Web content delivery firm Akamai Technologies is to acquire rich media software firm Nine Systems in a deal worth around $160m.
The acquisition will give Akamai a rich media management framework on which it can build services. Akamai plans to integrate Nine Systems' Stream OS – a suite of rich media management tools that support online publishing – into its delivery network, to provide a more comprehensive content management and delivery package.
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Nine Systems also has a strong base of users in the music, broadcast, sports, entertainment, advertising, education and government markets.
Akamai chief executive Paul Sagan said, “Nine Systems has established itself as a leader in the creation of powerful web-based tools for businesses to easily produce, publish, and distribute their streaming and downloadable media. Integrating Stream OS into our delivery network will allow Akamai to more fully support asset control, rights management, and media reporting to better enable our customers' digital media businesses.”
Nine Systems chief executive Troy Snyder said, “By joining forces with Akamai, our customers will have access to the leader in accelerating content and applications online, supported by a combination of the most experienced teams in the industry.”
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