|By PR Newswire||
|December 17, 2012 12:01 AM EST||
CAMBRIDGE, Mass., Dec. 17, 2012 /PRNewswire/ --
- Tom Leighton, Akamai Co-Founder, to become CEO effective January 1, 2013
- Company to host Investor Summit on March 11, 2013
Akamai Technologies, Inc. (NASDAQ: AKAM) today announced that the Akamai Board of Directors has elected company Co-Founder and Chief Scientist, Dr. Tom Leighton to become CEO of Akamai effective January 1, 2013. He will succeed Paul Sagan who announced earlier this year that he intended to step down as chief executive by the end of 2013. Dr. Leighton and Mr. Sagan will remain Akamai directors, and Mr. Sagan will become a senior advisor to the company, working with Dr. Leighton on business strategy and to ensure a smooth management transition.
The company also announced today that it will host an investor summit at the Boston Marriott Cambridge on Monday, March 11, 2013, for Akamai management to present key company priorities, product roadmaps and insights into major IT trends related to security, cloud computing, mobile, video, and big data.
Since co-founding Akamai in 1998, Dr. Leighton has been responsible for Akamai's technology vision and has been one of the principal architects of the company's strategic direction while serving as Chief Scientist, as a member of Akamai's senior executive team, and on the Board of Directors. Dr. Leighton is a renowned Internet technologist and has been a key driver of Akamai's transformation from Internet startup to leading cloud infrastructure services platform. He has played a major role in charting the course for many of Akamai's key product innovations, strategic accomplishments, and technological breakthroughs, from site and application acceleration to Web security and cloud infrastructure services.
"Akamai is extremely fortunate to have such an outstanding executive with Tom's business and technology experience to lead Akamai's next phase of growth," said Mr. Sagan. "He is an innovator with a deep understanding of the shifting landscape in public and private clouds, distributed computing platforms, and Internet security. Tom has earned the trust and respect of our customers, partners, employees, and shareholders through his hard work and vision over the past 14 years. He is supported by a highly experienced management team, and I join in the Board's unanimous support and confidence in Tom's ability to continue driving Akamai forward."
"We've made tremendous progress building Akamai by developing innovative cloud infrastructure services while continuing to grow our content delivery services," said Dr. Leighton. "I am proud of what we have accomplished as a team, but I'm even more excited about the opportunities that lie ahead, driven by the pervasive use of the Internet in today's hyperconnected world. Akamai is extremely well positioned to offer innovative new solutions on our unique Intelligent Platform that are designed to help our customers succeed by harnessing the power of cloud computing, mobile solutions, online video, and big data, all while protecting their business from the increasing threat of cyber attacks."
The company announced in April that it was starting an independent director-led search to name a new CEO to succeed Mr. Sagan, who has served as CEO since 2005. Under Mr. Sagan's leadership, the company surpassed $1 billion dollars in annual revenue, completed numerous strategic acquisitions, and emerged as a leader in Internet performance and cloud infrastructure services. "Working with Paul for more than a decade has been a tremendous experience," said Dr. Leighton, "and I look forward to continuing to collaborate closely with him in the future."
"When we began evaluating our options for the next CEO of Akamai, our objective was simply to have the best possible leadership team in place for continued growth and innovation in the years ahead, and that's what we're doing with Tom's appointment," explained Martin Coyne II, Lead Director of Akamai's Board. "We conducted an exhaustive review of the company's strategy and opportunities as we evaluated a broad range of potential candidates. We are confident that naming Tom is the best and most natural evolution of management responsibility at Akamai."
George H. Conrades, Chairman of the Akamai Board, added, "Innovation has been fundamental to Akamai's success from the beginning and will be even more so in the future. Tom has led Akamai's focus on innovation since day one, working directly with customers and partners on breakthrough technologies for leveraging the power of distributed computing. As a Board, we are excited about Akamai's prospects for delivering even greater customer value under Tom's leadership. We also are extremely grateful for Paul's outstanding contributions to Akamai's success and his sterling record of accomplishment that built Akamai into an S&P 500 company. We are delighted that he will continue in an active role supporting Tom and the entire leadership team."
Prior to founding Akamai, Dr. Leighton was a Professor of Applied Mathematics at MIT and a member of MIT's Computer Science and Artificial Intelligence Laboratory (CSAIL). Dr. Leighton holds numerous patents involving content delivery, Internet protocols, network algorithms, distributed computing, cryptography, and digital rights management. From 2003 to 2005, Dr. Leighton served on the President's Information Technology Advisory Committee (PITAC), during which time he chaired the Subcommittee on Cybersecurity. Dr. Leighton is a Fellow of the American Academy of Arts and Sciences, the National Academy of Engineering, and the National Academy of Sciences.
