Verizon Acquired EdgeCast Networks Verizon has announced an agreement to acquire the Los Angeles-based Content Delivery Network company, EdgeCast Networks for over $350 million.
EdgeCast, which has been profitable over the last 4 years is largely considered an upstart and was initially funded by the venture arm of Disney. The company, with a current run rate of $100 million has raised $74 million in funding since 2006.
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