Edgecast Networks, Inc. (formerly Verizon Digital Media Services) was a subsidiary of Yahoo! Inc. and provider of

content delivery network 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 rel ...

(CDN) and

video streaming Video on demand (VOD) is a media distribution system that allows users to access videos without a traditional video playback device and the constraints of a typical static broadcasting schedule. In the 20th century, broadcasting in the form of o ...

services. Founded in 2006, it was notable for being a self-provisioning CDN technology used by the

telecommunication Telecommunication is the transmission of information by various types of technologies over wire, radio, optical, or other electromagnetic systems. It has its origin in the desire of humans for communication over a distance greater than that fe ...

and hosting industries. On June 16, 2022, Edgecast was acquuired by

Limelight Networks Edgio, Inc., formerly Limelight Networks, Inc., is an American company that provides a content delivery network (CDN) service, used for delivery of digital media content and software. As of January 2023, the company's network has more than 300 ...

and was rebranded as Edgio.

History

Edgecast Networks, Inc. was founded in 2006 and received funding from the venture arm of

The Walt Disney Company The Walt Disney Company, commonly known as Disney (), is an American multinational mass media and entertainment industry, entertainment conglomerate (company), conglomerate headquartered at the Walt Disney Studios (Burbank), Walt Disney Stud ...

, Steamboat Ventures. It was headquartered in

Los Angeles Los Angeles ( ; es, Los Ángeles, link=no , ), often referred to by its initials L.A., is the List of municipalities in California, largest city in the U.S. state, state of California and the List of United States cities by population, sec ...

California California is a state in the Western United States, located along the Pacific Coast. With nearly 39.2million residents across a total area of approximately , it is the most populous U.S. state and the 3rd largest by area. It is also the m ...

. On December 9, 2013, the boards of directors of

Verizon Communications Verizon Communications Inc., commonly known as Verizon, is an American multinational telecommunications conglomerate and a corporate component of the Dow Jones Industrial Average. The company is headquartered at 1095 Avenue of the Americas in ...

and Edgecast each approved Verizon's acquisition of Edgecast and the deal was closed on December 23, 2013. 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. 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. 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, and turned

EBITA A company's earnings before interest, taxes, depreciation, and amortization (commonly abbreviated EBITDA, pronounced , , or ) is a measure of a company's profitability of the operating business only, thus before any effects of indebtedness, sta ...

positive in Q2 of 2009. Edgecast was ranked 13th on the

Deloitte Fast 500 The Deloitte Technology Fast 500 Awards are run and moderated by international professional services group Deloitte Touche Tohmatsu Limited. They recognize the 500 fastest-growing technology companies in regions around the world. Winners include ...

list for North America 2012.

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 Disney General Entertainment Content, doing business as Walt Disney Television, is an American entertainment company that oversees television content and assets owned and operated by The Walt Disney Company. Forming the company's General Enterta ...

. , it had 10 employees and was self-funded; at that time,

Disney Interactive Media Group Disney Interactive is an American video game and internet company that oversaw various websites and interactive media owned by The Walt Disney Company. History 1995–1996: Formation and beginnings In December 1994, Disney announced that it wa ...

'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." It was acquired by Verizon Digital Media Services on November 13, 2013, reportedly for greater than $75 million.

References

External links

* {{Yahoo Inc. 2022 mergers and acquisitions Companies based in Los Angeles American companies established in 2006 American companies disestablished in 2022 Content delivery networks Yahoo!