Global leader in content delivery network services Akamai Technologies on Thursday entered into an agreement to acquire software testing company Soasta. The all-cash transaction is expected to close in the second quarter of 2017. Akamai said the acquisition of Mountain View, California-based company, is intended to give its customers greater visibility into the business impact of their website and application optimization strategies. Also Read - India 4th as web attacks on the rise globally: AkamaiAlso Read - Sharing information key against cyber threats: Akamai
“The addition of Soasta’s technology is intended to give our customers new ways to measure, optimize and validate the business impact of their web performance strategies,” Ash Kulkarni, Senior Vice President and General Manager, Web Performance and Security at Akamai, said in a statement.
Through its acquisition of Soasta, Akamai plans to add several new capabilities to its web performance solutions portfolio. This will help customers prioritize and implement the impactful performance optimization strategies to positively affect business outcomes. Tom Lounibos, CEO, Co-founder of Soasta, said that the acquisition would provide Akamai customers, many of whom are already Soasta customers, with a new way to measure and test the optimizations they are making to their sites, and validate the actual business impact of their site’s performance. ALSO READ: Cyberattacks on e-wallets to steal user data on the rise in India: Akamai Report