Limelight Networks acquires online video publishing company Delve Networks

Limelight Networks Inc. has announced the acquisition of Delve Networks, a privately held provider of cloud-based video publishing and analytics services.

"As online content consumption accelerates, content producers and online businesses need scalable tools to easily and quickly publish their video and syndicate it to an ever-expanding list of Web properties and connected devices. With Delve Networks added to our global computing infrastructure, Limelight Networks now can provide our customers with an at-scale value-added solution for publishing online video, analyzing end-user preferences, and, in conjunction with our EyeWonder and mobility products, monetizing their digital assets," said Jeff Lunsford, chairman and chief executive officer, Limelight Networks, Inc.

Founded in 2006, Seattle-based Delve Networks' software-as-a-service platform provides online businesses with a streamlined and scalable solution for the addition, management, syndication, analysis and monetization of Web video. According to the company, Delve's highly customizable software is designed to operate at Internet scale, and offers all the tools necessary for publishing videos online, including hosting, encoding, channel and playlist management, video search, metrics and advertising.

Online businesses of all types use video to inform, entertain or persuade their audiences. eMarketer reported in April 2010 that more than 68 percent of retailers offer video in their online storefront.

The transaction was completed with a combination of Limelight Networks common stock and cash. Terms were not disclosed.