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| Contacts: |
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| Jeff Young Media Relations Akamai Technologies 617.444.3913 jyoung@akamai.com |
--or-- | Steven J. Wolfe Investor Relations Akamai Technologies 617.444.4724 swolfe@akamai.com |
Companies share technology vision to enable highly-reliable, high-performance delivery of dynamic financial content and data around the globe
Cambridge, MA - October 8, 2001 - Akamai Technologies, Inc. (NASDAQ: AKAM), the leading provider of outsourced e-business infrastructure services and software, today announced its expanded relationship with E*TRADE Group, Inc. (NYSE: ET), a global leader in online personal financial services. A long-time customer of Akamai, E*TRADE is a technology leader that has helped define online customer service and support through value added financial services. With the relationship, E*TRADE is further enhancing its online performance and reliability to customers through the dynamic delivery of content and data from Akamai edge servers."We have built a relationship with E*TRADE, and its global entities, that has allowed Akamai to better understand the requirements of distributing and delivering dynamic financial data," said Michael Ruffolo, executive vice president, Akamai. "We have worked closely with their technical team, who have been a model in shaping the future of online financial services. E*TRADE is a marquee customer of ours, and together we share a similar vision for distributing mission-critical data across the Internet."
Akamai's integrated suite of services is ideal for financial and e-commerce businesses, enabling the assembly, presentation and delivery of an organization's data and applications at the Internet's edge. Having developed solutions for customers such as E*TRADE, Akamai's services provide financial clients with the reliable and secure delivery of dynamic content and applications; content customization for ensuring a personalized and superior end-user experience; the ability to scale cost effectively regardless of traffic spikes or growth in their global customer base; and the guarantee of 100% uptime, which is critical for financial institutions.
"Akamai has definitely positioned themselves at the heart of the evolution of computing with their distributed 'edge' approach to delivering all forms of content," said Joshua Levine, chief global technology officer at E*TRADE. "To distribute applications in a scalable way is a logical next step, and remains a focus of both Akamai and E*TRADE. We look forward to continuing to work with Akamai on the innovation that is determining how applications will be written and deployed in the future."
About Akamai
Akamai is the leading provider of outsourced e-business infrastructure services and software. These services and software 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 11,600 servers within over 820 networks in 62 countries. With headquarters in Cambridge, Massachusetts, Akamai provides services to companies worldwide. For information on Delivering a Better InternetSM, visit www.akamai.com.
About E*TRADE
E*TRADE is a global leader in online personal financial services, offering value-added investing, banking and research features, premium customer service and a redundant, proprietary Stateless Architecture infrastructure. In addition to the U.S., E*TRADE presently serves customers in Australia, Canada, Denmark, Hong Kong, Israel, Japan, Korea, Norway, South Africa, Sweden, and the U.K. through branded web sites. E*TRADE Group, Inc., has offices in Northern California, New York City and in other major business centers in the U.S. and worldwide. E*TRADE is a registered trademark of E*TRADE Group or its subsidiaries.
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, general economic conditions, any material, unexpected increases in Akamai's use of funds, the dependence on Akamai's Internet content delivery service and technology products, lack of market acceptance of new services, a failure by us to successfully enter into any license, technology development or other technology partnership agreement within the time periods expected by us or at all, a failure of Akamai's network infrastructure, and other factors that are discussed in the Company's Annual Report on Form 10-K, quarterly reports on Form 10-Q, and other documents periodically filed with the SEC.
