AKAM: Announces Intent to Acquire LayerX for ~$205M with Expected Close in Q3

研报英文原文证据摘录

AKAM: Announces Intent to Acquire LayerX for ~$205M with Expected Close in Q3

EQUITY RESEARCH QUICK TAKE

RBC Capital Markets, LLC

Rishi Jaluria (Analyst)

Max Persico, CFA (Senior Associate)

Matthew Hedberg (Head of Global TIMT

Research)

May 14, 2026

Akamai Technologies, Inc.

Announces Intent to Acquire LayerX for ~$205M with Expected Close in Q3

NASDAQ: AKAM | USD 161.14 | Sector Perform | Price Target USD 150.00

Sentiment: Neutral

Before the open on Thursday (05/14), Akamai announced its intent to acquire LayerX, a provider of browser-based AI usage

control and secure enterprise browser (SEB) technology. Digging deeper:

• Akamai has entered into a definitive agreement to acquire all outstanding equity of LayerX for ~$205M, after expected

purchase price adjustments. Management expects the acquisition to close in F3Q26, subject to customary closing conditions.

• The acquisition is expected to be ~$0.12 dilutive to non-GAAP EPS for FY2026. LayerX's annual recurring revenue (ARR) is

expected to be ~$10M at year-end.

• LayerX's technology adds browser-level visibility and control to Akamai's existing Zero Trust portfolio, targeting a gap in how

enterprises monitor employee interactions with AI tools and large language models.

• Unlike proprietary enterprise browsers that require users to switch browsers, LayerX works across existing popular browsers,

as well as next-gen agentic browsers. It provides real-time oversight of web content, prompts, file uploads, and SaaS application

activity without requiring infrastructure changes.

• Last, LayerX employees, including co-founders Or Eshed and David Vaisbrud, will join Akamai's Zero Trust organization. Beyond

this, we note this is Akamai's fourth Tel Aviv-based cybersecurity acquisition in the past five years.