Akamai Technologies Inc. has acquired Red Swoosh Inc. in an all-stock merger transaction. The acquisition of Red Swoosh is valued at approximately $15 million, net of cash acquired. Red Swoosh has developed client-side technology for supporting the management and distribution of media files in a controlled fashion, respecting the rights restrictions and copyrights of all publishers. 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 backend control system and global network of edge servers. The Red Swoosh team will be integrated into Akamai's existing engineering team in California.