Akamai partners with Cloudinary to enhance video management offerings

CAMBRIDGE, Mass. - Akamai Technologies (NASDAQ: AKAM), a $11.4 billion market cap technology company with over $4 billion in annual revenue, announced Wednesday a strategic partnership with Cloudinary to power its next-generation Video Manager solution. Under the agreement, Akamai will integrate Cloudinary’s AI-powered video technology into its Video Manager product. According to InvestingPro data, Akamai maintains a healthy financial profile with strong profitability metrics.

The partnership aims to address video management challenges including performance optimization and post-production work. Cloudinary has also joined Akamai’s Qualified Compute Partner Program as an Independent Software Vendor (ISV). This strategic move comes as 13 analysts have revised their earnings expectations upward for Akamai’s upcoming period, suggesting strong business momentum.

As part of the Qualified Compute Partner Program, Cloudinary brings over a decade of experience in video management, currently powering more than 1 billion videos for thousands of customers across various industries. The company’s solutions will be deployed on Akamai Cloud.

"Akamai is pleased to make Cloudinary’s AI-powered video solution available to Akamai customers through the Akamai Qualified Compute Partner Program," said Dan Lawrence, Senior Vice President of Cloud Computing at Akamai.

Gary Ballabio, Vice President of Strategic Technology Partnerships at Cloudinary, added that the partnership would help ensure fast, customized video experiences across all platforms.

The Akamai Qualified Compute Partner Program offers solution-based services that are interoperable with Akamai cloud computing services. Partners undergo a qualification process to ensure their solutions can deploy and scale across Akamai’s global cloud platform.

This information is based on a press release statement from Akamai Technologies. InvestingPro analysis indicates that Akamai is currently undervalued, with management actively buying back shares. Discover more insights and 6 additional ProTips about Akamai’s investment potential through InvestingPro’s comprehensive research reports, available for over 1,400 US stocks.

In other recent news, Akamai Technologies reported its Q1 2025 earnings, surpassing Wall Street expectations with a non-GAAP earnings per share of $1.70, compared to the forecasted $1.57. The company achieved revenue of $1.02 billion, slightly above the anticipated $1.01 billion, marking a 3% year-over-year growth. Akamai announced a $1.35 billion convertible senior notes offering, targeting qualified institutional buyers, with proceeds aimed at repaying existing borrowings and repurchasing common stock. Additionally, Akamai’s shareholders approved an increase of 8 million shares to its stock incentive plan and elected board members for terms expiring in 2026. Amendments to eliminate supermajority voting requirements in the company’s Certificate of Incorporation were also approved. Furthermore, Akamai confirmed the appointment of PricewaterhouseCoopers LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2025. Despite these positive developments, Akamai’s stock experienced a decline in after-hours trading.

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