The intelligent edge platform for delivering and securing digital experiences- Akamai Technologies, announced that the company has entered into an agreement to acquire its largest channel partner- Exceda, in Latin America.
Exceda became an Akamai channel partner in 2002 and quickly emerged as Akamai’s largest channel partner in Latin America. Exceda sells the full portfolio of Akamai products, and its success is evidence of the increasing demand for web performance and security services, as well as for cloud infrastructure investments in the region.
According to Rick McConnell, president, and general manager of Akamai’s web division; Exceda and Akamai both share the view that there is growing customer demand for Akamai’s cloud security and Content Delivery Network services in Latin America. Akamai powers many of the top Latin American large bank and retail websites in the region and securely delivers major online events for regional broadcasters. By joining Exceda and Akamai teams, we believe we can scale our Latin America business better, faster enable new and existing partners, and improve experiences for more customers.
With offices in Brazil, Argentina, Chile, and Mexico, Exceda operates in seven Latin American countries, and throughout its existence has been almost exclusively focused on selling Akamai solutions.
In the fourth quarter of 2019, the all-cash transaction is expected to close. Akamai’s previously-stated goal of achieving a non-GAAP operating margin of 30% by 2020 is not expected to be impacted by this acquisition.
Akamai is a cloud service and content delivery network provider. Users rent capacity on a network of servers around the world to distribute content more quickly from locations close to the user.
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