Sign In
NewsRadar

Search Press
Looking for press releases of a particular company? Enter company name (or keyword) here.

   


Alcatel-Lucent acquires leading content delivery network provider Velocix


Paris, July 28 2009

Alcatel-Lucent (Euronext Paris and NYSE: ALU) announced today that it has acquired Velocix, a leading global provider of Content Delivery Network (CDN) infrastructure and services to Internet and broadband service providers and media and entertainment companies.

CDNs optimize digital distribution over the Internet by replicating popular video and rich media content to geographically dispersed networks of delivery servers. This allows user requests for content to be served more rapidly and reliably from these local delivery servers rather than from a single source.

'With the acquisition of Velocix, Alcatel-Lucent brings a new, unique value proposition to network operators struggling to support their customers' demands for high-performance delivery of rich media content -- technology solutions for localized caching, as well as metro and regional/national overlay CDN services that enable ISPs and content providers to establish mutually beneficial commercial agreements,' said Melanie A. Posey, Research Director, Hosting & Telecom Services, IDC.

The acquisition of Velocix brings Alcatel-Lucent an enabling CDN infrastructure solution for Internet Service Providers and a wealth of experience and expertise that complements its existing technology and business initiatives. Velocix has a proven track record of constant innovation and advancement in Content Delivery Network technologies. The company was first to market a turn-key solution - Velocix Metro - that allows Internet and broadband service providers to deploy their own advanced delivery capabilities to support their digital content initiatives.

'This acquisition strengthens our leading-edge portfolio of products and services in a key strategic area. Combined with our integration capabilities, it fits nicely into our Application Enablement strategy and our vision of the 'high leverage network' that supports it. It also demonstrates our company's commitment to investing in the capabilities, know-how and technologies needed to effectively support the rapid evolution towards a video-centric world - with maximum reliability and optimal quality of experience,' said Philippe Keryer, President of Alcatel-Lucent's Carrier product group.

'Velocix, with demonstrated strength in video and multimedia content delivery technologies, the highly distributed nature of their network architecture, and the skills and expertise of their team made them an ideal fit for Alcatel-Lucent.' Philippe Keryer added. 'We are very excited at becoming part of Alcatel-Lucent and the opportunities that this will give Velocix and its customers', said John Lee, Chief Executive Officer at Velocix. 'The acquisition is a great fit for both businesses, fully leverages our achievements to date and adds the strategic backing of a major corporation that is well positioned to shape the future of digital content distribution.'

About Alcatel-Lucent

Alcatel-Lucent (Euronext Paris and NYSE: ALU) is the trusted partner of service providers, enterprises and governments worldwide, providing solutions to deliver voice, data and video communication services to end-users. A leader in fixed, mobile and converged broadband networking, IP technologies, applications and services, Alcatel-Lucent leverages the unrivalled technical and scientific expertise of Bell Labs, one of the largest innovation powerhouses in the communications industry. With operations in more than 130 countries and the most experienced global services organization in the industry, Alcatel-Lucent is a local partner with a global reach. Alcatel-Lucent achieved revenues of Euro 16.98 billion in 2008 and is incorporated in France, with executive offices located in Paris. For more information, visit Alcatel-Lucent on the Internet: http://www.alcatel-lucent.com


Publisher Contact Information:

Velocix
-
-

Company profile of Velocix (formerly CacheLogic) - acquired by Alcatel-Lucent
Past press releases of Velocix (formerly CacheLogic) - acquired by Alcatel-Lucent.

Data


27,370
Tech investments
From our Online Data Service
17,662
VC-backed companies
From our Radar


Recent Deals


DATEAMOUNTSECTOR
Nov 25€24.0MInternet commerce
Sep 13N/AWireless services
Sep 11€0.3MInternet services
Sep 10€25.0MBiopharmaceuticals
Sep 10N/AInternet services
Sep 10€25.0MBiotechnology
Sep 10€1,700.0MGames

For information on Europe's most extensive database on technology funding click here!

Events



Press Releases


May 28
Identiq
identiq raises $5m seed, launches privacy-first identity validation...

Apr 29
Nethone
nethone raised over $1 million from innovation nest

Mar 31
CompPair
the fit allocates chf 100'000 to comppair technologies

Jan 29
Yumpingo
yumpingo raises $10m to transform guest experiences in restaurants

Oct 1
The Link App
the link app launches version 2.0





About usContact usLegal Information
Copyright 1999-2019
Emerging Technology Research Europe Inc. All rights reserved.