from the June 2011 issue

Tempe-based Limelight acquires Israeli tech firm

Tempe-based Limelight Networks Inc. said that it has acquired an Israeli company that offers technology to help speed up the presentation of websites and applications. Limelight, which provides services that accelerate the delivery of videos, music, software updates and other content via the Internet, did not disclose how much it paid for Tel Aviv-based AcceloWeb. This transaction was completed with a combination of cash and Limelight stock. YL Ventures participated in the deal as an investor, strategic adviser and board member. AcceloWeb's technology addresses the bottleneck of presenting a site or application within a browser.

Reprinted from the Israel High-Tech & Investment Report June 2011

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