That seems like a lot for name recognition. I bet you could rebuild their technology for like $20m at the most, and buy 100% market share for like $100m easy. Unless they have some other assets other than the obvious?
that's nuts, unless I'm missing something, it doesn't seem like those products are that mind blowingly complex... wow. Makes we want to try building my own for the hell of it.
Downdetector in fact just seems to be a website catalog with essentially a guestbook and hit counter...
"By integrating Ookla’s data products, including Speedtest®, Downdetector®, Ekahau®, and RootMetrics®, Accenture will help Communications Service Providers (CSPs), hyperscalers, and enterprises optimize the mission-critical Wi-Fi and 5G networks that power their digital core. [...] Ookla’s data platform is anchored by more than 250 million consumer-initiated tests per month, complemented by controlled drive, walk, and embedded testing options"[1]
I am not sure why this old news is surfacing here today but I can give my 2 cents, since I sold speedchecker.com last year and were directly competing with Ookla.
The main business is selling the data. You use Speedtest.net to troubleshoot your connection but metrics captured with the test alongside location data give telcos invaluable insights on where they should improve their networks. Telcos pay 6 figures annually for this data and we have a few hundreds of of those big MNOs globally. This market is pretty big. Accenture is in trouble with their main consulting business due to AI so acquiring data business is one of the smart strategies they can implement to stay relevant.
To all commenters who think they can code it over the weekend, yes you are right. I coded my first speed checker over the weekend in 2008 but it took me 18 years to grow the user base , figure out entreprise sales strategy and exit. Its not easy as it seems.
It’s less than ninety days old and it isn’t (2025), so I wouldn’t consider this as ‘old news’ yet. TIL, for example! But if you think it’s a dupe/repost and should be squashed, email the mods a link to both this and the prior post so they can evaluate.
> but it took me 18 years to grow the user base , figure out entreprise sales strategy and exit.
The audience here has never wanted to admit that the codebase doesn't really matter. Now that codebases can be created in a weekend, people are opening their eyes to this sentiment - the hard part is the sales, the code is easy.
> I coded my first speed checker over the weekend in 2008 but it took me 18 years to grow the user base , figure out entreprise sales strategy and exit. Its not easy as it seems.
The biggest surprise (imo) when you start a business is how little of running a business is actually directly about the product. Having a product is essential, sure, and having a good product is nice, but that’s just the tip of the iceberg.
Are you able to share the details on how it was valued? Was it N times revenue or anything like that? I have tried to value a property several parties are interested in and found it quite mysterious.
Thank you for your service ( the product was/is -- haven't used in a while -- useful ).
I think this is the part that people do not appreciate. Sometimes it genuinely it is not the difficulty of the task from a pure programming perspective, but 1) getting the users and 2) getting people to pay for the service and 3) getting the right people to sign off on that.
It is very similar in banking. The products themselves are not super hard ( though the challenges are real ), buy just getting to talk to the right people is a hassle.
I would never have had SpeedTest on my board of unicorns…that’s an unbelievable sale price. To all the agents who negotiated that deal, my hat is off to you.
They are embedded in several points in many, many networks all over the world. They get real-world metrics, sometimes live as events are happening. And they don't own most of this infra, it's hosted voluntarily inside service provider and corporate networks.
Worked there for half a decade and helped a little on this deal but exited right before.
Like another commenter pointed out, the deal is a data acquisition. Ookla is multimillion dollar business thanks to its awards and data programs with almost every telco a customer. Accenture was already a competitor thanks to their Umlaut acquisition
For most consumers, Ookla = Speedtest but there’s a lot more beneath the surface. Ookla owns a drive-testing firm, Downdetector (consumer based outage reporting) and a thriving SDK & server network. Most of the data comes via background tests and embedded SDK tests.
I don’t think I would trust Downdetector in the hands of a company that its main business is consulting some of the same business to assess.
Imagine a large Accenture business being down. Would they provide that evidence even when that could harm their own SLA commitments with their clients?
There is something I never liked about Crapcenture - it's corporate culture is so weird and almost cult-like. There is no doubt they are successful but I question whether that model should even exist in the first place.
36 comments
[ 2.8 ms ] story [ 48.4 ms ] threadDowndetector in fact just seems to be a website catalog with essentially a guestbook and hit counter...
ZIR SV culture has built multiple generations of nerds that think that they can just effortlessly become billionaires. Ridiculous brain rot.
[1] https://newsroom.accenture.com/news/2026/accenture-to-acquir...
The main business is selling the data. You use Speedtest.net to troubleshoot your connection but metrics captured with the test alongside location data give telcos invaluable insights on where they should improve their networks. Telcos pay 6 figures annually for this data and we have a few hundreds of of those big MNOs globally. This market is pretty big. Accenture is in trouble with their main consulting business due to AI so acquiring data business is one of the smart strategies they can implement to stay relevant.
To all commenters who think they can code it over the weekend, yes you are right. I coded my first speed checker over the weekend in 2008 but it took me 18 years to grow the user base , figure out entreprise sales strategy and exit. Its not easy as it seems.
The audience here has never wanted to admit that the codebase doesn't really matter. Now that codebases can be created in a weekend, people are opening their eyes to this sentiment - the hard part is the sales, the code is easy.
The biggest surprise (imo) when you start a business is how little of running a business is actually directly about the product. Having a product is essential, sure, and having a good product is nice, but that’s just the tip of the iceberg.
I should get this printed and framed
Is this something being seen across all outsourcers like Accenture, Wipro, Infosys etc?
I think this is the part that people do not appreciate. Sometimes it genuinely it is not the difficulty of the task from a pure programming perspective, but 1) getting the users and 2) getting people to pay for the service and 3) getting the right people to sign off on that.
It is very similar in banking. The products themselves are not super hard ( though the challenges are real ), buy just getting to talk to the right people is a hassle.
Like another commenter pointed out, the deal is a data acquisition. Ookla is multimillion dollar business thanks to its awards and data programs with almost every telco a customer. Accenture was already a competitor thanks to their Umlaut acquisition
For most consumers, Ookla = Speedtest but there’s a lot more beneath the surface. Ookla owns a drive-testing firm, Downdetector (consumer based outage reporting) and a thriving SDK & server network. Most of the data comes via background tests and embedded SDK tests.
Imagine a large Accenture business being down. Would they provide that evidence even when that could harm their own SLA commitments with their clients?
I would trust Datadog more with https://updog.ai/