Limelight Acquires Yahoo Edgecast, Rebrands as Edgio

Must Read
Sienna Rowley
Sienna is an editor at Cloud Host News. She is an internet enthusiast, always eager to explore the latest trend in the tech space. She is a modest family woman who loves traveling in her free time.

Leading provider of edge cloud access services, Limelight acquires Yahoo’s Edge Cast CDN services and rebranded the joined company as Edgio.

Earlier this week, the CDN provider announced that it will be acquiring Edgecast, Inc. from Yahoo & Apollo Global Management in an all-stock transaction valued at about 300 million dollars.

In the upcoming months, the combined company will be named Edgio.

Edgecast provides Edge Computing, Content Delivery Network (CDN), Function-as-a-Service, and streaming delivery services.

Collectively, the companies will have over 300 PoPs (point of presence) and over 200Tbps, and in the year 2021, the duo have generated $502 million in revenue.

Bob Lyons, CEO of Limelight, Limelight, and Edgecast acquisition will help both the companies to build a power application, content, and video edge enabled solutions company that offers enhanced client performance, productivity, and security for the outcome buyer.

He further stated that collectively the companies have a strong value proposition in serving the fast-growing, yet fragmented Edge solutions market, and the companies’ united capabilities will boost its ability to capture more share of this high growth $40 billion total TAM.

Back in 2006, EdgeCast Network Inc was founded and later got acquired by Verizon in 2013.

Featured Image: Press News Wire

Subscribe to our newsletter, for more Press Releases.

spot_img

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -spot_img
Latest News

Cloudflare to Replace CAPTCHAs with Turnstile

Web performance and security company Cloudflare is planning to replace the conventional CAPTCHAs with a new simple and secure...
- Advertisement -spot_img

More Articles Like This