Akamai and Limelight sign license agreement

Akamai and Limelight have signed a license deal worth $54 million. The license deal comes after the most recent judgement in a decade old lawsuit, which even has its own Wikipedia page where Limelight was forced to pay $51 million in damages. This agreement is meant as a replacement for the damages awarded in the lawsuit will be paid for in 12 installments over 3 years. This deal, coupled with some other measures, means Limelight is now confident about its future: “This agreement, coupled with the series of financial and operational improvements, further enhances our confidence in Limelight’s value creation opportunity.” says Limelight CEO Robert Lento.

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