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Akamai To Acquire Cloud-Based Security Solutions Provider Prolexic

Cloud services provider Akamai Technologies, Inc. [AKAM] yesterday said it has agreed to acquire Prolexic Technologies in a $370 million cash deal that would boost is security solutions capabilities and add new customers, particularly in the financial sector. Akamai said the acquisition, if factored into 2013 results, would double the size of its security business by adding about $50 million and over 200 employees to this business. Once the deal closes, which is expected to occur during the first half…

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