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Red Swoosh was a peer-to-peer file sharing company founded by Travis Kalanick and Michael Todd in 2001 and acquired by Akamai Technologies in 2007. The Red Swoosh technology included a centralized directory that indexed online clients and caches. The Red Swoosh client is a Peer to Peer networking client from Akamai Technologies that downloads and sideloads video multicasts from websites that support the Red Swoosh technology. The Red Swoosh peercasting tool is a browser extension caches data, reflecting and sharing files delivered through the "Swoosh network" or Distributed Network.
On April 12, 2007 Red Swoosh was acquired in an all-stock merger transaction, by Akamai Technologies. The all stock acquisition was valued at approximately $19 million (not including earn-outs).   
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