Trade Akamai Technologies
Akamai Technologies, Inc. is a global network to deliver content (CAD), cybersecurity, a cloud service company, providing Internet services and Internet security. Akamai Smart Edge platform is one of the largest distributed computing platforms in the world. The company operates a network of servers around the world and leases the capability to these servers to customers who want their websites to operate faster by distributing content from sites close to the user. When a user moves to the URL of an Akamai customer, their browser is directed to one of Akamai's copies of the site. Akamai Technologies entered the 1998 MIT $50K competition with a business proposal based on their research on consistent retail, and was selected as one of the finalists. By August 1998, they had developed a working prototype, and with the help of Jonathan Selig and Randall Kaplan, they began to take steps to integrate the company. In late 1998 and early 1999, a group of business professionals joined the founding group. The most notable are Paul Sagan, former president of New Media, Time Inc., and George Conrads, former president and CEO of BBN Corp. and senior vice president of IBM's U.S. operations. Conrads became CEO of Akamai in April 1999 and led the company from startup to sustainable profitability and positive free cash flow before handing over the reins to Sagan in 2005. The company launched its trading services in April 1999 and was listed on nasdaq from October 29, 1999.On July 1, 2001, Akamai was added to the Russell 3000 index and Russell 2000 Index.On September 11, 2001, co-founder Daniel M. Lewin died in the September 11 attacks at the age of 31 when he was stabbed during his flight aboard American Airlines Flight 11, the first aircraft to crash into world trade Center.In 2005, Paul Sagan was appointed CEO of Akamai. Sagan has distinguished Akamai from its competitors by expanding the company's services. Under his leadership, the company grew to $1.37 billion in revenue. In 2013, co-founder Tom Leighton was elected CEO, replacing Sagan. In July 2007, Akamai was added to the S&P 500 index. The company has also re-established the role of chief technology officer and Robert Blomoffi will serve as a role. CSO's Chief Security Officer Andy Ellis also announced that he would leave in March 2021. Akamai started in the technology arena and later expanded to multiple buildings in the Centre of Cambridge. They consolidated their offices in a purpose-built building at 145 Broadway in December 2019.