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Edgecast Networks, Inc. (formerly Verizon Digital Media Services) [2] 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.
Following a 2022 acquisition of Edgecast, the company re-branded as Edgio, and now includes edge computing and cybersecurity services, such as DDoS mitigation. As of January 2023, the company's network has more than 300 points-of-presence and delivers with 250+ terabits [ 4 ] per second of egress capacity across the globe.
The company is headquartered in Manhattan, New York. [15] As of December 2019, the company employed about 10,350 people. [2] [16]A year after the completion of the AOL acquisition, Verizon announced a $4.8 billion deal for Yahoo!'s core Internet business, to invest in the Internet company's search, news, finance, sports, video, emails and Tumblr products. [17]
With a total addressable market of approximately $40 billion, the divesture of Verizon (VZ)-managed Yahoo business is likely to deliver significantly increased scale and a diversified revenue mix.
Continuing a move toward enhancing its video, web, and content delivery solutions, Verizon today confirmed recent rumors that it intends to acquire content delivery network (CDN) provider EdgeCast ...
Yahoo!, once one of the most popular web sites in the United States, is as of September 2021 a content sub-division of the namesake company Yahoo Inc., owned by Apollo Global Management (90%) and Verizon Communications (10%). It has offered a wide range of online sites and services since its inception in 1994, a majority of which are now defunct.
BrightRoll's video platform became Yahoo's primary video advertising marketplace and demand-side platform. The BrightRoll brand was discontinued by Verizon Media , [ 1 ] the parent company of Yahoo, in favor of Verizon Media Video SSP [ 2 ] (re-brand of AOL's One Video Platform) after the company merged. [ 3 ]
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