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CDN Roundup: Limelight, Internap, BitGravity

The latest headlines from the CDN sector, including news from Limelight Networks (LLNW), Akamai (AKAM) and BitGravity.

It's been a busy week in the content delivery network (CDN) business. Here's a look at the latest headlines:

  • Limelight Networks (LLNW) reported its second quarter earnings yesterday, with sales of $30.3 million, slightly above analyst expectations. See coverage from Eric Savitz at Barron's and Silicon Alley Insider, which live-blogged the analyst call. Or see the full transcript of the call at Seeking Alpha.
  • Internap Network Services (INAP) "may be approaching a moment of truth for its CDN business, which is struggling on a number of levels," according to Contentinople, citing analysis from Colby Synesael at Merriman Curhan Ford.

  • The Motley Fool has a profile of BitGravity, looking at its backers, technology and market position. The hook was BitGravity's announcement that it had raised $2.5 million from Allen & Company and individuals including Sling Media co-founder Blake Krikorian.
  • With the BitGravity announcement, content delivery networks have now raised approximately $400 million over the last 18 months, according to Dan Rayburn. "The CDN market is going to be in for a world of hurt in 18-24 months, and most of these CDNs are not going to get acquired or bought out at all, let alone at the kind of revenue multiple investors are dreaming of," Dan writes.
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