Akamai Technologies acquires StorageOS (Ondat)

Akamai Technologies acquired StorageOS (Ondat) for $20.6 million, a transaction completed in March 2023, structured as all cash.

StorageOS (Ondat) operates in Cloud Computing (storage), is based in London, United Kingdom. StorageOS, Inc., known as Ondat, was a cloud-based storage-technology provider. Akamai acquired it in March 2023 for $20.6 million in cash to strengthen the storage layer of its growing compute offering. (Value disclosed in Akamai's FY2024 Form 10-K, Note 8 - Acquisitions.)

Storage is a key component of any cloud computing offering; the acquisition of StorageOS's cloud storage technology and talent was intended to strengthen Akamai's compute offerings.

Added cloud-native storage technology and talent to the compute stack. Storage layer for Akamai Connected Cloud. Akamai cloud computing

Advisory firms were not disclosed for this transaction.

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