguished Professor of Management at Sloan and Co-Author of "Microsoft Secrets" and "Competing on Internet Time," Nader Tavassoli, Assistant Professor and Co-Director of Sloan's E-Commerce and Marketing program and John Little, Associate Director of Research for the E-Commerce and Marketing program.
Akamai's network is expanding daily. Currently, Akamai's worldwide fault-tolerant network consists of over 500 servers on more than 20 networks, and has a total capacity of over 10 gigabits per second - enough throughput to support the peak demand of the world's 25 top Web sites combined. In the first week of May, Akamai served over one-quarter billion hits per day and 350 megabits per second as an average during peak hours. These extraordinary volumes, however, utilized only 3% of Akamai's total capacity.
The MIT eCommerce Awards builds on the university's extensive expertise in electronic commerce and the Internet, as its distinguished faculty works with industry leaders to develop knowledge, insights and techniques that shape the future of technology and business management. The MIT Sloan School of Management, based in Cambridge, Massachusetts, is one of the world's leading business schools -- conducting cutting-edge research and providing management education to top students from more than 60 different countries.
Akamai Technologies is transforming the way that content is delivered over the Internet. Akamai has been recognized as the winner of the 1999 MIT Sloan eCommerce Award for Rookie Of The Year. Akamai was also lauded as a "Top 10 Company To Watch" in the 1999 "Network World 200." Akamai Technologies --www.akamai.com -- is headquartered in Cambridge, MA.
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: |
||
| Marco Greenberg NYPR 212-367-9600 marco@nypr.com |
--or-- | David Goodtree Akamai Technologies 617-250-3080 david@akamai.com |
CAMBRIDGE, MA, May 14, 1999 --- The MIT Sloan eCommerce Awards competition named Akamai Technologies as Rookie of the Year in an event held this week in Cambridge, Massachusetts and on the World Wide Web via Webcast. The Rookie of the Year award is bestowed upon "the most promising up-and-coming company" in the realm of the Internet and eCommerce. In addition to Akamai, four other nominees were considered for this distinction: MP3.com, NetZero, Planet Rx and Priceline.com.
"We are thrilled to be named eCommerce Rookie of the Year and honored to be recognized in a competition which included such a prestigious group of finalists," said Akamai's Chairman and CEO George Conrades. "Since receiving our first round of funding late last year, Akamai has successfully signed up leading eCommerce and media companies as customers, hired top-notch technologists and Internet business professionals, built a world-class network, and secured a second round of financing. The Rookie of the Year award is a testament to our momentum in launching our business and to the promise of our patent-pending technology for speeding up the Web."
The MIT Sloan E-Commerce Awards is a first-of-its-kind award ceremony designed to recognize organizations for their successful innovation in Web-based business. The competition is organized by MIT's Sloan School of Management's new Electronic Commerce and Marketing education program.
Akamai's first service offering, FreeFlowSM, trialed in January and made commercially available in April, was created by top mathematicians and computer scientists from MIT's famed Laboratory for Computer Science. FreeFlow guarantees the fast and reliable delivery of rich Web pages for the world's most heavily visited sites to their visitors from around the world. The award was selected by a committee of distinguished business leaders and MIT faculty, including Michael Dell (founder, Chairman, and CEO of Dell Computer), Shikhar Ghosh (Chairman and co-founder of Open Market), Kim Polese (CEO and Founder of Marimba), Bill Porter (Founder of E*Trade), Alan Webber (Founder of Fast Company magazine) and others.
MIT Sloan's world-renowned faculty also participated on the selection committee, including Michael Cusumano, distinguished Professor of Management at Sloan and Co-Author of "Microsoft Secrets" and "Competing on Internet Time," Nader Tavassoli, Assistant Professor and Co-Director of Sloan's E-Commerce and Marketing program and John Little, Associate Director of Research for the E-Commerce and Marketing program.
Akamai's network is expanding daily. Currently, Akamai's worldwide fault-tolerant network consists of over 500 servers on more than 20 networks, and has a total capacity of over 10 gigabits per second - enough throughput to support the peak demand of the world's 25 top Web sites combined. In the first week of May, Akamai served over one-quarter billion hits per day and 350 megabits per second as an average during peak hours. These extraordinary volumes, however, utilized only 3% of Akamai's total capacity.
The MIT eCommerce Awards builds on the university's extensive expertise in electronic commerce and the Internet, as its distinguished faculty works with industry leaders to develop knowledge, insights and techniques that shape the future of technology and business management. The MIT Sloan School of Management, based in Cambridge, Massachusetts, is one of the world's leading business schools -- conducting cutting-edge research and providing management education to top students from more than 60 different countries.
Akamai Technologies is transforming the way that content is delivered over the Internet. Akamai has been recognized as the winner of the 1999 MIT Sloan eCommerce Award for Rookie Of The Year. Akamai was also lauded as a "Top 10 Company To Watch" in the 1999 "Network World 200." Akamai Technologies --www.akamai.com -- is headquartered in Cambridge, MA.
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.
