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Limelight Networks Acquires Layer0 to Accelerate Growth in Edge Application Delivery.

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Vincent

MANews-(C)2009-2021

US-based edge cloud services provider Limelight Networks, Inc. (NASDAQ: LLNW) has entered into a definitive agreement to acquire US-based development, deployment and monitoring tools provider Moov Corp., which does business as Layer0, the company said.

This acquisition is a significant step in advancing Limelight's strategy as an edge enabled SaaS solutions provider and will drive growth in revenue, margins and EBITDA.

Layer0 provides development, deployment and monitoring tools that deliver sub-second web apps and APIs through an all-in-one Jamstack platform.

The acquisition will combine the benefits of Limelight's world class global edge network with Layer0's edge orchestration, application acceleration, and developer workflow capabilities to create a leading-edge solution while diversifying Limelight's client mix and services.

With this acquisition, several leading brands will be added to the existing list of impressive global companies served by Limelight such as Coach, United Airlines, Revolve Fashion, Shoe Carnival, Kate Spade, Sharper Image, and several top 50 US banks.

Together, Limelight and Layer0 will offer clients a unique solution set that delivers unmatched performance.

The acquisition will allow developers the ability to access the edge platform to preview content and deploy their applications...

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