& cplSiteName &

Akamai to Snap Up Dolce's Verivue

Jeff Baumgartner
LR Cable News Analysis
Jeff Baumgartner
11/13/2012
50%
50%

Akamai Technologies Inc. (Nasdaq: AKAM) has offered an undisclosed amount of cash to acquire Verivue Inc. , a content delivery network (CDN) software startup run by Jim Dolce that counts Comcast Ventures and Arris Group Inc. (Nasdaq: ARRS) among its investors.

"From a balance sheet perspective, the transaction is immaterial," an Akamai spokesman said via email, noting that the deal is expected to close by year's end.

Akamai said it will use Verivue's software to complement and accelerate the deployment of Aura Network Solutions, a line of managed and licensed CDN products specifically designed to help network operators build their own CDN capabilities. Akamai is pitching Aura to both fixed line and mobile operators, placing the product in competition with Alcatel-Lucent (NYSE: ALU)'s Velocix platform, which has been deployed by Time Warner Cable Inc. (NYSE: TWC).

Verivue originally focused on high-capacity servers and switches for CDNs and video-on-demand systems, but became more software-oriented after its 2010 acquisition of CoBlitz, a maker of caching technology developed at Princeton University. Verivue used that to develop OneVantage, a content delivery platform that lets network operators utilize two or more CDNs. (See Verivue Buys CoBlitz to Help Telcos.)

On the cable front, Cox Communications Inc. uses Verivue's software to manage TV Connect, the MSO's multi-screen app for tablets and other connected devices. When Verivue was still focused on hardware, it signed Canadian cable operator Shaw Communications Inc. as an early customer. And in addition to an investment in Verivue, Arris cut a deal in 2009 to integrate Verivue's technology with its video platform for service providers, but that agreement didn't produce much new business for either side. (See Cox to Stream Live TV to Tablets , Arris Pumps Up Video With Dolce's Verivue , Verivue Tech Gets a Toehold at Shaw and Cracks Form in Verivue/Arris Partnership.)

Westford, Mass.-based Verivue has about 60 employees, but it's not yet clear how many of them, including CEO Jim Dolce, will be retained once the deal closes.

"It is premature to comment on the specifics at this time," the Akamai spokesman said with respect to the fate of Verivue's personnel. "We are still in the early stages of the integration planning and will be working on that more closely between now and closing. Having said that, Verivue has a strong team of engineers and sales relationships with the operators and that is a valuable talent pool. This acquisition is focused on the talent and the technology."

Verivue, founded in 2006, has raised more than $85 million.

Why this matters
Akamai is already a kingpin among CDN providers, but the Verivue deal gives it some key caching capabilities and some relationships with service providers that are developing their own CDNs for multi-screen video services and applications, or looking to interconnect with third-party CDNs.

The acquisition, though immaterial financially to Akamai, will also help the CDN specialist sharpen its competitive edge compared with other players in the CDN ecosystem, including Alcatel-Lucent, PeerApp Ltd. and Limelight Networks Inc. (Nasdaq: LLNW).

For more



— Jeff Baumgartner, Site Editor, Light Reading Cable

(0)  | 
Comment  | 
Print  | 
Newest First  |  Oldest First  |  Threaded View        ADD A COMMENT
From The Founder
Cisco's Conrad Clemson, recently promoted to head up the company's Service Provider Apps & Platforms developments, talks to Light Reading's Founder and CEO Steve Saunders about how he's bringing cloud video, mobile and virtualization together to empower network operators.
Flash Poll
Live Streaming Video
Charting the CSP's Future
Six different communications service providers join to debate their visions of the future CSP, following a landmark presentation from AT&T on its massive virtualization efforts and a look back on where the telecom industry has been and where it's going from two industry veterans.
LRTV Interviews
MWC 2017's Key 2-Letter Terms

2|20|17   |   08:29   |   (1) comment


5G, AI, VR... these are just some of the two-letter terms that will dominate show-floor chat at MWC 2017 in Barcelona, according to these two blow-hards (a.k.a. Scott Bicheno of Telecoms.com and Light Reading's Ray Le Maistre). And then there's PB...
LRTV Interviews
Key Trends for Mobile Operators in Developing Markets

2|20|17   |   06:37   |   (0) comments


Ovum's Matthew Reed talks to Scott Bicheno from Telecoms.com about the challenges and opportunities facing mobile operators in the developing markets of Africa and the Middle East.
LRTV Documentaries
YouTube Takes on Facebook Live-Streaming

2|17|17   |     |   (0) comments


Popular 'YouTubers' will be the first to get the new service on their smartphones. You have been warned.
LRTV Custom TV
Open Source NFV/SDN Automation

