Downdetector, Speedtest sold to IT service provider Accenture in $1.2B deal
3 hours ago
- #Data Analytics
- #Acquisition
- #Telecom
- Accenture acquires Ookla, owner of Speedtest and Downdetector, for $1.2 billion in cash.
- Ookla's data products will be integrated into Accenture's offerings to optimize Wi-Fi and 5G networks.
- Ookla's platform includes Ekahau for wireless network troubleshooting and RootMetrics for mobile network performance monitoring.
- Accenture will use Ookla's data for AI infrastructure resilience, fraud prevention, smart home analytics, and retail traffic optimization.
- Ookla's products see 250 million consumer-initiated tests monthly, with 430 employees, $76.1M net income, and $230.7M revenue in 2025.
- Ziff Davis purchased Ookla in 2014 for $15 million and expects the sale to close soon.