Limelight adds CMS service with $10 million buy of Clickability

Content delivery network Limelight Networks (NASDQ: LLNW) has acquired Clickability, a software-as-a-service (SaaS) provider of content management system for companies like the Minneapolis Star Tribune and PR Newswire, in a stock and cash deal worth $10 million.

Limelight Chairman and CEO Jeff Lunsford said the acquisition of Clickability, which was founded in 1999 and has raised more than $15 million to date, will complement Limelight's video platform business where, Lunsford said, Limelight  is "seeing strong traction and where revenue has doubled since we acquired it six months ago." The company bought OVP Delve Networks in August.

Limelight expects Clickability to contribute approximately $4.5 million to $5 million of revenue in the second half of 2011.

"This acquisition expands the Limelight's total addressable market in cloud-based services by $1 billion, and the web content management segment is expected by Gartner to grow to $1.7 billion by 2014,"Lunsford said. "Limelight has built a track record of successfully integrating other high-value, high-margin cloud-based services. We look forward to continuing that success with Clickability as they begin to leverage our technical and operational infrastructure."

For more:
- see this release

Related articles:
Limelight Networks buys OVP Delve Networks
Limelight Networks closes on $110M EyeWonder buy

Suggested Articles

Subscription video streaming services are increasing their share of the money consumers spend each year on internet TV and movies.

Facebook just released a batch of new updated features for its video platforms across live, Watch Party and Creator Studio.

A new lawsuit is alleging that AT&T inflated subscriber totals for DirecTV Now (which has been renamed AT&T TV Now) by creating fake accounts for the…