Morales & Besa successfully advised Grupo Exceda which was acquired by Akamai Technologies Inc.
Morales & Besa successfully advised Grupo Exceda, that was Akamai’s largest channel partner in Latin America, selling the full portfolio of Akamai products. It is expected that the combined Akamai and Exceda teams will allow Akamai to scale its Latin American business to meet the increasing demand for security and web acceleration services, and cloud infrastructure investments in the region.
Akamai announced an agreement between the two parties for it to acquire the company in an all-cash transaction.
M&B acted as corporate counsel to Grupo Exceda in the referred transaction, since some of the assets were placed in Chile and were owned by a Chilean company.
The Morales & Besa team that participated in the transaction was led by partner Eugenio Besa, along with partner Edmundo Varas, director Lorena Barrientos, senior associate Jaime Rosso and associate Isabel Cabeza.