Akamai Technologies announced the company has completed its acquisition of SOASTA, a leader in Digital Performance Management. On March 29, 2017, Akamai announced a definitive agreement between the parties pursuant to which Akamai would acquire SOASTA in an all-cash transaction.
The combination of the two companies’ technologies and teams creates a comprehensive set of cloud based performance and business outcome optimization solutions. These capabilities are intended to give customers the power to measure, optimize and validate the business impact of their web performance strategies.
“The ability to deliver exceptional digital experiences is of paramount importance to our customers,” explained Ash Kulkarni, senior vice president and general manager, Web Experience Division, Akamai. “Adding SOASTA’s technology to our Web Performance Solutions portfolio offers our customers new and powerful ways to better understand the correlation between website performance and business outcomes.”
The SOASTA acquisition is expected to be slightly dilutive to Akamai’s Non-GAAP net income per share in the first full year post closure in the range of $0.06 to $0.07 and become accretive in 2018.