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The intellectual property agreement grants EdgeCast a license for more than thirty issued and pending patents covering a broad range of methods and techniques including: display and delivery of rich media; unique storage systems; automated hosting and server management; load balancing technology; and dynamic DNS technologies. The patent applications date as early as 1994.
"This is an exciting announcement for us. We've not only brought in one of the most respected names in hosting and online marketing as a customer, but we've secured access to a solid portfolio of intellectual property as well," said James Segil, president of EdgeCast Networks. "As we add features and customers, a rock-solid base of intellectual property becomes increasingly important. We continue to innovate - every single day - in response to our customers' needs. And as we do, these patents give us a solid base of knowledge on which to build."
Terms of the deal included the exchange of cash and services between the parties. Further specifics were not disclosed.
About EdgeCast Networks, Inc.
EdgeCast offers a superior, cost-effective global content delivery service that gives our customers and partners competitive advantage in the delivery of digital media. Our world-class content delivery platform provides customers the cost benefits and flexibility of controlling their own content delivery network while freeing them from capital investments and operational hassles. To learn more, visit www.edgecast.com.
SOURCE: EdgeCast Networks
EdgeCast Networks Anthony Citrano, 310-479-3200 x255
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