Edgecast

Last updated

Edgecast Networks, Inc.
FormerlyVerizon Digital Media Services (2016–2021)
Type Subsidiary
IndustryInternet
FoundedAugust 2006;17 years ago (2006-08)
DefunctJune 16, 2022;18 months ago (2022-06-16)
FateAcquired by Limelight Networks
Successor Edgio
Headquarters
Los Angeles, California
Key people
Alex Kazerani
(CEO & Founder)
James Segil
(President & Founder)
Phil Goldsmith
(CRO & Founder)
Jay Sakata
(CTO & Founder)
Lior Elazary
(Chief Research Officer & Founder)
Number of employees
200+ (2012) [1]
Parent Yahoo! Inc. (2021–2022)
ASN 15133 OOjs UI icon edit-ltr-progressive.svg
Website Archived official website at the Wayback Machine (archived 2022-01-15)

Edgecast Networks, Inc. (formerly Verizon Digital Media Services) [2] was a subsidiary of Yahoo! Inc. and provider of content delivery network (CDN) and video streaming services. Founded in 2006, it was notable for being a self-provisioning CDN technology used by the telecommunication and hosting industries. [3] [4] [5]

Contents

On June 16, 2022, Edgecast was acquired by Limelight Networks and was rebranded as Edgio . [6]

History

Edgecast Networks, Inc. was founded in 2006 and received funding from the venture arm of The Walt Disney Company, Steamboat Ventures. It was headquartered in Los Angeles, California. [7] [8]

On December 9, 2013, the boards of directors of Verizon Communications and Edgecast each approved Verizon's acquisition of Edgecast and the deal was closed on December 23, 2013. [9] [10]

Between 2013 and 2016, Edgecast Networks was a subsidiary of Verizon as part of the Verizon Digital Media Services group, among upLynk LLC and others. [11]

In 2017, Verizon Digital Media Services, Inc. (VDMS) became part of Oath Inc., which was rebranded Verizon Media on January 8, 2019. In September 2021, VDMS was rebranded as Edgecast following the Apollo Global Management purchase of 90% stake of Verizon Media, which in turn became the current incarnation of Yahoo! Inc.

On March 7, 2022, Limelight Networks announced its intention to acquire Edgecast for approximately $300 million. Once the deal is approved, the companies will jointly rebrand as Edgio. [12] The acquisition was completed on June 16, 2022 and the company was rebranded as Edgio.

The company was rated the third in the CDN industry by the Yankee Group in August 2009, [13] and turned EBITA positive in Q2 of 2009. [14] Edgecast was ranked 13th on the Deloitte Fast 500 list for North America 2012. [15]

Uplynk

Uplynk, stylized as upLynk, was a Los Angeles–based startup company founded in 2010 that created video-streaming services, notably used by Disney–ABC Television Group. [16] As of January 2013, it had 10 employees and was self-funded; at that time, Disney Interactive Media Group's technology SVP Skarpi Hedinsson remarked, "The upLynk platform offers significant operational efficiency and simplifies the process of reaching audiences on any device or platform while maintaining a high quality viewing experience." [16] It was acquired by Verizon Digital Media Services on November 13, 2013, [17] [18] reportedly for greater than $75 million. [19]

Related Research Articles

Yahoo! is an American web services provider. It is headquartered in Sunnyvale, California, and operated by the namesake company Yahoo! Inc., which is 90% owned by investment funds managed by Apollo Global Management and 10% by Verizon Communications.

<span class="mw-page-title-main">Akamai Technologies</span> American computer networking company

Akamai Technologies, Inc. is an American company that provides content delivery network (CDN), cybersecurity, DDoS mitigation, and cloud services. Akamai is headquartered in Cambridge, Massachusetts. The company operates a network of servers worldwide, renting the capacity of the servers to customers running websites or other web services, in order to provide greater speed or availability to the end user by using an Akamai owned server that is located closer to the user.

<span class="mw-page-title-main">Content delivery network</span> Layer in the internet ecosystem addressing bottlenecks

A content delivery network, or content distribution network (CDN), is a geographically distributed network of proxy servers and their data centers. The goal is to provide high availability and performance by distributing the service spatially relative to end users. CDNs came into existence in the late 1990s as a means for alleviating the performance bottlenecks of the Internet as the Internet was starting to become a mission-critical medium for people and enterprises. Since then, CDNs have grown to serve a large portion of the Internet content today, including web objects, downloadable objects, applications, live streaming media, on-demand streaming media, and social media sites.

