Verizon Buys EdgeCast To Boost Video Content

Just three weeks after it announced that it had acquired the television cloud company UpLynk, Verizon Communications announced its intention to buy EdgeCast, a leading content delivery network.

Los Angeles-based EdgeCast, founded in 2006 by Alex Kazerani, Phil Goldsmith and James Segil, provides high-capacity servers that form the pipelines between content creators and end-users, including entertainment and media as well as commercial data for companies like Mercedes-Benz, LinkedIn, Sony Entertainment, Twitter, Yahoo! and others.

New York City-based Verizon said it wants EdgeCast to increase its ability to meet surging demand for online digital media content and broaden its portfolio of site acceleration services for digital enterprises at a time when entertainment viewing is shifting from TV sets to less conventional platforms.

Customers Want Quality

EUThe combination of EdgeCast and Verizon Digital Media Services will allow us to fully exploit and accelerate growth in Internet media consumption and online business performance,EU said Bob Toohey, president of Verizon Digital Media Services in a statement.

EUEdgeCastEUs industry-leading technology and strategically placed assets, combined with Verizon Digital Media ServicesEU video solutions, improves our ability to deliver the rich, reliable and quality digital media services that our customers have come to expect.EU

The deal has been approved by the boards of directors of both companies and is expected to be finalized early next year. The cost of the deal was not announced by the companies but a published report in TechCrunch, citing anonymous sources, said the price was more than $350 million. The UpLynk deal was cited at more than $75 million.

"Having journeyed from startup to technology leader in a short seven years, the time is right for EdgeCast to elevate itself again by joining Verizon to continue our innovation and growth,EU said Alex Kazerani, EdgeCast chairman and chief executive officer in the Verizon statement.

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Verizon says its digital...

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Verizon Buys EdgeCast To Boost Video Content

Just three weeks after it announced that it had acquired the television cloud company UpLynk, Verizon Communications announced its intention to buy EdgeCast, a leading content delivery network.

Los Angeles-based EdgeCast, founded in 2006 by Alex Kazerani, Phil Goldsmith and James Segil, provides high-capacity servers that form the pipelines between content creators and end-users, including entertainment and media as well as commercial data for companies like Mercedes-Benz, LinkedIn, Sony Entertainment, Twitter, Yahoo! and others.

New York City-based Verizon said it wants EdgeCast to increase its ability to meet surging demand for online digital media content and broaden its portfolio of site acceleration services for digital enterprises at a time when entertainment viewing is shifting from TV sets to less conventional platforms.

Customers Want Quality

EUThe combination of EdgeCast and Verizon Digital Media Services will allow us to fully exploit and accelerate growth in Internet media consumption and online business performance,EU said Bob Toohey, president of Verizon Digital Media Services in a statement.

EUEdgeCastEUs industry-leading technology and strategically placed assets, combined with Verizon Digital Media ServicesEU video solutions, improves our ability to deliver the rich, reliable and quality digital media services that our customers have come to expect.EU

The deal has been approved by the boards of directors of both companies and is expected to be finalized early next year. The cost of the deal was not announced by the companies but a published report in TechCrunch, citing anonymous sources, said the price was more than $350 million. The UpLynk deal was cited at more than $75 million.

"Having journeyed from startup to technology leader in a short seven years, the time is right for EdgeCast to elevate itself again by joining Verizon to continue our innovation and growth,EU said Alex Kazerani, EdgeCast chairman and chief executive officer in the Verizon statement.

Step By Step

Verizon says its digital...

Comments are closed.