Akamai agrees to buy Verivue

By Chris Reidy, Globe Staff

Akamai Technologies Inc., the Cambridge company that runs a massive worldwide content delivery network, has agreed to buy Verivue of Westford, the two companies said Tuesday.

The press release issued by the companies did not include a purchase price, but described the planned deal as a “cash transaction” that is expected close by the end of the year. Verivue has about 60 employees, the release said.

“Verivue has done an impressive job of building a licensed content delivery infrastructure and getting it deployed with several important operators,” Mick Scully, an Akamai vice president, said in a statement. “We believe that Verivue’s technology will complement our roadmap for creating a comprehensive Operator CDN solution.  Akamai has relationships with hundreds of network operators, and we offer them instant federation with our global Intelligent Platform.  We believe joining forces with Verivue will allow us to help operators maximize content revenues and network efficiencies as the flood of media and video traffic increases.”