On September 11, 2001, co-founder Daniel M. On July 1, 2001, Akamai was added to the Russell 3000 Index and Russell 2000 Index. The company launched its commercial service in April 1999 and was listed on the NASDAQ Stock Market from October 29, 1999. Conrades became the chief executive officer of Akamai in April 1999. and senior vice president of US operations for IBM. Most notably, Paul Sagan, former president of New Media for Time Inc., and George Conrades, former chairman and chief executive officer of BBN Corp. In late 1998 and early 1999, a group of business professionals and scientists joined the founding team. By August 1998, they had developed a working prototype, and with the help of Jonathan Seelig and Randall Kaplan, they began taking steps to incorporate the company. Īkamai Technologies entered the 1998 MIT $50K competition with a business proposition based on their research on consistent hashing, and were selected as one of the finalists. The company was named after akamai, which means 'clever,' or more colloquially, 'cool' in Hawaiian, which Lewin had discovered in a Hawaiian-English dictionary after the suggestion of a colleague. Further, Akamai implements DDoS mitigation and other security services in its edge server platform. Akamai's mapping system assigns each user to a proximal edge server using sophisticated algorithms such as stable matching and consistent hashing, enabling more reliable and faster web downloads. When a user navigates to the URL of an Akamai customer, their browser is directed by Akamai's domain name system to a proximal edge server that can serve the requested content. The company operates a network of servers worldwide and rents the capacity of the servers to customers wanting to increase the efficiency of their websites by using Akamai owned servers located near the user. is an American content delivery network (CDN), cybersecurity, and cloud service company, providing web and Internet security services.

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