Payday for Red Swoosh: $15 million from Akamai
Akamai has acquired Red Swoosh for $15 million in a stock for stock transaction. We covered Red Swoosh last year when they launched a free, ad supported version of its file serving technology.
Red Swoosh uses bittorent-like technology to quickly transfer files using peer to peer technology. Some companies are starting to use bittorent directly for file sharing, however, which questions the need for something like Red Swoosh. See this post on the BBC's useage of Zudeo and bittorent to deliver files to users. Pando, another startup, also overlaps a bit with Red Swoosh.