Edgecast#Uplynk
{{Short description|American content delivery network provider}}
{{Use mdy dates|date=January 2012}}
{{Infobox company
| name = Edgecast, Inc.
| logo = Edgecast,_Inc_Logo.svg
| type = Subsidiary
| former_name = Verizon Digital Media Services (2014–2021), Edgio (2022-2024)
| fate = Acquired by Parler Cloud Technologies
| successor = Edgecast
| location_city = Dallas, Texas
| foundation = {{start date and age|2006|8}}
| key_people = Alex Kazerani
(CEO & Founder)
James Segil
(President & Founder)
Phil Goldsmith
(CRO & Founder)
Jay Sakata
(CTO & Founder)
Lior Elazary
(Chief Research Officer & Founder)
| industry = Internet
| parent = Parler Cloud Technologies (2025–on)
| num_employees = 400+ (2021){{cite web|title=EdgeCast - CDN Planet|url=http://www.cdnplanet.com/cdns/edgecast/|publisher=CDN Planet|access-date=20 December 2012}}
| homepage = [https://www.edgecast.io edgecast.io]
| module = {{Infobox network service provider|child=yes}}
}}
Edgecast, Inc. (formerly Edgio, formerly Verizon Digital Media Services, formerly Edgecast Networks, Inc){{Cite web|url=https://www.cdnoverview.com/cdn/compare/edgecast-vs-level3/|title=EdgeCast compared to Level3|website=www.cdnoverview.com|publisher=Warpcache BV|language=en-us|access-date=2018-06-08|archive-date=June 8, 2018|archive-url=https://web.archive.org/web/20180608191642/https://www.cdnoverview.com/cdn/compare/edgecast-vs-level3/|url-status=dead}} 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.Chappell, C.: May 30, 2009 [http://www.edgecast.com/docs/cdn_biz_case_capacity_05-09.pdf “CDNs The Business Case”] {{Webarchive|url=https://web.archive.org/web/20150923233454/http://www.edgecast.com/docs/cdn_biz_case_capacity_05-09.pdf |date=September 23, 2015 }}Rayburn, D.: Aug 11, 2009 [http://www.streamingmedia.com/article.asp?id=11322 “The Future of the CDN Market” www.streamingmedia.com] {{Webarchive|url=https://web.archive.org/web/20100208223739/http://www.streamingmedia.com/article.asp?id=11322 |date=February 8, 2010 }}Gubbins , E.: Aug 13, 2009 [http://telephonyonline.com/business_services/news/0813-telecom-carriers-cdns/ “Carriers, standalone CDNs squeeze one another"] telephonyonline.com
On June 16, 2022, Edgecast was acquired by Limelight Networks and was rebranded as Edgio.{{Cite news|url=https://www.businesswire.com/news/home/20220616005216/en/Limelight-Completes-Acquisition-of-Yahoo%E2%80%99s-Edgecast-Combined-Company-Rebrands-as-Edgio-Creating-a-Global-Leader-in-Edge-Enabled-Solutions/|title=Limelight Completes Acquisition of Yahoo's Edgecast; Combined Company Rebrands as Edgio Creating a Global Leader in Edge-Enabled Solutions|work=Business Wire|access-date=2022-12-11|language=en-US}}
In late 2024, Edgio entered Chapter 11 bankruptcy. On February 10, 2025, Edgecast and it's technology was [https://www.parler.com/press-releases/parler-cloud-technologies-acquires-edgios-edgecast-assets sold] to Parler Cloud Technologies. The majority of the Edgio assets were [https://www.akamai.com/newsroom/press-release/bankruptcy-court-approves-winning-akamai-bid-for-edgio-assets purchased by Akamai].