Akamai® is the leading cloud platform for helping enterprises provide secure, high-performing user experiences on any device, anywhere. At the core of the Company's solutions is the Akamai Intelligent Platform™ providing extensive reach, coupled with unmatched reliability, security, visibility and expertise. Akamai removes the complexities of connecting the increasingly mobile world, supporting 24/7 consumer demand, and enabling enterprises to securely leverage the cloud. To learn more about how Akamai is accelerating the pace of innovation in a hyperconnected world, please visit www.akamai.com or blogs.akamai.com, and follow @Akamai on Twitter.
Akamai Statement Under the Private Securities Litigation Reform Act
This release contains information about future expectations, plans and prospects of Akamai's management that constitute forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those indicated by these forward-looking statements as a result of various important factors including, but not limited to delay in developing or failure to develop innovative new service offerings or functionalities, and if developed, lack of market acceptance of such service offerings and functionalities or failure of such solutions to operate as expected, and other factors that are discussed in the Company's Annual Report on Form 10-K, quarterly reports on Form 10-Q, and other documents periodically filed with the SEC.
SOURCE Akamai Technologies, Inc.
A strange thing is happening along the way to the Internet of Things, namely far too many devices to work with and manage. It has become clear that we'll need much higher efficiency user experiences that can allow us to more easily and scalably work with the thousands of devices that will soon be in each of our lives. Enter the conversational interface revolution, combining bots we can literally talk with, gesture to, and even direct with our thoughts, with embedded artificial intelligence, wh...
Jun. 28, 2016 02:00 PM EDT Reads: 1,112
The IoT is changing the way enterprises conduct business. In his session at @ThingsExpo, Eric Hoffman, Vice President at EastBanc Technologies, discussed how businesses can gain an edge over competitors by empowering consumers to take control through IoT. He cited examples such as a Washington, D.C.-based sports club that leveraged IoT and the cloud to develop a comprehensive booking system. He also highlighted how IoT can revitalize and restore outdated business models, making them profitable ...
Jun. 28, 2016 01:59 PM EDT
Machine Learning helps make complex systems more efficient. By applying advanced Machine Learning techniques such as Cognitive Fingerprinting, wind project operators can utilize these tools to learn from collected data, detect regular patterns, and optimize their own operations. In his session at 18th Cloud Expo, Stuart Gillen, Director of Business Development at SparkCognition, discussed how research has demonstrated the value of Machine Learning in delivering next generation analytics to imp...
Jun. 28, 2016 01:00 PM EDT Reads: 797
The cloud market growth today is largely in public clouds. While there is a lot of spend in IT departments in virtualization, these aren’t yet translating into a true “cloud” experience within the enterprise. What is stopping the growth of the “private cloud” market? In his general session at 18th Cloud Expo, Nara Rajagopalan, CEO of Accelerite, explored the challenges in deploying, managing, and getting adoption for a private cloud within an enterprise. What are the key differences between wh...
Jun. 28, 2016 12:45 PM EDT Reads: 936
Connected devices and the industrial internet are growing exponentially every year with Cisco expecting 50 billion devices to be in operation by 2020. In this period of growth, location-based insights are becoming invaluable to many businesses as they adopt new connected technologies. Knowing when and where these devices connect from is critical for a number of scenarios in supply chain management, disaster management, emergency response, M2M, location marketing and more. In his session at @Th...
Jun. 28, 2016 12:00 PM EDT Reads: 1,116
Basho Technologies has announced the latest release of Basho Riak TS, version 1.3. Riak TS is an enterprise-grade NoSQL database optimized for Internet of Things (IoT). The open source version enables developers to download the software for free and use it in production as well as make contributions to the code and develop applications around Riak TS. Enhancements to Riak TS make it quick, easy and cost-effective to spin up an instance to test new ideas and build IoT applications. In addition to...
Jun. 28, 2016 10:30 AM EDT Reads: 449
When people aren’t talking about VMs and containers, they’re talking about serverless architecture. Serverless is about no maintenance. It means you are not worried about low-level infrastructural and operational details. An event-driven serverless platform is a great use case for IoT. In his session at @ThingsExpo, Animesh Singh, an STSM and Lead for IBM Cloud Platform and Infrastructure, will detail how to build a distributed serverless, polyglot, microservices framework using open source tec...
