Irish technology company Asavie has been bought by US based content delivery network and cloud service provider Akamai Technologies.

Details of how much Nasdaq listed Akamai is paying for the mobile and internet of things software developer have not been disclosed but it is an all-cash transaction.

Cambridge Massachusetts based Akamai said the purchase would help it to advance its 5G security strategy.

"We believe the addition of Asavie will help Akamai's carrier partners address enterprise and mid-market customer demand for IoT and mobile device security and management services," said Dr Tom Leighton, chief executive officer and co-founder of Akamai Technologies.

"What's notable about the Asavie solution is that, as more IoT devices connect over cellular and 5G, it has been shown to be very easy to scale and protect them.

Founded 16 years ago by Ralph Shaw and Tom Maher, Asavie makes software to manage the security, performance and access policies for mobile and internet-connected devices.

It counts AA Ireland, Glanbia and Camelot UK Lotteries among its customers and works with partners such as AT&T, Verizon, O2, Vodafone and Telefonica.  

"We expect Covid-19 to have a lasting impact on how employees work and how businesses operate," said Mr Shaw, Asavie’s chief executive officer. 

"Network security needs will be required to evolve in a 5G era where the office needs to go wherever employees happen to work."

Akamai recorded total revenue of $2.894 billion last year, up 7% year-over-year.