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Akamai announced on October 27, 2020, that it had acquired Dublin-based Asavie, adding a platform for managing security, performance and access policies on mobile and internet-connected devices. Akamai planned to fold the services into its Security and Personalization Services (SPS) line and sell them through carrier partners. The announcement explains the intended strategy; it does not establish which Asavie services are available today.
What Akamai acquired
Asavie Technologies Limited offered software for managing security, performance and access policies for mobile and internet-connected devices. Akamai described Asavie’s platform as enabling secure access from those devices to business applications and data without requiring organizations to install and manage client software on each device. Akamai highlighted healthcare, financial services and education as potential use cases for that clientless approach. Akamai’s October 27, 2020 announcement is the source for the product description and examples.
How much Akamai paid
Akamai’s 2020 Form 10-K, filed in 2021, reported that it acquired all outstanding stock of Asavie in October 2020 for $155.0 million in cash. Its 2022 Form 10-K, filed in 2023, later reported final purchase consideration of $154.952 million after the purchase-price allocation was finalized in the fourth quarter of 2021. These are figures from different stages of Akamai’s accounting for the acquisition, not competing estimates of a current company valuation. Akamai’s 2020 Form 10-K and Akamai’s 2022 Form 10-K provide the respective amounts.
Why Akamai bought Asavie
Akamai presented the deal as a way to address enterprise and mid-market demand for mobile and IoT security and management, particularly as work and business access became more distributed. CEO and co-founder Tom Leighton said the addition would help carrier partners address that customer demand. COO Adam Karon described the acquisition as part of Akamai’s strategy to pursue the expected 5G opportunity, secure mobile and IoT access, and offer policy management to enterprise and mid-market customers. These statements describe Akamai’s rationale at the time; they do not by themselves demonstrate later commercial results.
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Akamai’s 2020 communications also used figures to explain the opportunity. Karon estimated that more than 650 million corporate-owned mobile and IoT devices were then in use, with 99% accessing enterprise applications and data over cellular networks. Those are Akamai’s estimates, not independent market measurements or current counts. Separately, Akamai reported that malware traffic from corporate devices increased by more than 400% between March 9 and May 11, 2020—a specific period during the early pandemic, not a general or ongoing rate. Karon’s October 27, 2020 strategy post attributes the device and cellular figures to Akamai; the malware observation was also reported by Akamai in 2020.
How Akamai planned to deliver the services
The announced route to market was through carriers, rather than direct consumer sales. Akamai said Asavie’s solutions would join its SPS product line and be sold to carrier partners, which could embed them in technology bundles offered to subscribers. Karon also described the deal as an expansion of Akamai’s Secure Internet Access Services into enterprise cellular security. The announcement establishes this as the planned distribution model, not the present availability of a specific carrier bundle.
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What Akamai later reported
Akamai’s 2022 Form 10-K said Asavie had become part of Akamai’s security solutions. It included the acquired operation’s revenue and earnings in consolidated financial statements but did not present them separately because they were not material. The filing therefore supports that Asavie was integrated into Akamai’s security business, but it does not provide a standalone performance breakdown for the acquired operation.
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