viewAkamai Technologies, Inc.

Akamai Technologies shares pop on takeover of Janrain

The acquisition of Janrain’s software paves the way for the cloud technology group to offer clients the chance to crack down on identity fraud

merger puzzle metaphor
The financial terms of the all-cash transaction haven't been disclosed

Akamai Technologies Inc (NASDAQ:AKAM) announced this week that it has acquired Janrain, a privately-held identity management software company.

The acquisition of Janrain’s software will allow the cloud technology group to offer its clients the chance to crack down on identity fraud by identifying bots and guarding against the hacking of online registration features.

READ: Akamai Technologies shares tread higher on news former Verizon vice-chair Frederic Salerno to take over as new chair

Akamai customers are set to see immediate security benefits when it comes to bot management and threats to intelligence, thanks to the addition of the new software.

The takeover will bolster the abilities of Akamai’s Bot Manager, which slashes the risks of identity theft by detecting and managing bot activity at login and registration time. By leveraging Akamai threat intelligence, customers can decide which users should be allowed to access registration and login pages.

"Janrain’s Identity Cloud, working together with Akamai’s Intelligent Edge Platform, will provide an added layer of security to allow our customers to know more about their end users and potentially drive additional revenues from that deepened relationship," noted Rick McConnell, president of Akamai Technologies in a statement.

Janrain is a private company headquartered in Portland, Oregon while Akamai is based in Cambridge, Massachusetts.

The financial terms of the all-cash transaction haven’t been disclosed.  

Akamai expects the Janrain acquisition will reduce its earnings per share in 2019 by between $0.05 to $0.06, but will increase earnings per share in 2020.

Akamai shares traded 3% higher in pre-market trade on Wednesday to hit $64.38.

Contact Ellen Kelleher at [email protected]

Quick facts: Akamai Technologies, Inc.

Price: 99 USD

Market: NASDAQ
Market Cap: $16.07 billion

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...



Archer Materials looking to raise 3 million offering a Share Purchase Plan

Archer Materials ( ASX: AXE) CEO Dr Mohammad Choucair joined Proactive’s Steve Darling with news the company is looking to raise capital in a Share Purchase Plan which began June 1st. That plan will allow eligible shareholders the opportunity to purchase new Archer shares at a price of $0.60 per...

1 day, 9 hours ago

2 min read