Alcatel-Lucent Buys Content Delivery Network Velocix
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Alcatel-Lucent has purchased digital content network Velocix. Velocix’s services provide a way for media companies and ISPs to accelerate the delivery of rich content, like videos and video games, over the internet. In a recent interview with ctp tv, Velocix CMO John Dillon said that in order to compete with mainstream content delivery networks, such as Akamai (NSDQ: AKAM) and Limelight (NSDQ: LLNW), his company had targeted two markets: Major broadcasters and ISPs looking to set up “new generation, regional delivery platform and services” and startups that wanted to get into the digital video space. Indeed, Velocix launched a free option geared for startups last April.
Alcatel-Lucent said it would now be able to bring a content delivery network solution to internet service providers. “It ... demonstrates our company’s commitment to investing in the capabilities, know-how and technologies needed to effectively support the rapid evolution towards a video-centric world—with maximum reliability and optimal quality of experience,” said Philippe Keryer, president of Alcatel-Lucent’s Carrier product group, in a statement. Light Reading Europe notes that the acquisition comes as many big carriers are building their own content delivery networks. Over at Streamingmedia.com, Dan Rayburn also has more details.
SEE ALSO: Broadband Content Bits: Five Relaunches VOD Service; Velocix Launches Free Content Delivery Platform
Financial terms of the deal were not disclosed, although Velocix, which was previously known as CacheLogic, had raised nearly $50 million in venture funding. Release.
Posted In: Money, M&A & Venture Capital, Mergers & Acquisitions, Technologies / Formats
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