Akamai has announced its second acquisition in less than a week. The Cambridge, MA-based technology company (NASDAQ: [[ticker:AKAM]]) said Tuesday it has acquired Soha Systems, a startup based in Sunnyvale, CA. Terms of the all-cash deal were undisclosed.
Soha makes software to help businesses remotely and securely access applications hosted in data centers and hybrid cloud environments. The company was founded in 2013 and raised just under $10 million in venture funding from investors including Andreessen Horowitz and Menlo Ventures. Soha is led by CEO and co-founder Haseeb Budhani.
Last week, Akamai said it acquired Concord Systems, a New York-based startup working on processing big data, for an undisclosed amount (also in cash).
Author: Gregory T. Huang
Greg is a veteran journalist who has covered a wide range of science, technology, and business. As former editor in chief, he overaw daily news, features, and events across Xconomy's national network. Before joining Xconomy, he was a features editor at New Scientist magazine, where he edited and wrote articles on physics, technology, and neuroscience. Previously he was senior writer at Technology Review, where he reported on emerging technologies, R&D, and advances in computing, robotics, and applied physics. His writing has also appeared in Wired, Nature, and The Atlantic Monthly’s website. He was named a New York Times professional fellow in 2003.
Greg is the co-author of Guanxi (Simon & Schuster, 2006), about Microsoft in China and the global competition for talent and technology. Before becoming a journalist, he did research at MIT’s Artificial Intelligence Lab. He has published 20 papers in scientific journals and conferences and spoken on innovation at Adobe, Amazon, eBay, Google, HP, Microsoft, Yahoo, and other organizations. He has a Master’s and Ph.D. in electrical engineering and computer science from MIT, and a B.S. in electrical engineering from the University of Illinois, Urbana-Champaign.
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