Accenture acquired Ookla, the parent company of speed test software Speedtest, for $1.2 billion.

According to Reuters, Ziff Davis has agreed to sell its Connectivity division to Accenture for $1.2 billion in cash. This division includes Ookla's Speedtest app, Downdetector, Ekahau, and RootMetrics. Following the transaction, Ziff Davis will focus on vertical media companies such as IGN and Mashable, as well as businesses like Everyday Health. The Connectivity division is projected to generate approximately $231 million in revenue in 2025, representing about 16% of Ziff Davis's total revenue. Ziff Davis stated that the proceeds will be used for general corporate purposes and capital allocation activities. Accenture stated that the acquisition will leverage Ookla's product portfolio to provide end-to-end cyber intelligence services to support its AI-related transformation businesses.