Downdetector and Speedtest sold to Accenture for $1.2 billion

Source: The Verge

Acquisition Overview

Downdetector and Speedtest – the free platforms that let users quickly check internet speeds or see if an online service is down – are set to change ownership. On Tuesday, consulting and IT services firm Accenture announced that it has agreed to acquire the Ookla‑owned platforms from Ziff Davis for $1.2 billion, as reported by Reuters.

Statements from Leadership

In the press release, Accenture CEO Julie Sweet said the company will use Ookla’s products to capture data that will help “clients across business and government scale AI safely.”

Background

• Ziff Davis owns media properties such as CNET, IGN, and Eurogamer.
• Ziff Davis acquired Ookla in 2014.
• Ookla’s other products include Speedtest® and Downdetector, which provide real‑time internet performance and outage information.

Source

Read the full story on The Verge.