Tech Tidbits: Akamai, Lilliputian Make Waves

9/14/12Follow @gthuang

It has been a very busy news week around town, with no signs of slowing down. A few big deals we’re watching today…

—Wilmington, MA-based Lilliputian Systems, a company developing portable-power technology for consumer electronics, has raised a distinctly non-Lilliputian round of equity funding: $40 million out of a planned $60 million, led by Rusnano, the Russian investment fund. Lilliputian’s other investors include Kleiner Perkins Caufield & Byers, Altira Group, Stata Venture Partners, Atlas Venture, and Fairhaven Capital. (Rusnano’s other Boston-area investments include BIND Biosciences and Selecta Biosciences.)

Lilliputian started in 2001 and is led by CEO Ken Lazarus. Its technology, originally developed at MIT, involves a chip-based power generator and recyclable fuel cartridges; this approach could potentially replace batteries in smartphones, tablets, and cameras, if it works better.

—Cambridge, MA-based Akamai Technologies (NASDAQ: AKAM) has acquired FastSoft, a Pasadena, CA-based software firm, for an undisclosed cash price. The move appears to strengthen Akamai in certain areas of network optimization, such as making websites and Web/mobile applications run faster when handling video and other rich media. Akamai says it will integrate the FastSoft team into its engineering group, setting up a center in Pasadena to work on network protocols and optimization technology. The acquisition won’t have a material impact on Akamai’s financials, the company says. But the deal follows in the footsteps of Akamai’s recent acquisitions of Blaze Software and Cotendo in Web and mobile optimization.

Gregory T. Huang is Xconomy's Deputy Editor, National IT Editor, and the Editor of Xconomy Boston. You can e-mail him at gthuang@xconomy.com. Follow @gthuang

By posting a comment, you agree to our terms and conditions.