The former Verizon Digital Media Services unit, including its serverless and Content Delivery Network (CDN) services, has rebranded as Edgecast as Apollo Global completes its acquisition of Yahoo!/Verizon Media.
Edgecast offers Edge Computing, CDN, and streaming delivery services, as well as a Functions-as-a-Service (FaaS, also known as serverless computing) offering called Functions@Edge.
Verizon acquired Yahoo! In 2017 and merged it with its Verizon Digital Media Services business (including the CDN service) to form Oath Inc and later Verizon Media.
Funds managed by Apollo Global Management Inc. acquired Verizon Media in early 2021, with the acquisition closing in September. The Yahoo! moniker has been brought back as the main company brand, while Edgecast is the new name for what was the Verizon Media Platform. Verizon has retained a 10 percent stake in Yahoo!.
“While our name changes, our commitment to your business does not. Our integrated Edgecast platform simplifies your workflow, delivers exceptional quality, and gets you to market quickly,” the company said in a statement. “Trusted by emerging brands and global broadcasters alike, our industry-leading, cloud platform serves up intelligent solutions from one end of your business to the other, freeing you up to focus on what you do best.”
The original EdgeCast Networks Inc was founded in 2006 before being acquired by Verizon in 2013. Between 2013 and 2016, EdgeCast was a subsidiary of Verizon Communications as part of the Verizon Digital Media Services group before becoming part of Oath Inc. and then Verizon Media.