Starz is an American premium cable and satellite television network owned by Lionsgate, and is the flagship property of parent subsidiary Starz Inc. Programming on Starz consists of theatrically released motion pictures and first-run original television series. Launched in 1994 as a multiplex service of Starz Encore, Starz operates six 24-hour, linear multiplex channels; a traditional subscription video on demand service; and a namesake over-the-top streaming platform that both acts as a TV Everywhere offering for Starz's linear television subscribers and is sold directly to streaming-only consumers.

<span class="mw-page-title-main">Nine.com.au</span> Australian news and current events website

Nine.com.au is an Australian news website, owned by ASX-listed company, Nine Entertainment Co. It was originally established as a 50:50 joint venture between Microsoft and PBL Media in 1997 as "Ninemsn." Microsoft sold its stake in the venture to Nine Entertainment in 2013 and the company was rebranded as Nine Digital in 2016. The website was rebranded to its current name Nine.com.au on 28 June 2016.

<span class="mw-page-title-main">Windstream Holdings</span> Provider of voice and data network communications

Windstream Holdings, Inc., also doing business as Windstream Communications or Windstream, is a provider of voice and data network communications, and managed services, to businesses in the United States. The company also offers residential broadband, phone and digital streaming TV services to consumers within its coverage area. It is the ninth largest residential telephone provider in the country with service covering more than 8.1 million people in 21 states.

<span class="mw-page-title-main">Edgio</span> American information technology company

Edgio, Inc., evolved from Limelight Networks, a 20-year provider content delivery services to stream digital content over the internet. Following a 2022 acquisition of Edgecast, the company re-branded as Edgio and has grown to offer a full suite of edge-enabled applications that run on the company's globally scaled network. These applications include video workflow and automation, website acceleration, and cyber security. As of January 2023, the company's network has more than 300 points-of-presence and delivers with 250+ terabits per second of egress capacity across the globe.

<span class="mw-page-title-main">Yahoo! Sports</span> Sports news website

Yahoo! Sports is a sports news website launched by Yahoo! on December 8, 1997. It receives a majority of its information from STATS, Inc. It employs numerous writers, and has team pages for teams in almost every North American major sport. Before the launch of Yahoo Sports, certain elements of the site were known as Yahoo! Scoreboard.

<span class="mw-page-title-main">Highwinds Network Group</span> Content delivery company

Highwinds Network Group, Inc. (Highwinds) was a company founded in 2002 that offered IP services including content delivery network (CDN), cloud storage, IP transit, transport and colocation. The company headquarters were located in Winter Park, Florida, United States. Highwinds maintained Network Operations Centers (NOCs) in Winter Park, FL, Phoenix, AZ, and Amsterdam, Netherlands as well as offices in Costa Mesa, CA, São Paulo, Brazil and London, England. The Highwinds network, called RollingThunder, consisted of more than 70 points of presence throughout North America, South America, Europe, Asia and Australia. Highwinds provided video streaming services to media companies including Blip.TV and Hudl, delivered online games for publishers such as Valve and CCP Games and distributed advertising assets for leading platforms including Facebook's LiveRail.

Amazon CloudFront is a content delivery network (CDN) operated by Amazon Web Services. The content delivery network was created to provide a globally-distributed network of proxy servers to cache content, such as web videos or other bulky media, more locally to consumers, to improve access speed for downloading the content.

Lumen Technologies, Inc. is an American telecommunications company headquartered in Monroe, Louisiana, that offers communications, network services, security, cloud solutions, voice, and managed services. The company was a member of the Fortune 500 and the S&P 500 index from 1999 until 2023. Its communications services include local and long-distance voice, broadband, Multi-Protocol Label Switching (MPLS), private line, Ethernet, hosting, data integration, video, network, public access, Voice over Internet Protocol (VoIP), information technology, and other ancillary services. Lumen also serves global enterprise customers across North America, Latin America, EMEA, and Asia Pacific.

<span class="mw-page-title-main">Cotendo</span> Content delivery network

Cotendo, Inc. is a content delivery network and an application delivery network service provider. The company's headquarters is in Sunnyvale, California, with research and development based in Netanya, Israel. In March 2012, Akamai acquired Cotendo for over US$250 million.

Adaptive bitrate streaming is a technique used in streaming multimedia over computer networks. While in the past most video or audio streaming technologies utilized streaming protocols such as RTP with RTSP, today's adaptive streaming technologies are based almost exclusively on HTTP, and are designed to work efficiently over large distributed HTTP networks. Adaptive bitrate streaming works by detecting a user's bandwidth and CPU capacity in real time, adjusting the quality of the media stream accordingly. It requires the use of an encoder which encodes a single source media at multiple bit rates. The player client switches between streaming the different encodings depending on available resources. "The result: very little buffering, fast start time and a good experience for both high-end and low-end connections."

