Limelight Networks, Inc. acquired AcceloWeb, a provider of technology that speeds the presentation of websites and applications. The technology offered by the Tel Aviv-based AcceloWeb will complement Limelight's web app acceleration strategy and services and improve time to action, according to Limelight, which plans to deploy the AcceloWeb solution worldwide on its compute, storage, and delivery platform. AcceloWeb's technology alleviates the bottleneck that occurs when presenting an application within a browser, without needing any changes to existing web development workflow, reconfiguration of resources, installation of hardware, or plug-ins.
Limelight hopes that by increasing the speed of its Portal and Commerce Accelerator, its conversion rates will increase and customers' ROI will be improved. While exact terms were not disclosed, this transaction was completed with a combination of Limelight Networks common stock and cash, with YL Ventures acting as an investor, strategic advisor, and board member.