Connecting to LinkedIn...

W1siziisijiwmtuvmdqvmtuvmdgvntqvmzgvnzi1l01ptlrbu0hfqkxpr19vtljftkrfukvex0lnqudfx3jlc2l6zwrfyw5kx3jlbmrlcmvklmpwzyjdlfsiccisinrodw1iiiwimtkymhgxmjuwiyjdxq

Blog

Verizon Confirms EdgeCast Acquisition, Adding Over 6K Customers To Its Content Delivery Business

10/12/2013 by

W1siziisijiwmtqvmtavmjgvmtuvntivntmvmtyzl2zpbguixsxbinailcj0ahvtyiisijywmhg0mdbcdtawm2uixv0

Verizon is indeed going to acquire EdgeCast Networks, a content delivery network founded in 2008 that has grown to be one of the fastest-growing Internet companies in the world. TechCrunch’s Ryan Lawler reported the deal was in the works on Sunday, and a new press release from Verizon confirms it, with a projected finalization date sometime in early 2014.


In its official release, Verizon makes no mention of the price attached to the deal, but TechCrunch has heard from a source with knowledge of the deal that it will be worth in excess of $350 million — a good return for EdgeCast investors, which has around $74 million raised in funding.

This article has been extracted from http://techcrunch.com to read the article in full please follow this link http://techcrunch.com/2013/12/09/verizon-confirms-edgecast/

comments powered by Disqus

Social Stream

Latest News

W1siziisijiwmtyvmtivmdyvmdkvmjcvmtavnze4l2nsb3vkihrly2hub2xvz3kgc2vydmljzxmuanbnil0swyjwiiwidgh1bwiilcizodb4mtawiyjdxq

AI continues to infiltrate cloud computing se...

2016-12-06 09:00:00 +0000

With Google and Microsoft both already working on artificial intelligence (AI) software for their cloud services, it has been revealed that Amazon is now to join the battle. The internet giant is to prioritise developing AI for Amazon Web Services (AWS), the division that sells data storage and computing to IT professionals around the world. AWS is currently the fastest-growing division for Amazon, with the past year having seen sales soar by 60 per cen...

W1siziisijiwmtyvmtivmduvmtqvmdavmjivmzm1l0jpzybeyxrhlmpwzyjdlfsiccisinrodw1iiiwimzgwedewmcmixv0

Big data analytics – governed data discovery ...

2016-12-05 13:00:00 +0000

Big data analytics has matured as a business process during 2016 with most enterprises now recognising the critical importance of actively mining big data for insights. These insights will inform decision-making and ensure they remain competitive in an increasingly complex landscape that is constantly in flux. One prediction that will certainly come to fruition in the coming years is “more data”. The world’s storage systems are set to hold more than 17....