In a deal designed to speed up its already rapid growth, the Philadelphia-based cloud computing company Linode announced it is being acquired by cybersecurity giant Akamai Technologies for $900 million.
Akamai chief executive Tom Leighton said his company will use its own investment cash and large global sales force to roughly double Linode's annual revenue growth rate, from the current 15% a year.
The Cambridge, Massachusetts-based buyer also pledged to expand Linode's network of 11 regional computing centers — while also cutting duplicate marketing and other services that Linode performs, to save money.
