Limelight Networks completes acquisition of Layer0
At a Glance
Limelight Networks Inc., a provider of content delivery services, has completed its acquisition of Layer0. The acquisition will help clients use the edge platform to sample content and install apps without compromising security.
Limelight Networks Inc., a provider of content delivery services, has announced that it has completed the acquisition of Moov Corporation, which operates as Layer0. The deal was first announced in July of this year.
Layer0’s tools produce sub-second web apps and APIs through an all-in-one Jamstack platform, making this acquisition a big step forward in Limelight’s ambition as an edge-enabled SaaS solutions provider.
We are excited to close the transaction and have the talented Layer0 team as part of Limelight. We have a refined strategy and a comprehensive operating plan focused on evolving Limelight into a leading provider of content delivery services and AppOps at the edge for technology outcome buyers. This is a $37 billion market, and our integrated edge solutions offer superior performance versus current point solutions.Bob Lyons, president and CEO at Limelight
When the deal was first announced in July, Limelight Networks said in a press release that it would acquire Layer0 for $32.5 million in cash and $22.5 million in common stock.
Limelight also said that developers and clients could use the edge platform to preview content and install applications instantly without compromising security if the organizations worked together.
Our entire team is looking forward to this combination. Our product roadmap aspires to provide the most robust AppOps solution for Web Apps and APIs, and we have accelerated our product innovation investments to achieve this market leadership.Ajay Kapur, CTO of Limelight and former CEO of Layer0
Limelight’s legal advisor was Goodwin Procter LLP, whereas Moov Corporation’s legal advisor was Fenwick & West LLP.