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January 24, 2013
08:43 EDTAKAMAkamai says MediaMath acquires ADS data cooperative solutions
MediaMath and Akamai Technologies announced MediaMathís acquisition of Akamaiís Advertising Decision Solutions data cooperative which will augment MediaMathís industry-leading Data Management Platform. With todayís news, the companies have also signed a multi-year relationship whereby MediaMath will have exclusive rights to leverage Akamaiís pixel-free technology for use within digital advertising and marketing applications. As part of the agreement, MediaMath will acquire substantially all of the assets associated with Akamaiís ADS business, and will integrate the Akamai ADS team into its workforce. Financial terms of the transaction were not disclosed. LUMA Partners acted as exclusive financial advisor to Akamai.
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September 29, 2015
11:19 EDTAKAMAnalyst rolls out coverage of IT security stocks with mixed view
Research firm Stifel initiated coverage of IT security company Barracuda Networks (CUDA) with a Buy rating and started coverage of another company in the sector, Imperva (IMPV), with a Hold rating in notes to investors this morning. WHAT'S NEW: Barracuda is "an emerging leader" in the small and medium business security and storage sectors and it's poised to replace legacy systems in those markets, Stifel analyst Gur Talpaz wrote. The lower than expected billings reported by the company for the first quarter was "an aberration," according to Talpaz, who predicts its billings growth should accelerate in Q2. Unlike legacy threat management systems, Barracuda's products can be bought individually, on an "as needed" basis, by small and medium businesses, Talpaz explained. More importantly, Barracuda's products allow a single administrator to view the majority of the company's security infrastructure from any location, Talpaz noted. Additionally, Barracuda's storage solutions can be implemented using appliance, cloud or hybrid systems, according to Talpaz, who set a $36 price target on the shares. Imperva is "the clear leader" in the small but fast growing Web Application Firewall, or WAF, market, the analyst stated. However, many companies still don't view WAF systems as necessary, reasoning that they do not have that many Web applications, according to Talpaz. Moreover, competition in the market is intense, as network vendors such as F5 Networks (FFIV) and cloud vendors such as Akamai (AKAM) are competing in the relatively small space, the analyst stated. Talpaz expects Imperva to report strong Q3 results, but heading into 2016, he believes that the company's future profitability is "limited,"while its competitive end markets will create challenges and its valuation leaves little room for error. WHAT'S NOTABLE: Talpaz also initiated coverage of another company in the sector, Qualys (QLYS), with a Hold rating. PRICE ACTION: In late morning trading, Barracuda slipped 1.2% to $24.33, Imperva dropped 3.6% to $63 and Qualys advanced 0.4% to $28.59.
September 22, 2015
06:31 EDTAKAMAkamai selected by fuboTV
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