Akamai Acquires Red Swoosh

Akamai Technologies Inc. (Nasdaq: AKAM) has acquired Red Swoosh Inc., a San Mateo, Calif.-based distributed networking infrastructure company. The deal is valued at approximately $15 million in Akamai stock, net of cash acquired. Red Swoosh was originally seeded by Mark Cuban, and later raised around $1.73 million in Series A funding from August Capital and Radical Investments. www.akamai.com www.redswoosh.net