Akamai Technologies Inc. has signed a definitive agreement to acquire Nine Systems Corp. Inc. in a transaction valued at about $160 million, the companies said today. The deal is expected to close by year-end, pending approval of Nine Systems’ stockholders.
Under terms of the agreement, Akamai will exchange 3.1 million shares of Akamai common stock—which closed at $49.25 per share on Friday—plus $7 million in cash for all of the outstanding common stock, preferred stock, and vested and unvested stock options of Nine System, a rich media distribution network.
Akamai, a content delivery network, plans to integrate Nine Systems’ Stream OS, a suite of configurable rich media management tools, into the global Akamai network.
“We are excited about offering a new and comprehensive solution for the delivery, management and control of online media assets,” says Paul Sagan, Akamai’s president and CEO. “Nine Systems has established itself as a leader in the creation of powerful web-based tools for businesses to easily produce, publish and distribute their streaming and downloadable media. Integrating Stream OS into our delivery network will allow Akamai to more fully support asset controls, rights management, and media reporting to better enable our customers’ digital media businesses.”
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