This Tuesday (on August 30, 2011), Limelight Networks, the leading Content Delivery Network services provider, announced: that it will be selling its EyeWonder unit to DG Fast Channel Inc for 66 million USD cash. Limelight Networks had completed its acquisition of EyeWonder in 2010 and started leveraging the advertisement platform of the same with its various solutions.
Over the last year, while Limelight Networks tried to sell and get better returns on the solutions it got from EyeWonder, the Q2, 2011 saw a decline in the Company’s digital media earnings due to less traffic on the advertising platform of EyeWonder. Apart from this, the Company was looking to increase its cash reserves for further planning and expansion and because of this; it considered selling the EyeWonder solution to DG Fast Channel Inc.
Overall, the stock market took this news positively and the shares of Limelight Networks saw an increase of $0.2 because of the increased reserves that improved the Company’s financial condition.
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Tags: eyewonder inc, limelight, limelight networks, technology news
Created at September 2nd, 2011 in Mergers & Acquistions |
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Last Thursday (on August 4, 2011), Level 3 Communication, the leading international provider of fiber-based solutions and Global Crossing, the leading provider of global IP, Ethernet, Data Center and video streaming solutions, announced that their respective stock holders had approved the bid of Level 3 to acquire Global Crossing.
Level 3 had put a bid to acquire Global Crossing to leverage the synergies between the Companies and their complementing services to reach out to more customers. A whopping 99.8 percent of Global Crossing’s shares voting and a 99.6 percent of Level 3’s shares voting approved the deal at their corresponding meetings. In addition, 85.2 percent of Level 3’s shares outstanding voted for issuance of Level 3’s common stock to the stockholders of Global Crossing.
The Management of both the Companies was extremely happy with the huge support from their stockholders and the Companies are expected to close this transaction before the end of 2011.
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Tags: acquisitions, internet news, level 3
Created at August 8th, 2011 in Mergers & Acquistions |
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Today (on May 9, 2011), Limelight Networks, one of the leading providers of Content Delivery Networks and other cloud-based delivery optimizations, announced that it would be acquiring the Tel Aviv-based web optimization solutions provider, AcceloWeb. The acquisition will provide Limelight Networks with AcceloWeb’s solutions that address the bottlenecks of presenting a site or application within the browser.
Limelight Networks will be leveraging the technology of AcceloWeb and integrate it into their web and application acceleration services to improve the “Time to Action” on the websites of their clients. The integration will be easy since AcceloWeb’s solution does not require any pre-configuration, installations or changes to workflow. Limelight mentioned that the improved performance due to this technology will enable them to improve the QoS of their customers and result in better conversions on the latter’s websites.
While it was mentioned that YL Ventures participated in the transaction that involved both cash and common stock, as a strategic advisor, board member and investor, the financial details of the deal were not made public.
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Tags: acquisitions, internet news, limelight, limelight networks
Created at May 9th, 2011 in Mergers & Acquistions |
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Yesterday (on May 3, 2011), Limelight Networks, the leading provider of IT solutions including Content Delivery Networks, announced the acquisition of Clickability, which is a San Francisco based Software-as-a-Service provider. Clickability provides solutions to help in publishing content and tracking visitor experiences, thus helping content providers make better campaigning decisions.
Limelight Networks mentioned that Clickability’s web content management and web marketing tools were perfect complements of its Limelight Video Platform business and the integration of these services will allow their customers in understanding trends better, thus adding a lot more value to Limelight’s offering. Limelight also mentioned that Clickability will accelerate its growth and product innovation cycle and the CDN provider expects Clickability to contribute almost 4.5 to 5 million USD from the second half of 2011.
The deal was brokered by Catapult Advisors, who were the financial advisors of Clickability for this transaction and as part of the acquisition, Limelight Networks paid about 10 million USD in a combination of cash and common stock.
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Tags: acquisitions, limelight, limelight networks
Created at May 4th, 2011 in Mergers & Acquistions |
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Today (on October 19, 2010), the high performance IP platforms provider, Verivue Inc. announced that it has completed the acquisition of the Content Delivery Networks provider, CoBlitz LLC. This deal is expected to supplement Verivue’s existing portfolio of content delivery solutions with the video networks and over-the-top (OTT) video solutions provided by CoBlitz.
The merged entity will have a much bigger spread in terms of clientele and the additional network reach and infrastructure of CoBlitz, will also help Verivue in expanding and up-scaling its operations quickly. As part of the deal, the CoBlitz Management will join hands with the Verivue leadership and run the combined entity jointly. Their practical knowledge and in-depth research about the aspects of CDN technology that are complementary to Verivue’s existing solutions are expected to help the new Company further.
Since both the Companies are privately held, the financial details about the deal were not disclosed, however, it was announced that the deal involved some stock swap and a small amount of money.
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Tags: acquisitions, cdn, content delivery network, Verivue
Created at October 19th, 2010 in Mergers & Acquistions |
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Yesterday (on September 23, 2010), Concurrent, one of the leading providers of video and media data and advertising solutions announced that it accelerated its multi-screen video technology by the acquisition of TellyTopia, one of the first Companies in the world to bring user-generated and Internet hosted video directly to Television sets by making use of the existing cable network infrastructure.
The integration of Concurrent’s technology with TellyTopia’s solution will allow Concurrent to sell their solutions to cable companies, telco operators and content delivery network providers, who wish to streamline their offerings between broadcast and Internet content providers and also add monetization by adding advertisers and improving the QoS for the end-user.
Concurrent also obtained an innovative TV-based video solution to expand their own VoD libraries by getting premium content from other services and cloud storage archives and an Online Video Platform, which will enable them to deliver content over any device, be it cable-connected TV set or Internet-connected Computer.
Since the acquisition was done in a private deal, the financial aspects of the deal have not been disclosed.
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Tags: acquisitions, streaming media, streaming video, technology news, vod
Created at September 24th, 2010 in Mergers & Acquistions, Uncategorized |
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This Tuesday (on August 30, 2011), Limelight Networks, the leading Content Delivery Network services provider, announced: that it will be selling its EyeWonder unit to DG Fast Channel Inc for 66 million USD cash. Limelight Networks had completed its acquisition of EyeWonder in 2010 and started leveraging the advertisement platform of the same with its various solutions.
This report contains an analysis on the top CDN's in the industry.