Business
Akamai Technologies Acquiring Exceda, Expands Foothold in Latin America (MESA)
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Akamai Technologies has agreed to acquire its largest Latin American channel partner, Exceda, giving the edge platform provider a major foothold in the region. The all-cash deal is expected to close by the end of the year, and add $2 million to Akamai’s annual revenue this year, and another $15 million in 2020.
“Akamai and Exceda both share the view that there is growing customer demand for Akamai’s Content Delivery Network and cloud security services in Latin America,” said Rick McConnell, president and GM of Akamai’s web division. “Today, Akamai powers many of the top Latin American retail and large bank web sites in the region and securely delivers major online events for regional broadcasters.
“By combining the Akamai and Exceda teams, we believe we can scale our Latin America business faster, better enable existing and new partners, and improve experiences for more customers.”
Exceda first became an Akamai channel partner in 2002, and today is Akamai’s largest in Latin America, selling Akamai’s full portfolio of products, with high demand for cloud infrastructure investments, web performance and security services in the region. Exceda has operations in seven countries there, with offices in Argentina, Brazil, Chile and more.
“We look forward to leveraging our Akamai-related expertise and knowledge to deliver superior results for our customers,” said Exceda CEO Claudio Baumann. “We also welcome the opportunity to work with the broad array of Akamai partners to grow the company’s Latin America business.”
