Press release from PR Newswire
KT and Akamai Expand Strategic Partnership
Tuesday, March 26, 2013
KT and Akamai Expand Strategic Partnership20:00 EDT Tuesday, March 26, 2013SEONGNAM, South Korea and CAMBRIDGE, Mass., March 26, 2013 /PRNewswire/ --KT to use technology from Akamai's Aura Network Solutions to provide CDN services to business customers KT's extensive nationwide network infrastructure combined with Akamai's CDN technologies to enable solutions for Web application acceleration, media delivery, and security KT, the leading telecommunications company in Korea, and cloud infrastructure services provider Akamai® Technologies, Inc. (NASDAQ AKAM), today announced that the companies will expand their strategic partnership. KT has agreed to leverage technology from Akamai to provide CDN services to its customers in Korea. Using Akamai's Aura Managed CDN, KT will have dedicated CDN capacity that is available for its own content applications or third party CDN services. KT has been an Akamai NetAlliance Partner since 2011.(Logo: http://photos.prnewswire.com/prnh/20100225/AKAMAILOGO)Under the new expanded partnership, KT will be equipped to address the explosion of online multimedia traffic resulting from a range of connected devices, changing viewer habits, and social networking. This partnership combines Korea's leading worldwide broadband penetration rates with Akamai's industry-leading CDN technology, enabling KT to provide content providers and broadband subscribers with a new level of service. "The era has come where culture and digital content are leading the market. Our main priority is to ensure access to content from any device, at anytime, anywhere," said Heekyung Song, Senior Vice President, Enterprise IT BU, KT. "Through this partnership with Akamai, KT will provide a CDN platform specializing in media delivery, web performance and security so companies can focus on developing quality content and web applications without concerns about delivery."Akamai uses a widely-distributed network of servers to spread content that would otherwise be concentrated in a few locations resulting in greater network efficiency, better service quality for end users, and a more secure system. As part of the multi-year agreement, KT plans to deploy and sell their own operator CDN based on Akamai technology and by leveraging the Akamai Intelligent Platform?. "Since our partnership agreement in 2011, Akamai and KT have continued to collaborate closely," said Sanjay Singh, Senior Vice President, Asia Pacific & Japan, Akamai. "Through this expanded partnership, we will further strengthen the cooperation model with KT and help optimize online businesses in the Korean market with high levels of performance and security."About KTKT is the largest integrated wired/wireless telecommunications service provider in the Republic of Korea and one of the world's leading telecommunications operators. KT has 31.1 percent and 45 percent market share in mobile and high-speed Internet respectively and revenues for 2011 were USD 18.2 billion. KT provides the ultimate convergence of fixed and mobile services and set its path towards becoming a global ICT convergence leader. Furthermore, as the leader in Korea's telecommunications industry, KT has changed Korea's industrial paradigm with demonstrable success in each ICT field it enters.About Akamai Akamai® is the leading cloud platform for helping enterprises provide secure, high-performing user experiences on any device, anywhere. At the core of the Company's solutions is the Akamai Intelligent Platform? providing extensive reach, coupled with unmatched reliability, security, visibility and expertise. Akamai removes the complexities of connecting the increasingly mobile world, supporting 24/7 consumer demand, and enabling enterprises to securely leverage the cloud. To learn more about how Akamai is accelerating the pace of innovation in a hyperconnected world, please visit www.akamai.com or blogs.akamai.com, and follow @Akamai on Twitter.Akamai Statement Under the Private Securities Litigation Reform ActThis 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, failure of KT and Akamai technologies to work together or work together adequately to provide expected benefits from the alliance; the effects of any attempts to intentionally disrupt Akamai's services or network or KT's network or products by hackers or others, the failure of the CDN market to develop as predicted, a failure of Akamai's network infrastructure, and other factors that are discussed in Akamai's Annual Report on Form 10-K, quarterly reports on Form 10-Q, and other documents periodically filed with the SEC.Contacts:Jeff YoungSeungHyuk JeongAkamaiKT Media Relations--or-- Media Relations617email@example.com@kt.comSOURCE Akamai Technologies, Inc.