What You Need to Know About Akamai's $600 Million Acquisition

Last week, Akamai Technologies (NASDAQ: AKAM) announced its intention to acquire the cloud security specialist Guardicore for approximately $600 million in cash. Here's what you need to know about this important move for the company.

Akamai Technologies is the legacy leader in the content delivery network (CDN) area. The technology consists of hosting content closer to users to improve the performance of online services. To that end, the company has built a large network that spans over 4,200 locations in 135 countries.

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Source Fool.com