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EdgeCast Networks Secures $54 million in Series D Growth Investement

EdgeCast Networks Secures $54 million in Series D Growth Investement

CDN Provider EdgeCast Networks today announced it has secured $54 million in new financing, led by Performance Equity Management (PEM), with follow-on participation from the company’s existing investors Menlo Ventures and Steamboat Ventures. The equity portion of the financing was augmented with a debt facility from Silicon Valley Bank.

We are proud that our investment partners recognize our incredible performance and share our enthusiasm about our continued growth.
– Alex Kazerani, Chairman and CEO, EdgeCast. Alex Kazerani, EdgeCast, Chairman and CEO

Roughly two months back,  EdgeCast Networks  launched EdgeCast Transact, a PCI-compliant acceleration and optimization solution for the world’s largest online retailers.

This Series D growth investment will help EdgeCast:

  • Develop and launch new web acceleration,
  • Routing and security services,
  • Further strengthen its rich intellectual property portfolio,
  • Aggressively expand its global network,
  • Boster its international sales and marketing efforts.

This investment will be used to fuel  EdgeCast Networks’ growth as it continues to focus on three key areas:

  • Performance – EdgeCast will continue to innovate with performance as its top priority by  expanding its global network and enhancing its optimization offerings.
  • Quality & Reliability – EdgeCast  plans to constantly evolve and enhance the its service portfolio as the highest quality, most reliable web acceleration and optimization services available anywhere.
  • Security – Carrying a substantial portion of the world’s Internet traffic, EdgeCast plans to keep on improving the security of the global web.

“Millions of people use EdgeCast every day – when they use Twitter, Pinterest, Tumblr, Hulu, or any other of the thousands of sites we accelerate worldwide. We deliver more than 4 trillion digital items a month to almost every Internet user in the world,” said Alex Kazerani, Chairman and CEO, EdgeCast .

“We are proud that our investment partners recognize our incredible performance and share our enthusiasm about our continued growth,” he added.

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