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Akamai grows along with Web traffic

Akamai’s global network of Internet servers helps route videos and other Internet data. Akamai’s global network of Internet servers helps route videos and other Internet data. (Istockphoto.Com)
January 1, 2011

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Akamai Technologies Inc., which manages Internet traffic, was a hot stock last year as demand grew for video delivery on the Web. Early in 2010, the Cambridge-based company was selected by Netflix Inc. as the primary content delivery network for movies and TV shows streamed instantly over the Internet. Akamai also got a boost from the World Cup in the second quarter as soccer fans clamored to watch the matches online. For the year, Akamai was the seventh best performer in the S&P 500. In November, Akamai filed a patent-infringement suit against Contendo Inc., a start-up whose technology makes websites load faster. Contendo said the suit has no merit.