History
Edgecast Networks, Inc. was founded in 2006 and received funding from the venture arm of The Walt Disney Company, Steamboat Ventures. It was headquartered in Los Angeles, California.[7][8]
On December 9, 2013, the boards of directors of Verizon Communications and Edgecast each approved Verizon's acquisition of Edgecast and the deal was closed on December 23, 2013.[9][10]
Between 2013 and 2016, Edgecast Networks was a subsidiary of Verizon as part of the Verizon Digital Media Services group, among upLynk LLC and others.[11]
In 2017, Verizon Digital Media Services, Inc. (VDMS) became part of Oath Inc., which was rebranded Verizon Media on January 8, 2019. In September 2021, VDMS was rebranded as Edgecast following the Apollo Global Management purchase of 90% stake of Verizon Media, which in turn became the current incarnation of Yahoo! Inc.
On March 7, 2022, Limelight Networks announced its intention to acquire Edgecast for approximately $300 million. Once the deal is approved, the companies will jointly rebrand as Edgio.[12] The acquisition was completed on June 16, 2022 and the company was rebranded as Edgio.
In the fall of 2024, Edgio entered bankruptcy proceedings. The winning bid by Akamai took select assets that did not include Edgecast's technology. The technology that Edgecast had developed was sold to Parler Cloud Technologies on February 10, 2025 and the Edgecast brand reborn in early 2025.
The company was rated the third in the CDN industry by the Yankee Group in August 2009,[13] and turned EBITA positive in Q2 of 2009.[14] Edgecast was ranked 13th on the Deloitte Fast 500 list for North America 2012.[15]