Jun. 28, 2016 10:00 AM EDT Reads: 428
Apixio Inc. has raised $19.3 million in Series D venture capital funding led by SSM Partners with participation from First Analysis, Bain Capital Ventures and Apixio’s largest angel investor. Apixio will dedicate the proceeds toward advancing and scaling products powered by its cognitive computing platform, further enabling insights for optimal patient care. The Series D funding comes as Apixio experiences strong momentum and increasing demand for its HCC Profiler solution, which mines unstruc...
Jun. 28, 2016 10:00 AM EDT Reads: 328
IoT offers a value of almost $4 trillion to the manufacturing industry through platforms that can improve margins, optimize operations & drive high performance work teams. By using IoT technologies as a foundation, manufacturing customers are integrating worker safety with manufacturing systems, driving deep collaboration and utilizing analytics to exponentially increased per-unit margins. However, as Benoit Lheureux, the VP for Research at Gartner points out, “IoT project implementers often ...
Jun. 28, 2016 09:45 AM EDT Reads: 426
It is one thing to build single industrial IoT applications, but what will it take to build the Smart Cities and truly society changing applications of the future? The technology won’t be the problem, it will be the number of parties that need to work together and be aligned in their motivation to succeed. In his Day 2 Keynote at @ThingsExpo, Henrik Kenani Dahlgren, Portfolio Marketing Manager at Ericsson, discussed how to plan to cooperate, partner, and form lasting all-star teams to change t...
Jun. 28, 2016 09:30 AM EDT Reads: 1,289
In his general session at 18th Cloud Expo, Lee Atchison, Principal Cloud Architect and Advocate at New Relic, discussed cloud as a ‘better data center’ and how it adds new capacity (faster) and improves application availability (redundancy). The cloud is a ‘Dynamic Tool for Dynamic Apps’ and resource allocation is an integral part of your application architecture, so use only the resources you need and allocate /de-allocate resources on the fly.
Jun. 28, 2016 08:30 AM EDT Reads: 1,213
In his keynote at 18th Cloud Expo, Andrew Keys, Co-Founder of ConsenSys Enterprise, provided an overview of the evolution of the Internet and the Database and the future of their combination – the Blockchain. Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life sett...
Jun. 28, 2016 08:00 AM EDT Reads: 1,320
Presidio has received the 2015 EMC Partner Services Quality Award from EMC Corporation for achieving outstanding service excellence and customer satisfaction as measured by the EMC Partner Services Quality (PSQ) program. Presidio was also honored as the 2015 EMC Americas Marketing Excellence Partner of the Year and 2015 Mid-Market East Partner of the Year. The EMC PSQ program is a project-specific survey program designed for partners with Service Partner designations to solicit customer feedbac...
Jun. 28, 2016 08:00 AM EDT Reads: 455
There are several IoTs: the Industrial Internet, Consumer Wearables, Wearables and Healthcare, Supply Chains, and the movement toward Smart Grids, Cities, Regions, and Nations. There are competing communications standards every step of the way, a bewildering array of sensors and devices, and an entire world of competing data analytics platforms. To some this appears to be chaos. In this power panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, Bradley Holt, Developer Advocate a...
Jun. 27, 2016 12:00 PM EDT Reads: 881
Cloud computing is being adopted in one form or another by 94% of enterprises today. Tens of billions of new devices are being connected to The Internet of Things. And Big Data is driving this bus. An exponential increase is expected in the amount of information being processed, managed, analyzed, and acted upon by enterprise IT. This amazing is not part of some distant future - it is happening today. One report shows a 650% increase in enterprise data by 2020. Other estimates are even higher....
Jun. 26, 2016 05:00 PM EDT Reads: 1,346
SYS-CON Events announced today that Bsquare has been named “Silver Sponsor” of SYS-CON's @ThingsExpo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. For more than two decades, Bsquare has helped its customers extract business value from a broad array of physical assets by making them intelligent, connecting them, and using the data they generate to optimize business processes.
Jun. 26, 2016 05:00 PM EDT Reads: 1,254
Internet of @ThingsExpo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 19th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The Internet of Things (IoT) is the most profound change in personal and enterprise IT since the creation of the Worldwide Web more than 20 years ago. All major researchers estimate there will be tens of billions devices - comp...
Jun. 26, 2016 04:00 PM EDT Reads: 1,310
19th Cloud Expo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy. Meanwhile, 94% of enterpri...
Jun. 26, 2016 04:00 PM EDT Reads: 1,389
The 19th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Digital Transformation, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportuni...
Jun. 26, 2016 12:00 PM EDT Reads: 1,334
Internet of @ThingsExpo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with the 19th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world and ThingsExpo Silicon Valley Call for Papers is now open.
Jun. 26, 2016 12:00 PM EDT Reads: 1,165