Newsletters
News & Information for Technology Purchasers NewsFactor Sites:       NewsFactor.com     Enterprise Security Today     CRM Daily     Business Report     Sci-Tech Today  
   
This ad will display for the next 20 seconds. Click for more information, or
Home Enterprise I.T. Cloud Computing Applications Hardware More Topics...
Personal Tech
Tame your scariest paperwork. Find Out How
Average Rating:
Rate this article:  
Verizon Buys EdgeCast To Boost Video Content
Verizon Buys EdgeCast To Boost Video Content

By Adam Dickter
December 9, 2013 2:55PM

    Bookmark and Share
Buying EdgeCast will allow Verizon to move ahead more quickly and satisfy more customers with more innovative services. On its own, acquiring EdgeCast might not sound like a big deal, but this is one of many steps that Verizon is taking in the direction of new services, said industry analyst Jeff Kagan.
 



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

“The 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,” said Bob Toohey, president of Verizon Digital Media Services in a statement.

“EdgeCast’s industry-leading technology and strategically placed assets, combined with Verizon Digital Media Services’ video solutions, improves our ability to deliver the rich, reliable and quality digital media services that our customers have come to expect.”

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,” said Alex Kazerani, EdgeCast chairman and chief executive officer in the Verizon statement.

Step By Step

Verizon says its digital Media Services offer enterprises a suite of robust and flexible end-to-end video solutions for best-in-class TV Everywhere and superior over-the-top experiences.

"This step will allow Verizon to move ahead more quickly and satisfy more customers with more innovative services," said Jeff Kagan, an industry analyst. "On its own, this step might not sound like a big deal, but this is one of many steps that Verizon is taking In this direction."

The previous deal with UpLynk, which streams on-demand video to numerous devices using a single adaptive format to reduce costs and complexity for broadcasters and content owners, is intended to "complement Verizon Digital Media Services’ broad-based end-to-end solutions," the company said.

“As the experience of watching broadcast television changes and the media marketplace shifts, the addition of UpLynk’s unique capabilities allows Verizon Digital Media Services to better meet our customers where and how they want to deliver video,” said Toohey.
 

Tell Us What You Think
Comment:

Name:





 Personal Tech
1.   Verizon Throttling Data Speeds
2.   'Right To Be Forgotten': 26 Questions
3.   Civil War Battle Sites Get Mobile App
4.   Is the Amazon Fire Phone a Winner?
5.   Internet of Things Comes to DIYers


advertisement
Facebook Social Experiment Irks Us
Secretive test was legal, but ethical?
Average Rating:
Protect Yourself from Identity Theft
Even if your data was compromised.
Average Rating:
Review: Amazon's Unlimited E-Books
Service has some distinct limitations.
Average Rating:
Product Information and Resources for Technology You Can Use To Boost Your Business

Network Security Spotlight
Researchers Working To Fix Tor Security Exploit
Developers for the Tor privacy browser are scrambling to fix a bug revealed Monday that researchers say could allow hackers, or government surveillance agencies, to track users online.
 
Wall Street Journal Hacked Again
Hacked again. That’s the story at the Wall Street Journal this week as the newspaper reports that the computer systems housing some of its news graphics were breached. Customers not affected -- yet.
 
Dropbox for Business Beefs Up Security
Dropbox is upping its game for business users. The cloud-based storage and sharing company has rolled out new security, search and other features to boost its appeal for businesses.
 

Enterprise Hardware Spotlight
Watson Gets His First Customer Service Gig
Since appearing on Jeopardy, IBM's Watson supercomputer has been making a living using his super-intelligent knowledge base for business verticals. Now, Watson's been hired for his first customer service job.
 
Tablet Giants Apple and Samsung Feel the Heat
When a company saturates its home market with a once-hot product, expect it to pump up efforts elsewhere. Apple, for its part, is now pushing iPads to big corporations and the enterprise market.
 
Microsoft Makes Design Central to Its Future
Over the last four years, Microsoft has doubled the number of designers it employs, putting a priority on fashioning devices that work around people's lives -- and that are attractive and cool.
 

Mobile Technology Spotlight
T-Mobile Calls 'BS' on AT&T's New Promotion
While Verizon Wireless is moving to throttle bandwidth hogs, a scrappy T-Mobile is taking on the giants with a limited-time promotion it hopes will drive up the churn rates of its wireless rivals.
 
Microsoft Update to Windows Phone 8.1 Already Coming
An update to Windows Phone 8.1 is on the way just weeks after the release of the product itself. Microsoft has begun detailing some of the update features to phone manufacturers.
 
Stanford Researchers Report Battery Breakthrough
Stanford researchers have found a way to use lithium in a battery's anode, a breakthrough that could triple capacity and has been described as the "holy grail of battery science."
 

Navigation
NewsFactor Network
Home/Top News | Enterprise I.T. | Cloud Computing | Applications | Hardware | Mobile Tech | Big Data | Communications
World Wide Web | Network Security | Data Storage | CRM Systems | Microsoft/Windows | Apple/Mac | Linux/Open Source | Personal Tech
Press Releases
NewsFactor Network Enterprise I.T. Sites
NewsFactor Technology News | Enterprise Security Today | CRM Daily

NewsFactor Business and Innovation Sites
Sci-Tech Today | NewsFactor Business Report

NewsFactor Services
FreeNewsFeed | Free Newsletters

About NewsFactor Network | How To Contact Us | Article Reprints | Careers @ NewsFactor | Services for PR Pros | Top Tech Wire | How To Advertise

Privacy Policy | Terms of Service
© Copyright 2000-2014 NewsFactor Network. All rights reserved. Article rating technology by Blogowogo. Member of Accuserve Ad Network.