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.{{cite web |last1=White |first1=Bobby |title=Disney's Steamboat Invests In Content-Delivery Firm |url=https://www.wsj.com/articles/SB119725250387418934 |website=The Wall Street Journal |access-date=February 26, 2021 |date=December 10, 2007}}Munarriz, R. A.: [http://www.fool.com/investing/high-growth/2007/12/11/the-mouse-nibbles-away-at-akamai.aspx “The Mouse Nibbles Away at Akamai,”] The Motley Fool, Dec 11, 2007]
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.{{Cite web|url=http://newscenter.verizon.com/corporate/news-articles/2013/12-09-verizon-plans-to-acquire-edgecast-networks/|title=Verizon Plans to Acquire EdgeCast Networks|date=December 9, 2013|website=newscenter.verizon.com|language=en|access-date=2018-06-07|archive-date=August 12, 2014|archive-url=https://web.archive.org/web/20140812073606/http://newscenter.verizon.com/corporate/news-articles/2013/12-09-verizon-plans-to-acquire-edgecast-networks/|url-status=dead}}{{Cite web|url=https://www.verizon.com/about/news/key-acquisitions-position-verizon-digital-media-services-one-stop-shop/|title=Key Acquisitions Position Verizon Digital Media Services as One-Stop Shop|date=January 6, 2014|website=www.verizon.com|language=en|access-date=2018-06-07}}
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.{{Cite web|url=https://techcrunch.com/2013/12/07/verizon-edgecast/|title=Verizon Is Acquiring Content Delivery Network EdgeCast For More Than $350 Million – TechCrunch|website=techcrunch.com|date=December 7, 2013 |language=en-US|access-date=2018-06-07}}
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.{{cite web |last1=Rayburn |first1=Dan |title=Limelight To Acquire Edgecast From Apollo Funds For $300M, Rebrand As Edgio |url=https://seekingalpha.com/article/4493411-limelight-to-acquire-edgecast-from-apollo-funds-edgio |website=Seeking Alpha |access-date=March 11, 2022 |date=March 7, 2022}} The acquisition was completed on June 16, 2022 and the company was rebranded as Edgio.
In the fall of 2024, Edgio entered bankruptcy proceedings. The winning bid by [https://www.akamai.com/newsroom/press-release/bankruptcy-court-approves-winning-akamai-bid-for-edgio-assets Akamai] took select assets that did not include Edgecast's technology. The technology that Edgecast had developed was [https://www.parler.com/press-releases/parler-cloud-technologies-acquires-edgios-edgecast-assets sold] to Parler Cloud Technologies on February 10, 2025 and the Edgecast brand reborn in early 2025.
The company was rated the third in the CDN industry by the Yankee Group in August 2009,Adkoli, J.: Aug 21, 2009 [http://hosted-voip.tmcnet.com/feature/articles/62685-edgecast-bags-third-position-yankee-groups-2009-cdn.htm “EdgeCast Bags Third Position in Yankee Group's 2009 CDN Scorecard”] www.tmcnet.com and turned EBITA positive in Q2 of 2009.Rayburn, D. (Oct 14, 2009) [http://blog.streamingmedia.com/the_business_of_online_vi/2009/10/content-delivery-network-edgecast-now-profitable-ebita-positive-since-q2.html “Content Delivery Network EdgeCast Now Profitable, EBITA Positive Since Q2" www.blog.streamingmedia.com] Edgecast was ranked 13th on the Deloitte Fast 500 list for North America 2012.[http://www.cdn-advisor.com/edgecast-networks-makes-it-to-deloittes-2012-technology-fast-500-list-for-north-america/ EdgeCast Networks Makes it to Deloitte’s 2012 Technology Fast 500 List for North America] {{Webarchive|url=https://web.archive.org/web/20180612162506/http://www.cdn-advisor.com/edgecast-networks-makes-it-to-deloittes-2012-technology-fast-500-list-for-north-america/ |date=June 12, 2018 }} CDN-Advisor.com, November 17, 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.{{cite web |last1=Takahashi |first1=Dean |title=Uplynk creates a cheap and efficient way for Disney to stream videos |url=https://venturebeat.com/2013/01/16/uplynk-creates-a-cheap-and-efficient-way-for-disney-to-stream-videos/ |website=VentureBeat |access-date=February 26, 2021 |date=January 16, 2013}} {{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." It was acquired by Verizon Digital Media Services on November 13, 2013,{{cite web |title=Verizon Digital Media Buys upLynk |url=https://finance.yahoo.com/news/verizon-digital-media-buys-uplynk-224001613.html |publisher=Zacks Equity Research |access-date=February 26, 2021 |date=November 13, 2013 |via=Yahoo! Finance}}{{cite web |title=Verizon Digital Media Services Acquires upLynk Assets and Operations for Expanded Video Streaming Capabilities |url=https://www.verizon.com/about/news/verizon-digital-media-services-acquires-uplynk-assets-and-operations-expanded-video-streaming-capabilities |publisher=Verizon Communications |access-date=February 26, 2021 |location=New York |date=November 13, 2013}} reportedly for greater than $75 million.{{cite web |last1=Kafka |first1=Peter |title=Verizon Stocks Up on "TV Everywhere" Tech by Buying upLynk |url=http://allthingsd.com/20131114/verizon-stocks-up-on-tv-everywhere-tech-by-buying-uplynk/ |website=AllThingsD |access-date=February 26, 2021 |date=November 14, 2013}}
Logos
The company used the following logo during its early years:
References
{{reflist|colwidth=30em}}
External links
- {{Official website|www.edgecast.com}}
{{Yahoo Inc.}}
Category:2022 mergers and acquisitions
Category:Companies based in Los Angeles
Category:American companies established in 2006
Category:American companies disestablished in 2022