Accenture is buying Speedtest app for $1.2 billion
Business
Accenture just announced it's buying Ookla—the company behind Speedtest and Downdetector—for a cool $1.2 billion in cash.
This move brings together top network intelligence brands under one roof, helping Accenture step up its game for companies trying to make their Wi-Fi and 5G networks faster and more reliable.
The deal is expected to close soon
Ookla isn't just about internet speed tests; its platform runs over 250 million tests every month and tracks more than 1,000 performance details.
Last year alone, Ookla pulled in $231 million in revenue.
Accenture's CEO Julie Sweet says modern networks are "business-critical," especially as AI grows, so measuring performance is key to keeping things smooth and secure.
The deal should close soon, pending approval.