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| Contacts: |
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| Greg Radner CCBN 617.801.7900 gradner@ccbn.com |
--or-- | Felicia Spagnoli Akamai Technologies 617.613.2525 spagnoli@akamai.com |
Companies cement long-term relationship to provide services to global corporations
BOSTON and CAMBRIDGE, MA - July 2, 2001 - CCBN (www.ccbn.com), the leading provider of Internet-based shareholder communications services, and Akamai Technologies, Inc. (Nasdaq: AKAM), the leading provider of distributed application and content delivery services, today announced widespread adoption of the companies' joint solutions for complete financial webcast management in the wake of Regulation FD.The companies jointly delivered nearly 6,000 webcast events in the first six months of 2001, with a combined audience in excess of 1.25 million. These figures represent a 200 percent increase in the number of live events during the same period last year, and a ten-fold increase in the number of listeners. There was also substantial growth in the number of end users listening to the archived replay of these events, up from 100,000 archive listeners in the first 6 months of 2000 to over 3.5 million listeners in the same period in 2001.
"Our goal when we do a webcast is to broadly disseminate the same information to everyone, no matter what level of investor they are," says IR online communications manager Lisa Magleby of Cisco Systems, Inc., which uses CCBN's webcast services extensively for their quarterly earnings conference calls, product announcements, analysts meetings, and conference presentations. "We want to give our shareholders equal access to information, and webcasting gives them a close-up view of our philosophy."
"Akamai has proved to be an invaluable partner in advancing CCBN's efforts to facilitate timely, effective communications between companies and investors via the Internet," said Greg Radner, director of marketing, CCBN. "As the demand for interactive webcasting in the financial sector continues to rise, CCBN, together with Akamai, will continue to provide comprehensive solutions to address enterprise needs for highly scalable, high-performance Web communications. We project that we will reach 10 million listeners in 2001, and we need a global partner like Akamai that can scale to accommodate this growth."
CCBN and Akamai also announced a new multi-year agreement whereby CCBN will continue use of Akamai's globally distributed network of servers and enterprise streaming services to power the Internet-based, financial communications of its more than 2,500 corporate customers.
"The financial community has been at the forefront of Internet use for the delivery of critical, time-sensitive information as well as on-demand events and conferences," said Beau Beck, director of product management, Akamai. "We're excited to expand our relationship with CCBN over the coming years to further assist the adoption of the Internet as a cost-efficient platform for business communications. CCBN is a clear leader in delivering vital news and information to the financial industry."
CCBN enables direct communications between public companies and the investment community, providing in-depth shareholder information through interactive, multimedia solutions. Akamai powers several thousand events for CCBN each quarter, and delivered more than 10,000 events for the company in the past year. By leveraging the Akamai Conference service, CCBN can effectively meet the rapidly growing customer demand for webcast services.
About CCBN
Co-founded in 1997 by Jeffrey P. Parker, creator of First Call, and Robert Adler, CCBN is the global leader in enabling direct communications between public companies and the investment community over the Internet. CCBN builds, manages and hosts the investor relations sections of Web sites for more than 2,500 public companies, providing detailed shareholder information through interactive, multi-media solutions. In addition, CCBN hosts live and archived quarterly conference calls for more than 3,000 corporations each quarter. Through its StreetEvents institutional event management database, (http://www.streetevents.com) and partnerships with leading retail financial portals, CCBN has created a revolutionary investor distribution network that delivers an unprecedented body of direct corporate information to the largest collective audience of institutional and individual investors in cyberspace. Headquartered in Boston, Mass., CCBN has additional offices in San Francisco and London.
About Akamai
Akamai is the leading provider of distributed application and content delivery services. These services enable companies to reduce the complexity and cost of deploying and operating a uniform Web infrastructure while ensuring unmatched performance, reliability, scalability and manageability. Akamai's services give businesses a distinct competitive advantage and provide an unparalleled Internet experience for their customers. Akamai's intelligent edge platform for content, streaming media, and application delivery comprises more than 9,700 servers within 650 networks in 56 countries. With headquarters in Cambridge, Massachusetts, Akamai provides services to more than 1,400 companies worldwide. For information on Delivering a Better InternetSM, visit www.akamai.com.
Akamai Statement Under the Private Securities Litigation Reform Act
The release contains information about future expectations, plans and prospects of Akamai's management that constitute forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those indicated by these forward-looking statements as a result of various important factors including, but not limited to, the dependence on Akamai's Internet content delivery service, a failure of its network infrastructure, the complexity of its service and the networks on which the service is deployed, the failure to obtain access to transmission capacity and other factors that are discussed in the Company's Annual Report on Form 10-K and other documents periodically filed with the SEC.