Akamai Technologies Inc. (AKAM) said that it has acquired Red Swoosh, Inc for about $15 million.Red Swoosh has developed innovative client-side technology for supporting the management and distribution of media files in a controlled fashion, respecting the rights restrictions and copyrights of all publishers. Red Swoosh's technology is designed to empower content publishers and distributors to manage and monetize large-file distribution to edge devices, such as set top boxes and personal computers. The acquisition of Red Swoosh is expected to augment Akamai's distributed Internet presence by combining client-side file management and distribution software with Akamai's scalable backend control system and global network of edge servers. The Red Swoosh team will be integrated into Akamai's existing engineering team in California.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.