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."
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