CDNetworks, Panther Merge
It looks as if CDN consolidation has finally begun in earnest, as Korean content delivery network CDNetworks Co. Ltd. is merging with U.S.-based competitor Panther Express Inc.
As part of the merger, CDNetworks will assume all of Panther's U.S. and North American operations, including its network infrastructure and personnel. Financial terms of the deal were not disclosed.
Former Panther CEO Steve Liddell will become president of CDNetworks International, and will be charged with overseeing the company's U.S. and European operations. Prior to taking charge of Panther last May, Liddell had held several executive roles at Level 3 Communications Inc. (NYSE: LVLT), including president and CEO of its Asian operations.
The companies say the deal is being done after plenty of due diligence and a careful evaluation of any possible overlap in customers and technology. In a conversation with Contentinople, CDNetworks chief strategy officer Steve Chung stressed that the companies saw synergies in their product portfolios and in their regional reaches...
Get the whole story at Contentinople.
— Ryan Lawler, Senior Editor, Contentinople