Akamai Pays $268M For VC-Backed Cotendo

Akamai Technologies Inc. is paying $268 million to acquire venture-backed competitor Cotendo. Web and mobile acceleration services provider Cotendo was founded in 2008, and is based in Sunnyvale, Calif.-based, with a technology center in Israel. Cotendo has raised venture financing from investors including Sequoia Capital, Benchmark Capital and Tenaya Capital.

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