Verizon Digital Media Services

Verizon Digital Media Services, Inc.
Formerly
 EdgeCast Networks, Inc
Subsidiary
Industry Internet
Founded August 2006 (2006-08)
Headquarters Los Angeles, California
Key people
 Alex Kazerani
(CEO & Founder)
James Segil
(President & Founder)
Phil Goldsmith
(CRO & Founder)
Jay Sakata
(CTO & Founder)
Lior Elazary
(Chief Research Officer & Founder)
Number of employees
 200+ (2012)[1]
Parent Oath Inc. (Verizon Communications)
Website www.verizondigitalmedia.com

Verizon Digital Media Services (VDMS[2]) is an American company known for their content delivery network (CDN).

The company was founded in 2006 as EdgeCast Networks, Inc and was funded by the venture arm of The Walt Disney Company, Steamboat Ventures.[3][4] The company was headquartered in Santa Monica, California.

Edgecast is notable for being a self-provisioning CDN technology used by the telecommunication and hosting industries.[5][6][7] Edgecast was rated the third in the CDN industry by the Yankee Group in August 2009,[8] and turned EBITA positive in Q2 of 2009.[9] EdgeCast Networks was ranked 13th on the Deloitte Fast 500 list for North America 2012.[10]

Verizon

Logo from August 2006 to March 18, 2016

On December 9, 2013 the boards of directors of Verizon and EdgeCast each approved Verizon's acquisition of EdgeCast and the deal was closed on December 23, 2013.[11][12]

Between 2013 and 2016, EdgeCast Networks was a subsidiary of Verizon Communications as part of the Verizon Digital Media Services group, among upLynk LLC and others.[13]

In 2016, EdgeCast Networks, Inc became Verizon Digital Media Services, Inc.[14][15]

In 2017, Verizon Digital Media Services, Inc. became part of Oath Inc.

See also

References

  1. ↑ "EdgeCast - CDN Planet". CDN Planet. Retrieved 20 December 2012.
  2. ↑ "EdgeCast compared to Level3". www.cdnoverview.com. Warpcache BV. Retrieved 2018-06-08.
  3. ↑ White, B.: “Disney's Steamboat Invests In Content-Delivery Firm,” The Wall Street Journal, Dec 10, 2007]
  4. ↑ Munarriz, R. A.: “The Mouse Nibbles Away at Akamai,” The Motley Fool, Dec 11, 2007]
  5. ↑ Chappell, C.: May 30, 2009 “CDNs The Business Case” Archived September 23, 2015, at the Wayback Machine.
  6. ↑ Rayburn, D.: Aug 11, 2009 “The Future of the CDN Market” www.streamingmedia.com
  7. ↑ Gubbins , E.: Aug 13, 2009 “Carriers, standalone CDNs squeeze one another" telephonyonline.com
  8. ↑ Adkoli, J.: Aug 21, 2009 “EdgeCast Bags Third Position in Yankee Group's 2009 CDN Scorecard” www.tmcnet.com
  9. ↑ Rayburn, D. (Oct 14, 2009) “Content Delivery Network EdgeCast Now Profitable, EBITA Positive Since Q2" www.blog.streamingmedia.com
  10. ↑ EdgeCast Networks Makes it to Deloitte’s 2012 Technology Fast 500 List for North America CDN-Advisor.com, November 17, 2012
  11. ↑ "Verizon Plans to Acquire EdgeCast Networks". newscenter.verizon.com. December 9, 2013. Retrieved 2018-06-07.
  12. ↑ "Key Acquisitions Position Verizon Digital Media Services as One-Stop Shop". www.verizon.com. January 6, 2014. Retrieved 2018-06-07.
  13. ↑ "Verizon Is Acquiring Content Delivery Network EdgeCast For More Than $350 Million – TechCrunch". techcrunch.com. Retrieved 2018-06-07.
  14. ↑ "VERIZON DIGITAL MEDIA SERVICES UK LIMITED -Company information". beta.companieshouse.gov.uk. Retrieved 2018-06-07. Previous name: EDGECAST NETWORKS UK LTD (May 2013 - March 2016)
  15. ↑ "Verizon DMS Review | Stratusly". Stratusly. December 5, 2015. Retrieved 2018-06-07. Verizon Digital Media Services, formerly EdgeCast Networks, established in early 2014 with the acquisition of EdgeCast Networks and upLynk
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