The company’s security offerings are poised to gain from higher demand for data computing at the edge, triggered by rapid deployment of 5G and IoT devices proliferation. The acquisition is expected to help Akamai add more subscribers to its Edge platform. It also eliminates the need for installing client software on the device. Asavie will be integrated with Akamai’s Security and Personalization Services ('SPS') product portfolio.Īsavie’s software solutions help mobile operators to offer organizations better connectivity and improved secure communication between mobile phones and various IoT devices. A privately-funded company, Asavie specializes in Internet of Things (IoT), mobile and security solutions. The purpose of the solution is to protect websites and end users from malware-infected content that resides on third-party sites.įurther, to boost revenues from Cloud Security solutions, Akamai announced the acquisition of Asavie in an all cash deal. The increased instances of cyber-attacks are driving adoption of Bot Manager service, which is currently used by more than 600 of the world’s major enterprises.Īlso, management stated that Page Integrity Manager security solution is seeing incremental adoption. Management added that Bot Manager services thwarted double the number of malicious logins efforts in the third quarter compared with second-quarter levels.Īkamai blocked more than 53 billion credential abuse attempts in the second quarter of 2020. Continued Strength in Cloud Security SolutionsĬloud Security Solutions revenues were $265.9 million, up 23.1% year over year (up 23% after adjusting for forex).Īmid increased DDoS attacks, Akamai clinched several security deals from banks, insurance companies and travel websites for its Prolexic services.

International revenues were $355.5 million, up 19.8% year over year (up 18% after adjusting for forex). revenues were $437.4 million, up 5.9% year over year. price-consensus-eps-surprise-chart | Akamai Technologies, Inc. Price, Consensus and EPS SurpriseĪkamai Technologies, Inc.

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