Our comments and trackback policy You Link We Follow, You Comment We Promote

Akamai has finally made a big push into P2P by acquiring Santa Monica based RedSwoosh for $15 million in stock for stock transaction.

RedSwoosh uses a technology similar to that of bittorrent to quickly transfer files using peer to peer networking. The company was founded in 2001 and went through a troubled period during the dot com crash days. Mark Cuban re capitalized and invested $1.7 million in the company in 2005.

RedSwoosh founder and CEO Travis Kalanick is better known for being a part of the founding team of Scour, the Michael Ovitz backed file sharing service that was sued out of business by the entertainment industry. RedSwoosh employees will become a part of Akamai´s engineering personnel in California.