Velocitude acquired by Akamai

Akamai Technologies has announced that it has acquired substantially all of the assets of Velocitude, a mobile services platform. The acquisition is expected to further Akamai's strategic position in the mobile market -- adding mobile content transformation functionality to Akamai's existing suite of cloud services for optimizing Web content and applications, and the delivery of HD video and secure e-commerce to mobile devices.

With analysts predicting that the number of global Internet mobile users will surpass global desktop Internet users in the next five years, available market data is forecasting that mobile commerce is expected to grow to $24 billion by 2015. By adding Velocitude's mobile platform to its product portfolio, Akamai plans to deliver content to today's leading mobile phones without requiring the creation of separate Web sites or infrastructure dedicated to mobile content.