Limelight Completes Acquisition Of Yahoo Edgecast, Merged Company Changes Brand To Edgio

Edgio announces successful completion of Edgecast's acquisition of Limelight (photo: Redhill)

JAKARTA - Edgio, Inc. (Nasdaq: EGIO), a global provider of software solutions, powering secure integrated transmission, application and streaming experiences across edge technologies, today announced the successful completion of Edgecast's acquisition of Limelight.

The merged company will operate under the Edgio brand, with a significant increase in scale and scope, as well as increasingly diversified revenue sources in terms of products, customers, geographies and channels, as well as a potential total reachable market of up to US$40 billion (Rp593 trillion).

Edgio's solutions combine the power of the world's best-performing edge platforms with the most comprehensive suite of capabilities for web applications, APIs, and video content continuing its strategy to drive growth and profitability.

Edgio currently transmits about 20% of the world's internet traffic, from website access to high-demand content to 20,000 leading digital companies, such as Amazon, Sony, Kate Spade, Microsoft, Sun TV, Verizon, Disney, TikTok and Twitter.

"In a world where digital workloads and consumers are increasingly distributed, enterprises' ability to deliver exceptional digital experiences requires them to be more productive building faster and more secure solutions for their customers at the edge. Today marks an important step in Edgio's capabilities. to meet this need," said Bob Lyons, CEO of Edgio in a press release.

Furthermore, Lyson said that Edgio now offers the most comprehensive edge-native web application and API solutions as well as best-in-class streaming and transmission capabilities all running on a global edge network.

"This unique capability creates a powerful platform for the company's growth and profitability."