Akamai Technologies has entered into an agreement to acquire Exceda, its largest channel partner in Latin America.
Exceda became an Akamai channel partner in 2002. The company sells the full portfolio of Akamai products, and operates in seven Latin American countries with offices in Argentina, Brazil, Chile and Mexico. Throughout its existence, Exceda has been almost exclusively focused on selling Akamai solutions.
The all-cash transaction is expected to close in 4Q19. Akamai expects the Exceda transaction to add approximately $2 million of revenue in 2019, and $15 million in 2020.