05.11.2007 13:00:00
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Akamai to Expand Headquarters in Cambridge to Accommodate Continued Business Growth
Akamai Technologies, Inc. (NASDAQ: AKAM), the leading global service
provider for accelerating content and applications online, today
announced the Company has finalized a lease agreement with Boston
Properties Inc. to expand its corporate headquarters at Eight Cambridge
Center in Cambridge, Massachusetts, as well as to occupy four floors in
a nearby building. As of June 1, 2009, Akamai will occupy all of the
property at Eight Cambridge Center, as well as four floors at Four
Cambridge Center, for a total of over 250,000 square feet. The agreement
represents an expansion of over 110,000 square feet from its current
lease holdings in Cambridge.
"This is extremely exciting news, and speaks
to the significant growth that Akamai has achieved since its inception,”
said Skip Hartwell, vice president of Corporate Services, Akamai. "We
have experienced great benefit from being a part of the Cambridge
community, and from doing business from within Massachusetts. As we
continue to pioneer innovative Internet technologies, we are
demonstrating growth on all levels, and look forward to expanding our
global headquarters here in Cambridge for the benefit of our employees,
customers, and shareholders.”
"We are thrilled to be keeping one of the world's most influential
technology companies in our portfolio,” stated
David Provost, senior vice president for Boston Properties. "Cambridge
Center continues to be a cluster of leading edge companies and the
retention and expansion of Akamai is further proof that it is truly the
epicenter for research and innovation."
Akamai has been headquartered in Cambridge since it was founded in 1998.
As the leader in accelerating Web content and applications for companies
around the world, Akamai’s headquarters
features a state-of-the art Network Operations Command Center that
provides a unique view of the real-time conditions of the Internet.
Akamai was represented by real estate brokers Debra Gould and John Osten
of Jones Lang LaSalle.
About Boston Properties
Boston Properties is a fully integrated, self-administered and self-
managed real estate investment trust that develops, redevelops,
acquires, manages, operates, and owns a diverse portfolio of Class-A
office properties that also includes one hotel. The Company is one of
the largest owners and developers of Class-A office properties in the
United States, concentrated in five select markets - Boston, Midtown
Manhattan, Washington, D.C., San Francisco, and Princeton, N.J. Visit
the Company's web site at http://www.bostonproperties.com.
About Akamai
Akamai® is the leading global service provider
for accelerating content and applications online. Thousands of
organizations have formed trusted relationships with Akamai, improving
their revenue and reducing costs by maximizing the performance of their
online businesses. Leveraging the Akamai EdgePlatform, these
organizations gain business advantage today, and have the foundation for
the emerging Web solutions of tomorrow. Akamai is "The Trusted
Choice for Online Business." For more information, visit www.akamai.com.
Akamai Statement Under the Private Securities Litigation Reform Act
The release contains information about future expectations, plans and
prospects of Akamai's management that constitute forward-looking
statements for purposes of the safe harbor provisions under The Private
Securities Litigation Reform Act of 1995. Actual results may differ
materially from those indicated by these forward-looking statements as a
result of various important factors including, but not limited to, the
effects of any attempts to intentionally disrupt our services or network
by unauthorized users or others, failure to have available sufficient
transmission capacity, a failure of Akamai's network infrastructure, and
other factors that are discussed in the Company's Annual Report on Form
10-K, quarterly reports on Form 10-Q, and other documents periodically
filed with the SEC.
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Akamai Inc. | 90,20 | 1,18% |
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NASDAQ Comp. | 19 478,88 | -0,06% |