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CAMBRIDGE, Mass. - Akamai Technologies, Inc. (NASDAQ:AKAM), a $10.87 billion market cap technology company with strong financial health indicators and a current ratio of 2.31, announced Thursday an expanded partnership with Apiiro to enhance application security throughout the software development lifecycle. According to InvestingPro data, the company maintains robust liquidity with liquid assets exceeding short-term obligations.
The collaboration, which began in 2024 with a focus on API visibility in source code, now aims to provide a comprehensive application security posture management (ASPM) platform. The expanded partnership integrates Akamai’s API security capabilities with Apiiro’s platform to offer unified governance and centralized risk management. With 21 analysts recently revising earnings expectations upward according to InvestingPro, the market appears optimistic about this strategic move.
According to the companies, the partnership addresses challenges including accelerated development cycles, fragmented security tools, governance gaps, and the increasing complexity from AI-driven API expansion.
"This partnership expands our ability to help customers manage application risk holistically," said Patrick Sullivan, CTO of Security Strategy at Akamai, in the press release statement.
The integrated solution promises complete visibility across code, cloud, and runtime environments, along with context-driven risk correlation and prioritization of security issues based on factors such as runtime exposure and business impact.
One Fortune 100 insurance provider reportedly saved over $3 million annually through improved visibility and remediation across more than 2,400 applications, according to information provided in the announcement.
The companies stated that the partnership will include joint customer support and aligned product roadmaps to deliver a unified approach to application security. Based on InvestingPro analysis, Akamai currently appears undervalued, with additional insights available in the comprehensive Pro Research Report, which offers deep-dive analysis of this and 1,400+ other US stocks.
In other recent news, Akamai Technologies reported strong second-quarter results, surpassing analyst expectations, particularly in its Delivery segment. This performance led DA Davidson to reiterate its Buy rating with a $115 price target. Additionally, TD Cowen raised its price target for Akamai to $98, acknowledging the company’s upbeat results and positive guidance for the third quarter of 2025. However, Piper Sandler lowered its price target to $83 due to concerns over free cash flow, while maintaining a Neutral rating. In another development, Akamai launched a new Managed Service for API Performance, aimed at improving API speed and reliability in complex digital environments. Meanwhile, TriNet Group announced the appointment of Janet Kennedy and Madhu Ranganathan to its Board of Directors. Kennedy brings extensive experience from her previous roles at Google Cloud, Microsoft, and IBM. These developments reflect ongoing strategic initiatives and adjustments within both companies.
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