Akamai Technologies, Inc. (NASDAQ: AKAM) announced today that it has acquired Xerocole, a provider of recursive DNS functionality, in a cash transaction. The acquisition is expected to allow Akamai to expand its DNS product portfolio beyond the Company's existing Authoritative DNS products to more completely meet the needs of customers and network partners.
Even as more devices continue to connect to the Internet, end users are increasingly expecting near instant, secure, and reliable access, wherever they are. The Domain Name System (DNS), which translates human-readable domain names into IP addresses, is a critical component in delivering a faster Internet experience. Xerocole's intelligent recursive DNS technology was designed to provide carriers with security, speed, and the ability to dynamically and flexibly set DNS policy and user preferences.
"We see this acquisition as an important investment in engineering talent and technology that is intended to complement our DNS product portfolio and strategy," said Rick McConnell, Akamai's President of Products and Development. "We believe that Xerocole has some of the best DNS experts in the industry and that recursive DNS has strategic value to the Akamai Platform and to each of our business units. Xerocole's technology is expected to strengthen our value to our major carrier and network partners."
Xerocole, a private company with ten employees, was established in 2010. The acquisition is not material to Akamai's financials.
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