Akamai has acquired assets including select enterprise customer contracts from StackPath, following StackPath’s decision to cease its content delivery network operations. Akamai will extend its standard offerings and support to customers looking for an enterprise solution to their content delivery, cybersecurity and cloud computing needs. Through the acquisition of approximately 100 enterprise customer contracts, Akamai anticipates this transaction will add approximately $20M in revenue and be accretive to non-GAAP earnings per share by 3c-5c for the full year in 2024. Akamai anticipates no material impact on both revenue and non-GAAP earnings per share for Q3 or full-year 2023. The transaction does not include the acquisition of StackPath personnel or technology. The two companies will be operating under a transition services agreement for the first 90 days.
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