Akamai technologies, inc. (nasdaqgs:akam) completed the acquisition of exceda ltda.

Akamai technologies, inc. (nasdaqgs:akam) entered into an agreement to acquire exceda ltda on september 9, 2019. the all-cash transaction is expected to close in the fourth quarter of 2019. the transaction is expected to be $0.01 dilutive to its non-gaap earnings per share for 2019, and $0.01 - 0.02 accretive in 2020. the acquisition is not expected to impact akamai's previously-stated goal of achieving a non-gaap operating margin of 30% by 2020. marcello hallake of jones day acted as legal advisor to exceda ltda. akamai technologies, inc. (nasdaqgs:akam) completed the acquisition of exceda ltda for $33 million on november 4, 2019.
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