Ziff Davis, a prominent tech media company, has announced the sale of its Connectivity division, which includes popular tools like Ookla’s Speedtest and Downdetector, to Accenture for a significant $1.2 billion transaction. This strategic move will enable Ziff Davis to refocus its efforts on its enthusiast websites and health and auto platforms, streamlining its business operations.
The deal is poised to be finalized shortly, marking a shift in ownership for these well-known tech services. Accenture, a global professional services company, recognizes the value of the Ookla portfolio, particularly in enhancing its network intelligence services, showcasing a strategic alignment between the two entities.
With this acquisition, Accenture aims to leverage the technological capabilities of Ookla and Downdetector to bolster its service offerings in the digital connectivity space, catering to the increasing demand for reliable network performance metrics and outage detection tools.
Source: Tech-Economic Times