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Akamai To Acquire Netli

Akamai Technologies Inc. (Nasdaq: AKAM) has agreed to acquire Netli Inc., a Palo Alto, Calif.-based provider of application delivery network services, for approximatley $178 million worth of Akamai stock. Netli has raised around $46.5 million in total VC funding since its 2000 inception, including an $18 million Series D round in early 2006 at a post-money valuation of approximately $83 million. Shareholders include Alta Partners, Bessemer Venture Partners, BlueRun Ventures, Leapfrog Ventures, Morgenthaler Ventures, Reed Elsevier Ventures and Granite Global Ventures. www.akamai.com www.netli.com

Press Release:
AKAMAI TO ACQUIRE NETLI

CAMBRIDGE, MA and MOUNTAIN VIEW, CA