Acquisitions

9 Months Ended

Sep. 30, 2020

Asset Acquisition [Abstract]

Acquisitions

Acquisitions

Asavie

In October 2020, the Company acquired Asavie, a privately-funded company headquartered in Dublin, Ireland, for approximately $155.1 million in cash ($128.0 million, net of cash acquired). The allocation of the purchase price has not been finalized as of the date of the filing of these financial statements. Asavie, whose global platform manages the security, performance and access policies for mobile and internet-connected devices, will become part of Akamai’s Security and Personalization Services product line sold to carrier partners that embed the solution within the technology bundle sold to their subscribers.

Instart

In February 2020, the Company acquired certain assets from Instart Logic, Inc. ("Instart"), a provider of cloud solutions for improving web and mobile application performance, for $36.4 million in cash. The purchase price was primarily allocated to a customer-related intangible asset that will be amortized over 17 years in a pattern that matches expense with expected economic benefits.