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Akamai has acquired Red Swoosh for $15 million in a stock for stock transaction. Mike Afergan, the CTO at Akamai said, “Red Swoosh has developed highly differentiated client-side technology to extend content delivery capabilities to edge devices in a controlled fashion, while respecting the rules set by enterprises for the distribution of their content.”

Red Swoosh has been around for the past six years and really struggled coming out of the dot-NOT years. They recapitalized in 2005 and raised an additional $1.7 million from Mark Cuban. In 2006 Red Swoosh went off shore for a month by moving the six person company to Krabi, Thailand, while they built a new product. I don’t know what was in the water in Thailand, but it turns out that the Red Swoosh is now going to be an orange wave.

The acquisition of Red Swoosh is expected to augment Akamai’s distributed Internet presence by combining client-side file management and distribution software with Akamai’s scalable backend control system and global network of edge servers. The Red Swoosh team will be integrated into Akamai’s existing engineering team in California.

akamai

SalesForce has just released a new content management platform, called ContentExchange. It allows users organize documents by tags and share them within the enterprise. Docs can be uploaded, downloaded, and shared within a project “workspace”. Features include the ability to tag, rate, subscribe, comment and get automated file recommendations based on the document’s meta data.

Each project workspace has a structured workflow which, allows users to check documents in and out, create multiple versions, and define the required action steps in a document’s workflow (approval, task assignment, etc.). It is integrated with Salesforce’s CRM application, allowing users to attach documents to the CRM records they already have.

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