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Akamai Completes Acquisition of Select Assets of Edgio

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CAMBRIDGE, Mass., Dec. 13, 2024 /PRNewswire/ — Akamai Technologies, Inc. (NASDAQ: AKAM), the cybersecurity and cloud computing company that powers business online, today announced it has completed its acquisition of select assets from Edgio, including certain customer contracts from Edgio’s businesses in content delivery and security, and non-exclusive license rights to patents in Edgio’s portfolio. On Nov. 26, 2024, the U.S. Bankruptcy Court for the District of Delaware approved Akamai’s bid to acquire the aforementioned assets following Edgio’s 363 bankruptcy auction on Nov. 13, 2024, as part of its filing for Chapter 11 bankruptcy relief. The transaction does not include the acquisition of Edgio personnel, technology, or assets related to the Edgio network.

Akamai can now offer several hundred net new Akamai customers a clear path and the necessary support to smoothly migrate to a best-in-class and reliable provider of the services they need prior to Edgio ceasing operations of its content delivery network. The Company also plans to offer the new customers the opportunity to take advantage of Akamai’s full range of security and cloud solutions, which run on the world’s most distributed platform.

About Akamai
Akamai is the cybersecurity and cloud computing company that powers and protects business online. Our market-leading security solutions, superior threat intelligence, and global operations team provide defense-in-depth to safeguard enterprise data and applications everywhere. Akamai’s full-stack cloud computing solutions deliver performance and affordability on the world’s most distributed platform. Global enterprises trust Akamai to provide the industry-leading reliability, scale, and expertise they need to grow their business with confidence. Learn more at akamai.com and akamai.com/blog, or follow Akamai Technologies on X and LinkedIn.

Contacts
Akamai Public Relations
AkamaiPR@akamai.com

Akamai Investor Relations
IR-InvestorRelations@akamai.com

Akamai Statement Under the Private Securities Litigation Reform Act

This press release contains statements that are not statements of historical fact and constitute forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995, including, but not limited to, statements about the potential benefits of the transaction to Akamai and its customers and management’s expectations regarding new customer additions and customer migration in connection with the transaction. Each of the forward-looking statements is subject to change as a result of various important factors, many of which are beyond the company’s control, including, but not limited to: Akamai being unable to achieve the anticipated benefits of the transaction; the risk that customer migration may be more difficult, time-consuming or costly than expected; the retention of key personnel during the transition period; potential adverse reactions or changes to business relationships resulting from the announcement or completion of the proposed transaction; effects of competition, including pricing pressure and changing business models; impact of macroeconomic trends, including economic uncertainty, turmoil in the financial services industry, the effects of inflation, rising and fluctuating interest rates, foreign currency exchange rate fluctuations, securities market volatility and monetary supply fluctuations; continuing supply chain and logistics costs, constraints, changes or disruptions; defects or disruptions in Akamai’s products or IT systems, including cyber-attacks, data breaches or malware; changes to economic, political and regulatory conditions in the United States or internationally; and other factors that are discussed in the company’s most recent Annual Report on Form 10-K, subsequent quarterly reports on Form 10-Q and other documents filed with the Securities and Exchange Commission. All information provided in this press release is as of the date of this press release, and Akamai does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

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SOURCE Akamai Technologies, Inc.

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PREFORMED LINE PRODUCTS ANNOUNCES QUARTERLY DIVIDEND

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December 18, 2024

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CLEVELAND, Dec. 18, 2024 /PRNewswire/ — The Board of Directors of Preformed Line Products (Nasdaq: PLPC) on December 3, 2024, declared a regular quarterly dividend in the amount of $.20 per share on the Company’s common shares, payable January 21, 2025, to shareholders of record at the close of business on January 7, 2025.

ABOUT PLP

PLP protects the world’s most critical connections by creating stronger and more reliable networks. The company’s precision-engineered solutions are trusted by energy and communications providers worldwide to perform better and last longer. With locations in 20 countries, PLP works as a united global corporation, delivering high-quality products and unparalleled service to customers around the world.

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SOURCE Preformed Line Products

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Cassia Networks Releases the M1500 Enterprise-Grade Compact Bluetooth Gateway, Enhancing Enterprise Application Flexibility

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December 18, 2024

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Cassia Networks presents the new M1500, a compact Bluetooth Gateway designed to provide flexible and cost-effective solutions for enterprise IoT applications.

SAN JOSE, Calif., Dec. 18, 2024 /PRNewswire/ — Today, Cassia Networks, Inc., a leading provider of enterprise Bluetooth IoT products and solutions, announces the launch of its new M1500 Bluetooth Gateway in China. Further announcements for the global release will follow.

Cassia’s M1500 is a compact and cost-effective Bluetooth gateway that delivers exceptional performance.

