Akamai Buys P2P Tech Provider RedSwoosh For $15 Million
Akamai, the big CDN, has finally made a push in P2P delivery and has bought the smallish Santa Monica-based P2P tech provider RedSwoosh. The acquisition is valued at about $15 million, net of cash acquired…it is an all-stock transaction. Mark Cuban was an investor in the company. RS founder and CEO Travis Kalanick is perhaps better known for being part of the team that founded Scour, the Michael Ovitz-backed file-sharing service that the entertainment industry sued out of existence.
RedSwoosh’s technology is designed to manage and monetize large-file distribution through P2P to devices such as set top boxes and PCs. Its employees will be integrated into Akamai’s engineering personnel in California.
More details in release.
Related:
—Red Swoosh Gets $1.73 Million
—Mark Cuban’s HDNet To Launch Online Downloads
—Scour Founder Rebounds With Red Swoosh
Disclosure: Akamai is a sponsor.
Posted In: Technologies / Formats, Broadband, P2P
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Comments (1)
Apr 16, 2007 3:22 AM
This news tends to prove that even giants like Akamai with strong CDN
networks cannot compete against p2p delivery networks. So if you cannot
beat them, join (buy…) them !
To another extent, this news is very good and confirm the efforts from
my company to evangelize P2P since the very beginning and provide P2P
Content Delivery solutions to the top TV channels in France:
peer-to-peer is now seriously considered as the main architecture when
companies develop their online video distribution portal, while
client-servers architecture are deprecated.
And of course it is not limited to video contents: you can use p2p
content delivery networks for music, pictures, work documents, zip
archives, programs …