EdgeCast reports doubling revenue, customers in 2011
Content delivery network EdgeCast Networks said it doubled revenue, customer base and employee headcount in 2011, as well as network points of presence in Madrid and Osaka as it continued to expand its footprint.
The company said it turned a profit in 2011 and continued to innovate in the space.
EdgeCast earlier this year announced it had built a production CDN for a Tier One U.S. carrier and was ready to roll out a licensed CDN program. The announcement comes three months after it signed a deal to power Asian carrier Pacnet's CDN service. EdgeCast said the a U.S. carrier, likely AT&T (NYSE: T), has used EdgeCast's technology platform and software to build out its CDN. The company has at least ten more carrier partners such as DT, Global Crossing, TELUS and AAPT, which resell EdgeCast's CDN services.
EdgeCast also launched its Application Delivery Network for dynamic content acceleration.
The CDN attributed it success in 2011 to its dual strategy of direct sales and white-labeled CDN services. EdgeCast currently has more than 4,000 customers, more than 1,000 of which--including DailyMotion, Imgur and Posterous--it added in 2011.
- see this release
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