Akamai Technologies (AKAM) has acquired Fermyon, the serverless WebAssembly company. Fermyon's employees, including co-founders Matt Butcher and Radu Matei, will join Akamai's Cloud Technology Group. Akamai plans to deepen the integration between the edge functions platform and its performance and security products. Akamai anticipates no material impact to financial guidance for 2025 as a result of the transaction.
"Fermyon's FaaS capabilities, combined with Akamai's cloud, will make it even easier for developers to innovate and execute lightweight code at the edge," said Adam Karon, chief operating officer and general manager, Cloud Technology Group, Akamai Technologies.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.