Posted By Rich Miller On February 25, 2009 @ 10:46 am In CDNs | No Comments
CDNetworks has acquired Panther Express  in a move that could signal; the start of a long-expected consolidation phase in the content delivery sector. The deal gives Korea-based CDNetworks a larger presence in the U.S., where Panther  had a marquee client in the official BarackObama.com campaign site.
CDNetworks  has been the leading content delivery network in Asia, and expanded into the U.S. market  in mid-2007, establishing caching sites in nine locations. It raised $96 million  in private funding in late 2007 and appeared poised to make an acquisition to expand its North American presence.
Panther was privately held and founded by DoubleClick founders Dwight Merriman and Kevin Ryan, who also founded the Silicon Alley Insider  blog network. Terms of the deal were not disclosed.
The content delivery sector has seen an explosion of new providers over the last several years, with more than 30 companies  now offering services and major telecoms now getting into the act as well. Many of these new players received backing from venture capital firms, but created a competitive environment that some CDN watchers predicted would prove unsustainable .
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URL to article: http://www.datacenterknowledge.com/archives/2009/02/25/cdnetworks-acquires-panther-express/
URLs in this post:
 acquired Panther Express: http://www.us.cdnetworks.com/about/pr_news_view.php?biid=88&bbid=6
 Panther: http://www.pantherexpress.com/
 CDNetworks: http://www.us.cdnetworks.com/index.php
 expanded into the U.S. market: http://www.datacenterknowledge.com/archives/2007/07/13/koreas-cdnetworks-expands-in-us/
 raised $96 million: http://www.datacenterknowledge.com/archives/2007/12/20/cdnetworks-gets-96m-goes-shopping/
 Silicon Alley Insider: http://www.businessinsider.com/alleyinsider
 30 companies: http://www.cdnlist.com
 would prove unsustainable: http://www.datacenterknowledge.com/archives/2008/02/19/cdn-market-mashup-coming/
 Dan Rayburn: http://blog.streamingmedia.com/the_business_of_online_vi/2009/02/cdnetworks.html
 Contentinople: http://www.contentinople.com/author.asp?section_id=450&doc_id=172654&f_src=contentinople_sitedefault
 Telecom Ramblings: http://www.telecomramblings.com/2009/02/cdnetworks-and-panther-express-tie-the-knot/
 PaidContent: http://www.paidcontent.org/entry/419-cdnetworks-buys-smaller-cdn-rival-panther-express/
 Rich Miller: http://www.datacenterknowledge.com/archives/author/richm/
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