Akamai Elects CheckFree CEO Pete Kight to Its Board Of Directors
Thursday March 25, 6:30 am ET
CAMBRIDGE, Mass.--(BUSINESS WIRE)--March 25, 2004--Akamai Technologies, Inc. (NASDAQ: AKAM - News), the global leader in distributed computing solutions and services, today announced the election of Pete Kight, founder, chairman and chief executive officer of CheckFree Corporation (NASDAQ: CKFR - News), to the Akamai Board of Directors. Kight founded CheckFree in 1981 with an initial vision to provide electronic funds transfer services; and today, CheckFree is a leading provider of financial electronic commerce services and products, and the market leader in electronic billing and payment.
"The success of CheckFree is testament to Pete's vision and leadership in bringing technology to bear that has turned the Internet into a more efficient, consumer-friendly online marketplace," said George Conrades, chairman and CEO of Akamai. "We look forward to drawing upon Pete's experience in scaling an Internet-based services platform business."
"Akamai and CheckFree share a commitment to a high-quality customer experience, innovation that brings convenience to consumers and businesses, and technology that scales as demand for these types of services are adopted by the mainstream," said Pete Kight, chairman and CEO of CheckFree. "I look forward to working with Akamai, and participating as a member of its board of directors."
Using CheckFree technology, consumers can pay their bills online from more than 1,100 sites including Internet portals, banks, leading credit unions, and brokerage firms, and personal financial management software. Since 1997, when Kight unveiled the industry's first Internet bill, CheckFree has been working with businesses to transform the monthly bill into an interactive communications tool.
CheckFree, headquartered in Atlanta, Georgia, has more than 2,750 employees in 16 offices in the United States, Canada and Europe, and became a publicly held company in 1995. Today the company has three divisions - Electronic Commerce, Software, and Investment Services. . .
biz.yahoo.com |
