CD Networks has acquired Panther Express, a New York-based provider of content delivery solutions. No financial terms were disclosed. Panther Express had raised around $22 million from Greylock Partners, Index Ventures and Gold Hill Capital Management.
CDNetworks (KOSDAQ: 073710), a top-three global, full-service content delivery network (CDN), today announced that it has merged its US and European operations with Panther Express, a New York-based global CDN firm.
The merger extends CDNetworks’ unique position as a premier Content Acceleration Network for US and Europe-based global companies expanding their content and application reach throughout the world. The strong financial backing CDNetworks brings to Panther Express ensures its customers will continue to receive the same high performance service and world class technology they’ve come to expect.
The terms of the transaction were not disclosed.
About Panther Express:
Panther Express Corp. is a high-performance, global CDN with an innovative infrastructure that combines rapid provisioning, reliability, scalability and outstanding support. The Panther system was designed to provide peak performance and reliability using highly optimized architecture. More than 425 media, entertainment, technology, gaming, news and Web 2.0 companies rely on Panther’s system to ensure reliable, cost-effective content delivery. Panther is privately held and is backed by Index Ventures and Greylock Partners.
CDNetworks, a top-three global, full-service content delivery network (CDN), provides technology, Content Acceleration Network (CAN) infrastructure, and customer services that accelerate the delivery of Internet content and applications to end users around the world. CDNetworks provides a comprehensive suite of technology for video streaming, large-volume-files downloads, and image caching, which delivers unparalleled quality of performance, service, and reliability. World-leading media and entertainment, technology, retail, and online gaming companies rely on CDNetworks to optimize their end users’ online experiences. CDNetworks, founded in 2000 in Seoul, Korea, has subsidiaries in the US, China, and Japan, and is publicly traded on Korea’s KOSDAQ exchange (KOSDAQ: 073710). For more information, please visit: www.cdnetworks.com.