Limelight Networks(R) Acquires Web and Application Acceleration Technology Innovator AcceloWeb
09 Maggio 2011 - 3:00PM
Limelight Networks, Inc. (Nasdaq:LLNW) ("Limelight") today
announced the acquisition of AcceloWeb, a Tel Aviv-based provider
of advanced technology that helps speed the presentation of web
sites and applications.
"The web application acceleration market is large and growing
rapidly as enterprise and consumer applications migrate into the
cloud – one of the three macro trends core to Limelight's strategy.
The talented AcceloWeb team has built the most innovative solution
in the sector and we are excited to join forces with them to define
best-in-class for this market by rapidly deploying their software
worldwide on our high performance compute, storage and delivery
platform," said Jeff Lunsford, chairman and chief executive
officer, Limelight Networks, Inc.
AcceloWeb's technology, combined with Limelight's web and
application acceleration services, will help customers dramatically
improve "Time to Action" on their websites. Time to Action is the
amount of time an end user will wait in order to perform tasks on a
website or within a web application. By speeding the performance of
Limelight's Portal and Commerce Accelerator services, AcceloWeb's
patent-pending technology will increase conversion rates, decrease
abandonment, and improve the return on a customer's marketing
investment.
AcceloWeb's technology addresses the bottleneck of presenting a
site or application within a browser. The technology requires zero
configuration and no pre-optimization, and does not require any
changes to existing web development workflow, reconfiguration of
site or application resources, installation of a hardware appliance
or any server side, browser or desktop plug-ins. Click here to
see a short video (powered by Limelight Video Platform) that
demonstrates AcceloWeb's technology working to improve user
experience on Limelight's home page.
"We're pleased to join Limelight and continue our work building
Internet scale software that improves end-user experiences on the
Internet. We are excited about the opportunity that Limelight's
global resources and technology platform offers the AcceloWeb
team," said Ofer Gadish, CEO, AcceloWeb.
This transaction was completed with a combination of Limelight
Networks common stock and cash. YL Ventures, headed by Yoav Andrew
Leitersdorf, participated in the transaction as an investor,
strategic advisor, and board member. Terms were not disclosed.
Safe-Harbor Statement
This press release contains forward-looking statements
concerning the company's operations and use of acquired technology
and intellectual property. Forward-looking statements are not
guarantees and are subject to a number of risks and uncertainties
that could cause actual results to differ materially including,
risks associated with the integration of acquired business
operations and other risks described in the company's quarter
report on Form 10Q and other periodic reports filed with the
Securities and Exchange Commission. The Company assumes no duty or
obligation to update or revise any forward-looking statements for
any reason
About Limelight Networks, Inc.
Limelight Networks, Inc. (Nasdaq:LLNW) provides solutions that
enable business and technology decision makers to profit from the
shift of content and advertising to the online world, the explosive
growth of mobile and connected devices, and the migration of IT
applications and services into the cloud. Approximately 1800
customers worldwide use Limelight's massively scalable software
services to engage audiences, enhance brand presence, analyze
viewer preferences, optimize advertising, manage and monetize
digital assets, and ultimately build stronger customer
relationships. For more information, please visit
http://www.limelightnetworks.com or follow us on Twitter at
www.twitter.com/llnw.
Copyright (C) 2011 Limelight Networks, Inc. All rights reserved.
All product or service names are the property of their respective
owners.
CONTACT: Paul Alfieri
Limelight Networks, Inc.
+1-646-875-8835
palfieri@llnw.com
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