Conviva is a venture-backed, privately held company, offering services for online video optimization and online video analytics. Conviva is headquartered in Silicon Valley with offices in New York and London.

<span class="mw-page-title-main">Cineverse</span> American entertainment company

Cineverse Corp. is an American entertainment company headquartered in Los Angeles, California. Cineverse’s businesses encompass digital cinema, streaming channels, content marketing, and distribution.

<span class="mw-page-title-main">Yahoo! Inc. (2017–present)</span> American technology company

Yahoo! Inc. is an American multinational technology company that focuses on media and online business. It is the second and current incarnation of the company, after Verizon Communications acquired the core assets of its predecessor and merged them with AOL in 2017. The resulting subsidiary entity was briefly called Oath Inc. In December 2018, Verizon announced it would write down the combined value of its purchases of AOL and Yahoo! by $4.6 billion, roughly half; the company would be renamed Verizon Media the following month in January 2019.

<span class="mw-page-title-main">Dacast</span> Streaming video platform

Dacast Inc. is a French live streaming online video platform that allows businesses to broadcast and host live and on-demand video content as well as offer free or paid programming.

StackPath is an American edge computing platform provider headquartered in Dallas, Texas. Its founding team was led by Lance Crosby, who also co-founded SoftLayer Technologies, acquired by IBM in 2013.

Liberated Syndication, Inc. (Libsyn) is an American podcasting company founded in 2004 in Pittsburgh, Pennsylvania.

References

  1. "EdgeCast - CDN Planet". CDN Planet. Retrieved December 20, 2012.
  2. "EdgeCast compared to Level3". www.cdnoverview.com. Warpcache BV. Archived from the original on June 8, 2018. Retrieved June 8, 2018.
  3. Chappell, C.: May 30, 2009 “CDNs The Business Case” Archived September 23, 2015, at the Wayback Machine
  4. Rayburn, D.: Aug 11, 2009 “The Future of the CDN Market” www.streamingmedia.com Archived February 8, 2010, at the Wayback Machine
  5. Gubbins , E.: Aug 13, 2009 “Carriers, standalone CDNs squeeze one another" telephonyonline.com
  6. "Limelight Completes Acquisition of Yahoo's Edgecast; Combined Company Rebrands as Edgio Creating a Global Leader in Edge-Enabled Solutions". Business Wire. Retrieved December 11, 2022.
  7. White, Bobby (December 10, 2007). "Disney's Steamboat Invests In Content-Delivery Firm". The Wall Street Journal . Retrieved February 26, 2021.
  8. Munarriz, R. A.: “The Mouse Nibbles Away at Akamai,” The Motley Fool, Dec 11, 2007]
  9. "Verizon Plans to Acquire EdgeCast Networks". newscenter.verizon.com. December 9, 2013. Archived from the original on August 12, 2014. Retrieved June 7, 2018.
  10. "Key Acquisitions Position Verizon Digital Media Services as One-Stop Shop". www.verizon.com. January 6, 2014. Retrieved June 7, 2018.
  11. "Verizon Is Acquiring Content Delivery Network EdgeCast For More Than $350 Million – TechCrunch". techcrunch.com. December 7, 2013. Retrieved June 7, 2018.
  12. Rayburn, Dan (March 7, 2022). "Limelight To Acquire Edgecast From Apollo Funds For $300M, Rebrand As Edgio". Seeking Alpha . Retrieved March 11, 2022.
  13. Adkoli, J.: Aug 21, 2009 “EdgeCast Bags Third Position in Yankee Group's 2009 CDN Scorecard” www.tmcnet.com
  14. Rayburn, D. (Oct 14, 2009) “Content Delivery Network EdgeCast Now Profitable, EBITA Positive Since Q2" www.blog.streamingmedia.com
  15. EdgeCast Networks Makes it to Deloitte’s 2012 Technology Fast 500 List for North America Archived June 12, 2018, at the Wayback Machine CDN-Advisor.com, November 17, 2012
  16. 1 2 Takahashi, Dean (January 16, 2013). "Uplynk creates a cheap and efficient way for Disney to stream videos". VentureBeat . Retrieved February 26, 2021.
  17. "Verizon Digital Media Buys upLynk". Zacks Equity Research. November 13, 2013. Retrieved February 26, 2021 via Yahoo! Finance.
  18. "Verizon Digital Media Services Acquires upLynk Assets and Operations for Expanded Video Streaming Capabilities". New York: Verizon Communications. November 13, 2013. Retrieved February 26, 2021.
  19. Kafka, Peter (November 14, 2013). "Verizon Stocks Up on "TV Everywhere" Tech by Buying upLynk". AllThingsD . Retrieved February 26, 2021.