CAMBRIDGE, Mass. - August 14, 2001 - Akamai Technologies, Inc. (NASDAQ: AKAM), the leading provider of distributed application and content delivery services, announced today that Michael A. Ruffolo has been named Executive Vice President, effective August 13, 2001. A highly experienced executive, Ruffolo previously served as Executive Vice President, Global Sales, Services, and Marketing at EMC Corporation. In the newly created position of Executive Vice President, he will drive Akamai`s corporate and product marketing initiatives, sales education and support, and business development.
George Conrades, Akamai`s Chairman and Chief Executive Officer, stated, "Mike`s impressive track record building multi-billion dollar global businesses is critical as we take Akamai to the next level. In the newly created position of EVP, Mike will drive the company`s positioning and go-to-market strategies in its quest to revolutionize Web infrastructure for data and application delivery. We are thrilled that he is joining us at a time when we can most benefit from his management depth and enterprise experience."
Joe Tucci, EMC`s President and Chief Executive Officer, said, "Mike contributed significantly to EMC and we congratulate him on his new position with Akamai, an important customer and great partner of EMC. We wish him well and look forward to seeing the continued success of both Mike and Akamai."
"As the clear leader and innovator in the application and content delivery services market, Akamai is revolutionizing the delivery of a better Internet," said Michael Ruffolo. "I am delighted to join the strong Akamai senior management team. I believe Akamai is well-positioned to become the next great technology company."
Ruffolo will join the senior management team at Akamai that reports to Mr. Conrades and includes Chris Schoettle, Executive Vice President and Chief Operating Officer; Paul Sagan, President; Tim Weller, Chief Financial Officer; Danny Lewin, Co-founder and Chief Technology Officer; and Tom Leighton, Co-founder and Chief Scientist.
Prior to his experience at EMC, Ruffolo was President of the Document Solutions Group at Xerox Corporation. In that role, he had worldwide operational and profit responsibility for the group, which had annual revenues of more than $3B and a 35% annual growth rate. Before joining Xerox, Ruffolo spent 10 years in a series of senior positions at NCR Corporation/AT&T;, including Vice President and Chief Information Officer, Vice President of Worldwide Services, and several other senior sales and alliances management positions. He began his career with Eastman Kodak Company`s Business Imaging Systems Division, where he held a number of sales and marketing positions.
Mr. Ruffolo currently serves as a Director of Guardent, Inc. in Waltham, Massachusetts and Sprockets, in Boston, Massachusetts, and as an Advisory Board Member of Adventis in Boston, Manugistics in Rockville, Maryland, and i-Phrase Technologies in Cambridge, Massachusetts.
Akamai is the leading provider of distributed application and content delivery services. These services enable companies to reduce the complexity and cost of deploying and operating a uniform Web infrastructure while ensuring unmatched performance, reliability, scalability and manageability.
Akamai`s services give businesses a distinct competitive advantage and provide an unparalleled Internet experience for their customers. Akamai`s intelligent edge platform for content, streaming media, and application delivery comprises more than 11,600 servers within over 820 networks in 62 countries. With headquarters in Cambridge, Massachusetts, Akamai provides services to companies worldwide. For information on Delivering a Better InternetSM, visit www.akamai.com.
Akamai Statement Under the Private Securities Litigation Reform Act
The release contains information about future expectations, plans and prospects of Akamai`s management that constitute forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those indicated by these forward-looking statements as a result of various important factors including, but not limited to, the dependence on Akamai`s Internet content delivery service, a failure of its network infrastructure, the complexity of its service and the networks on which the service is deployed, the failure to obtain access to transmission capacity and other factors that are discussed in the Company`s Annual Report on Form 10-K and other documents periodically filed with the SEC.