Cassia’s M1500 is a compact and cost-effective Bluetooth gateway that delivers exceptional performance. It is designed to be easy to install and use, offering the convenience of supporting both Wi-Fi and Ethernet as backhaul options, along with Power over Ethernet (PoE) supply capabilities.

The M1500 provides customers with enterprise-grade security, flexibility, and scalability, making it an ideal solution for deploying IoT projects in a cost-effective manner. Like all of Cassia’s Bluetooth gateways, the M1500 can be managed using Cassia’s IoT Access Controller (AC), which stands as the industry’s most robust enterprise Bluetooth network management solution.

The M1500 also supports Bluetooth roaming and positioning, features that are shared with other Cassia enterprise Bluetooth gateways such as the M2000, E1000, and X2000. It serves as a complementary addition to this lineup.

The M1500 is available in two distinct versions: the M1500 Standard and the M1500-XT. The M1500 Standard is an indoor model equipped with an omni-directional antenna. In contrast, the M1500-XT is designed for outdoor use, featuring a robust outdoor enclosure and a directional antenna.

The versatility of the M1500 gateway allows it to be utilized across a wide range of industries and applications. These include continuous vital sign monitoring in hospitals, telehealth, Industrial IoT, smart campuses, supply chain management, and personnel and asset tracking.

Felix Zhao, CEO of Cassia Networks, expressed his enthusiasm about the new product, stating, “We are thrilled to announce the M1500. This addition enhances our suite of enterprise IoT solutions by providing flexible, secure, and cost-effective connectivity for our enterprise customers.”

To learn more about the M1500 technical specifications visit: https://www.cassianetworks.com/products/m1500-bluetooth-gateway/

About Cassia Networks

Cassia Networks is the leading provider of enterprise Bluetooth IoT products and solutions. Our patented technology provides the most reliable and easy to manage long-range, multiple device connectivity, edge processing and locationing for Bluetooth IoT networks. Our mission is to solve the IoT connectivity, locationing and management challenges faced by today’s enterprises and make IoT easy.

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SOURCE Cassia Networks

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Pye-Barker Fire & Safety Launches into Maine, New Hampshire and Vermont, Acquiring Seacoast Security

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December 18, 2024

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ATLANTA, Dec. 18, 2024 /PRNewswire/ — Pye-Barker Fire & Safety – the largest fully integrated and full-service fire protection, life safety and security services provider in the United States – has acquired Seacoast Security, a Northeast leader in security systems, fire alarms and video surveillance with eight locations in Maine, New Hampshire and Vermont. These locations will be Pye-Barker’s first in these three states, marking important milestones for the company. By partnering with values-aligned organizations like Seacoast, Pye-Barker is in nearly every continental state.

“The decision to join Pye-Barker came after thoughtful consideration for all those we serve and the legacy of Seacoast.”

Since 1976, under the oversight of H. David Haynes, Seacoast Security has built a strong reputation for excellence in the industry, specializing in integrated security systems, fire detection and alarms, CCTV and access control. Today’s owners, Stephen and Scott Haynes, started as technicians and have upheld their father’s commitment to prioritizing relationships with customers, team members and communities.

“The decision to join Pye-Barker came after thoughtful consideration for all those we serve and the legacy of Seacoast Security,” said Seacoast Co-owner Scott Haynes. “We’re grateful to our loyal customers, 94 dedicated employees and trusted partners who have supported us throughout this journey, and we believe all will benefit from continued success and innovation under Pye-Barker’s leadership.”

“This new partnership will enhance the company’s growth and bolster our ability to continue offering high-quality security products and services,” added Co-owner Stephen Haynes. “We are confident that Pye-Barker shares our values and will continue to build on the strong foundation we have established.”

“Pye-Barker is committed to honoring the legacies of the owners and families who choose to join us,” said Pye-Barker CEO Bart Proctor. “Together, we are stronger in our shared goals to serve our communities with pride, provide for our teams and protect our communities.”

Seacoast’s highly qualified team will continue to serve customers in New England, delivering the same quality service and dependability.

In the transaction, Barry Epstein of Vertex Capital represented Seacoast, and Nelson Mullins Riley & Scarborough LLP represented Pye-Barker.

About Pye-Barker Fire & Safety

The U.S. leader in fully integrated life safety systems, Pye-Barker Fire & Safety provides complete fire protection and security systems nationwide. With over 230 locations and 7,000 team members nationwide, Pye-Barker ranks No. 849 on the Inc. 5000 and No. 8 on the SDM 100.

Visit pyebarkerfs.com/acquisitions to learn why we’re the industry’s acquirer of choice.

Contact:
Eric Garner
Chief Business Development Officer
801.395.8738
eric.garner@pyebarkerfs.com

Media:
Alycia Volpe
media@pyebarkerfs.com 

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SOURCE Pye-Barker Fire & Safety

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