Akamai Streamlines Public Sector Technology Acquisition with New State of Montana Data Communications Contract
Akamai (NASDAQ: AKAM) secured a new State of Montana data communications contract vehicle effective April 1, 2026.
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Rhea-AI Summary
Akamai (NASDAQ: AKAM) secured a new State of Montana data communications contract vehicle effective April 1, 2026. The agreement creates a pre-competed procurement path for state, local, and education customers to acquire Akamai cloud and security solutions through an authorized vehicle.
The contract enables faster deployments, meets mandatory pre-competed purchasing requirements, and uses Carahsoft to fulfill orders and provide technical guidance for participating agencies.
Positive
- Pre-competed contract reduces procurement time for public agencies
- Expands market access to Montana state, local, and education buyers
- Carahsoft partnership ensures fulfillment and technical support
Negative
- Geographic concentration initially centered on Montana, limiting immediate nationwide impact
- Competitive alternative may face overlapping reciprocal agreements with existing NASPO ValuePoint contracts
Details
News Market Reaction – AKAM
On Apr 1, the day this news came out, AKAM closed 0.78% above the previous close.
Data tracked by StockTitan Argus for the Apr 1 session.
Key Figures
- Share price
- $114.85
- Pre-news context, 24h change +4.2%
- 2025 total revenue
- $4.208 billion
- 2025 results from DEF 14A, up 5%
- 2025 security revenue
- $2.24 billion
- 2025 security segment, 10% growth
- 2025 compute revenue
- $708 million
- 2025 compute segment, 12% growth
- 2025 delivery revenue
- $1.26 billion
- 2025 delivery segment
- 2025 operating cash flow
- $1.52 billion
- 36% of 2025 revenue per proxy
- 2025 share repurchases
- $800 million / 10M shares
- Buybacks highlighted in DEF 14A
- Shares outstanding
- 144,888,114 shares
- As of 03/12/2026 in Form 144
Previous Acquisition Reports
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Acquisition of Fermyon’s Wasm FaaS platform to enhance edge capabilities.
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Acquisition of select Edgio content delivery and security customer contracts.
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Completion of $450M Noname Security acquisition to bolster API security.
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Announcement of intent to acquire Noname Security for about $450M.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
AI-generated analysis. How Rhea-AI works. Not financial advice.
New contract vehicle provides government and education customers a pre-competed, competitive alternative to expiring NASPO ValuePoint agreements
CAMBRIDGE, Mass., April 01, 2026 (GLOBE NEWSWIRE) -- Akamai (NASDAQ: AKAM) today announced that the State of Montana awarded the company a new data communications contract vehicle. The agreement streamlines how state and local agencies, as well as educational institutions, can acquire Akamai’s industry-leading security and cloud computing solutions.
Public sector organizations currently face a dual challenge: defending against sophisticated cyberthreats while navigating rigid procurement cycles. This new contract addresses both. It offers a pre-competed, compliance-enabling pathway for government entities to upgrade their infrastructure, serving as a critical alternative to existing solutions.
“Government agencies and schools need immediate access to industry-leading cloud and security tools without the administrative hurdles of traditional bidding,” said Rob San Martin, Vice President, Public Sector, Akamai. “By securing this contract, Akamai is simplifying the roadmap for Montana’s digital leaders. We provide the essential cloud infrastructure and security architecture that both protects citizen data and helps enable government services for resilience, scalability, and performance.”
The contract opens new opportunities for several key groups:
- State and local agencies: Meets mandatory “pre-competed” purchasing requirements, allowing for faster deployment of security patches and cloud scale.
- Education (K-12 and higher ed): Provides schools with a direct mechanism to modernize campuses and protect student data.
- Other U.S. states: Offers a competitive, authorized vehicle for any state looking to diversify its technology stack through reciprocal agreements.
Akamai will leverage its partnership with Carahsoft to fulfill orders and provide technical guidance to participating agencies.
“Carahsoft stands ready to help agencies maximize the value of this new contract,” said Andres Azcuna, Sales Director, Carahsoft Technologies. “By adding Akamai’s portfolio to this Montana vehicle, we give our public sector customers a proven, competitive edge in securing their digital transformation initiatives.”
For more information on Akamai’s public sector solutions, visit Akamai.com/PublicSector.
About Akamai
Akamai is the cybersecurity and cloud computing company that powers and protects business online. Our market-leading security solutions, superior threat intelligence, and global operations team provide defense in depth to safeguard enterprise data and applications everywhere. Akamai’s full-stack cloud computing solutions deliver performance and affordability on the world’s most distributed platform. Global enterprises trust Akamai to provide the industry-leading reliability, scale, and expertise they need to grow their business with confidence. Learn more at akamai.com and akamai.com/blog, or follow Akamai Technologies on X and LinkedIn.
Contacts
Akamai Media Relations
akamaipr@akamai.com
Akamai Investor Relations
invrel@akamai.com
This press release was published by a CLEAR® Verified individual.
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