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Akamai Buys Octoshape

Akamai bought Octoshape in a cash transaction, Akamai said Monday in a news release. Octoshape's services help optimize the quality of video streams for over-the-top content and enable Internet Protocol TV, the release said. The acquisition of Octoshape is expected…

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to give Akamai valuable technology and experience in the area of streaming video optimization, it said.