2|17|17   |   05:54   |   (0) comments


AT&T ECOMP (Enhanced Control, Orchestration, Management and Policy) code is transitioning into the Linux Foundation for placement into open source. In this video, Carol Wilson provides an update on the maturation of open source ECOMP and meets with industry leaders from AT&T, Bell Canada, Orange, Linux Foundation and Amdocs to discuss what this means for the ...
LRTV Documentaries
Uber & NASA Collaborate on Flying Car Project

2|16|17   |     |   (0) comments


Is Uber for real? Well, it's hired NASA engineer Mark Moore to lead the project, and he wouldn't come cheap.
LRTV Documentaries
Zuckerberg Tries Out the Oculus Rift VR Glove

2|15|17   |     |   (0) comments


Facebook CEO shows off a new way to interact with the Oculus Rift virtual reality headset: an Oculus glove.
LRTV Custom TV
Huawei Digital Transformation Forum 2017

2|10|17   |     |   (0) comments


Here's a preview of the upcoming Huawei Digital Transformation Forum taking place in Barcelona with trending telecom topics like cloud, IoT, 5G and much more!
Telecom Innovators Video Showcase
Dan Sahar of Qwilt on Open Edge Cloud Platform

2|8|17   |   08:38   |   (0) comments


Dan Sahar, Qwilt's co-founder, sits down with Steve Saunders of Light Reading for a conversation about Qwilt's Open Edge Cloud platform and the new role of service providers in application and content delivery.
LRTV Documentaries
ZeroStack's 'Self-Driving Cloud'

2|7|17   |   01:09   |   (0) comments


Its Z-Brain tech automates day-to-day management and long-term planning for hybrid clouds.
Telecom Innovators Video Showcase
Nominum's Craig Sprosts on DNS & Cybersecurity Trends

2|7|17   |     |   (0) comments


Nominum's Craig Sprosts talks about the fast-changing landscape of cybersecurity with Steve Saunders of Light Reading. Sprosts touches on the trend of the rise of ransomwares, rivals of IoT base attacks, and mobile network security. He also discusses the realization of the importance of IoT security after a recent cyber attack that paralyzed several major ...
LRTV Documentaries
China Moves Towards Mixed Ownership of Telcos

2|1|17   |   01:10   |   (0) comments


Chinese authorities are promoting new ownership models in order to raise capital.
Shades of Ray
What to Expect at MWC 2017

1|31|17   |     |   (0) comments


5G is set to dominate as the key buzz term at this year's Mobile World Congress but there are other pressing 4G matters to address.
Upcoming Live Events
March 21-22, 2017, The Curtis Hotel, Denver, CO
March 22, 2017, The Curtis Hotel, Denver, CO
March 22, 2017, The Curtis Hotel, Denver, CO
May 15-17, 2017, Austin Convention Center, Austin, TX
May 15, 2017, Austin Convention Center - Austin, TX
June 6, 2017, The Joule Hotel, Dallas, TX
All Upcoming Live Events
Infographics
With the mobile ecosystem becoming increasingly vulnerable to security threats, AdaptiveMobile has laid out some of the key considerations for the wireless community.
Hot Topics
T-Mobile CEO: M&A Coming but Not Quite Yet
Dan Jones, Mobile Editor, 2/14/2017
Is the Time Right for a Cisco/Ericsson Wedding?
Ray Le Maistre, Editor-in-chief, 2/17/2017
Nice to See at Least One CSP Taking My Advice
Mitch Wagner, Editor, Enterprise Cloud, 2/17/2017
Charter Launches 5G Field Trials
Mari Silbey, Senior Editor, Cable/Video, 2/16/2017
Cloudifying the Communications Network
Prayson Pate, CTO, Ensemble, ADVA Optical Networking, 2/16/2017
Like Us on Facebook
Twitter Feed
BETWEEN THE CEOs - Executive Interviews
Light Reading founder and CEO Steve Saunders chats with Sportlogiq CEO Craig Buntin about sports data analysis.
Eyal Waldman, CEO of Mellanox Technologies, speaks to Steve Saunders, CEO of Light Reading, for an exclusive interview about the 100 GB cable challenge, cybersecurity and much more.
Animals with Phones
No One Likes This Click Here
Take a hint!
Live Digital Audio

Playing it safe can only get you so far. Sometimes the biggest bets have the biggest payouts, and that is true in your career as well. For this radio show, Caroline Chan, general manager of the 5G Infrastructure Division of the Network Platform Group at Intel, will share her own personal story of how she successfully took big bets to build a successful career, as well as offer advice on how you can do the same. We’ll cover everything from how to overcome fear and manage risk, how to be prepared for where technology is going in the future and how to structure your career in a way to ensure you keep progressing. Chan, a seasoned telecom veteran and effective risk taker herself, will also leave plenty of time to answer all your questions live on the air.