Akamai buys smartphone content firm Velocitude
Online content delivery company Akamai Technologies Inc. said Thursday that it has purchased Velocitude, a company that uses cloud computing to deliver content to smartphones.
Akamai said the addition of Cambridge, Mass.-based Velocitude means that it will be able to improve the quality of the how its clients' sites and apps look on smartphones and other portable devices.
Terms of the deal weren't disclosed.
Akamai shares rose 21 cents to $42.03 in afternoon trading.