Did you miss a session from the Future of Work Summit? Head over to our Future of Work Summit on-demand library to stream.

Akamai, the cloud-based content distribution network that optimizes download times around the world for hundreds of name-brand companies, announced that the company has purchased Florida-based Velocitude, a recently-founded startup claims its mobile content service allows a consumer to purchase products, sign up and view accounts, see product information textually or by video, interact with social media sites, and be alerted via SMS.

The move is uncomplicated. Akamai wants to be a leading mobile content deliverer, without developing competing technologies to what Velocitude has already built.

Akamai , founded in 1998 and taken public in 1999, has grown to 1,000 employees and a market cap of more than $7 billion. The company’s stock, traded on the Nasdaq as AKAM, has been climbing out of a late-2008 slump.

Velocitude, based in Fort Lauderdale, was founded in early 2009 with undisclosed funding.


VentureBeat's mission is to be a digital town square for technical decision-makers to gain knowledge about transformative technology and transact. Our site delivers essential information on data technologies and strategies to guide you as you lead your organizations. We invite you to become a member of our community, to access:
  • up-to-date information on the subjects of interest to you
  • our newsletters
  • gated thought-leader content and discounted access to our prized events, such as Transform 2021: Learn More
  • networking features, and more
Become a member