Akamai to acquire Latin American partner, Exceda
Akamai Technologies has entered into an agreement to acquire Exceda, its largest channel partner in Latin America, in an all-cash deal – though the amount of cash has not been revealed.
Exceda, which sells the full portfolio of Akamai products, became an Akamai channel partner in 2002, and quickly emerged as Akamai’s largest in Latin America.
Exceda CEO Claudio Baumann (pictured) said: “We look forward to leveraging our Akamai-related expertise and knowledge to deliver superior results for our customers. We also welcome the opportunity to work with the broad array of Akamai partners to grow the company’s Latin America business.”
Rick McConnell, president and general manager of Akamai’s web division, said: “Akamai and Exceda both share the view that there is growing customer demand for Akamai’s content delivery network and cloud security services in Latin America.”
Exceda operates in seven Latin American countries, with offices in Argentina, Brazil, Chile and Mexico, and has been almost exclusively focused on selling Akamai solutions.
McConnell added: “Today, Akamai powers many of the top Latin American retail and large bank websites in the region and securely delivers major online events for regional broadcasters. By combining the Akamai and Exceda teams, we believe we can scale our Latin America business faster, better enable existing and new partners, and improve experiences for more customers.”
The transaction is expected to close in the fourth quarter of 2019. Akamai expects the Exceda transaction to add approximately $2 million of revenue in 2019, and $15 million in 2020.