Tag Archives: Limelight Networks

internet

Limelight turns down $644 million buyout offer

Tempe-based Limelight Networks, a global leader in digital content delivery, today announced that it has received an unsolicited offer to purchase the company from an entity that management believes is a non-credible source. Under the proposal, first reported by media outlets, then confirmed via phone and follow up email, on June 13, Tuition Build Inc. has offered to purchase and take private Limelight Networks for $644.7 million or $6.55 per share if certain unspecified financial thresholds were satisfied.

Representatives of the company contacted Tuition Build to make inquiries regarding its proposal and ability to complete the proposed transaction. Based on these inquiries, as well as independent investigations of Tuition Build, management has concluded that Tuition Build does not have the experience, credentials, financial resources, or capability to complete the proposed transaction, and that Tuition Build’s stated interest in acquiring Limelight Networks is not an actionable proposal. Accordingly, management believes current and prospective investors in Limelight Networks should disregard Tuition Build’s proposal.

Limelight Networks empowers customers to better engage digital audiences by enabling them to manage and deliver digital content on any device, anywhere in the world. The Company’s award winning Limelight Orchestrate™ platform includes an integrated suite of content delivery technology and services that helps organizations deliver exceptional multi-screen experiences, improve brand awareness, drive revenue, and enhance customer relationships — all while reducing costs.

phoenix

Now is the time to invest in Arizona

It used to be when I traveled to different business meetings across the country, people would ask me about Arizona’s politics. While we still have reputation issues to repair, the questions I’ve been getting recently are more focused on the buzz they’re hearing about our growing technology sector.

There’s good reason Arizona is getting noticed for its growth. Over the last five years, Arizona has developed one of the most robust technology entrepreneurial ecosystems in the country. The state is home to five of Deloitte’s 2013 “Technology Fast 500” firms, specifically First Solar, LifeLock, Telesphere, Inilex and GPS Insight. Other startups that have been home grown in Arizona into industry leaders include Axosoft, GoDaddy, iCrossing, Infusionsoft, Insight Enterprises, LimeLight Networks and WebPT.

We were able to accomplish our strong entrepreneurial spirit in part by drawing the attention of the media and the state’s policy makers to the need to diversify our economy away from construction and climate into a knowledge-based economy with higher paying jobs. Our efforts resulted in a tax credit for qualified research and development that is the best in the nation and a successful angel investment tax credit.

A lot of other resources have been invested. Over a dozen business incubators and accelerators call Arizona home, providing resources to support technology entrepreneurs. In addition to graduating a vibrant workforce to fuel quality jobs, Arizona’s world-renowned universities and community colleges are also heavily engaged.

Arizona State University (ASU) runs the Edson Student Entrepreneur Initiative and the ASU SkySong Innovation Center was recently awarded one of the best organizations of its kind in the country. University of Arizona (UA) is helping create the technology of tomorrow in its Bridges/UA Bio Park and UA Tech Park that includes a Solar Zone. UA also participates in Startup Tucson – an organization dedicated to growing a vibrant ecosystem of entrepreneurship through educational events. Northern Arizona University fosters business growth through it Center for Entrepreneurship and Technology and benefits from its affiliation with NASA. All of that bodes well for Arizona’s innovation economy.

Other efforts are focused solely on exciting people about technology and science. We just celebrated the third annual statewide Arizona SciTech Festival with over 300K people attending more than 500 events this year.

And although we have a long way to go, there’s a growing pool of capital. We’re home to two of the largest and top rated angel investor networks in the U.S. ─ ATIF and Desert Angels. The Arizona Commence Authority has created the Arizona Innovation Challenge that awards the most money in the country to the most promising entrepreneurs meeting technology challenges. Grayhawk Capital just raised $70 million in funds for early and growth stage technology investments. And Tallwave Capital recently announced it has deployed $500,000 in capital in early-stage ventures.

The 2010 census reports Arizona’s population at 6.4 million, with a median age of 35.9 years. The predicted growth rates for Arizona by the federal and state government expect that between 1.5 million and 3 million people will move to Arizona by the year 2020. That type of robust regional population growth combined with an improved U.S. economy translates into high potential for investors.

It’s true we enjoy more than 300 days of sunshine each year. But we offer a lot more than golf and spas. Venture capital sitting on the sidelines should put money into promising Arizona high tech firms and startup ventures.

Now is the time to invest in Arizona.

fitness

Limelight Helps LiveExercise Reach Global Audience

Limelight Networks (Nasdaq:LLNW), a global leader in digital content delivery, today announced that LiveExercise, the leading provider of online video at home workouts, has selected Limelight OrchestrateTM (“Orchestrate”) Video to power their online video content.

LiveExercise is an online health and fitness destination dedicated to making healthy living affordable and accessible for all body types, ages, income levels and locations. Filming more than 30 hours of new content a week, LiveExercise is connecting live with their global audience. LiveExercise needed to deliver live video workouts and on-demand video workouts to subscribers across the world with consistency and high performance. Orchestrate Video allows the company to upload and transform new videos, add metadata and analyze viewer behavior – across a variety of formats and devices faster and more easily than ever before.

“Video content is critical to LiveExercise,” said Antony McGregor Dey, CMO at LiveExercise. “We looked at a number of different video platforms, and Limelight stood out because it was the only solution that met all of our needs. It gave us the speed to market, video quality and flexibility that we needed to publish content from anywhere. Prior to Limelight, it would take us up to an hour to get the video online; now it takes about ten minutes. As great as Limelight Orchestrate Video is, what really stood out was our interaction with Limelight as a company, from sales to support. The single best enterprise customer service I’ve ever received is from Limelight Networks. They are amazing.”

Kirby Wadsworth, CMO at Limelight, said, “Delivering an awesome video experience is critical to engaging online audiences, especially for a company like LiveExercise that relies on strong relationships with consumers to drive its business. We’re proud to be working together with LiveExercise to deliver effective live and on demand video workouts and to help LiveExercise deliver on its mission to improve lives across the world.”

red-awards-2012

2012 RED Awards: Winners & Honorable Mentions

Kitchell, DAVIS and Banner Health captured top honors Thursday night as Arizona Commercial Real Estate Magazine held the 7th Annual, 2012 RED Awards (Real Estate and Development) to recognize the biggest, best and most notable commercial real estate projects and transactions of 2011.

The event drew more than 400 CRE professionals to the Arizona Biltmore as winners and honorable mentions were selected from a record 116 nominations received in 12 project categories and individual and team broker categories.

Kitchell was named General Contractor of the Year; DAVIS was Architect of the Year; and Banner Health won Developer of the Year.

2012 RED Awards category winners:

Best Education Project: Grand Canyon University Arena; Best Hospitality Project: Westin Downtown Phoenix; Best Industrial Project: Dunn-Edwards Phoenix; Best Healthcare Project: Phoenix Children’s Hospital; Best Multi-Family Project: Devine Legacy on Central; Best Office Project: Fountainhead Office Plaza; Best Public Project: Virginia G. Piper Sports & Fitness Center for Persons with Disabilities; Best Redevelopment Project: Adelante Healthcare Surprise; Best Retail Project: iPic Theater/Tanzy/Salt; Most Challenging Project: Salt River Fields at Talking Stick; Most Sustainable Project: DPR Construction Phoenix Headquarters; and Best Tenant Improvement Project: Limelight Networks.

Merit Award winners were OASIS Hospital (Healthcare) and P.L. Julian Elementary School (Education).

Broker of the Year honors went to Jay Hoselton, Cushman & Wakefield, Individual Leasing; Ken Elmer, Commercial Properties Inc., Individual Sales; Bo Mills and Mark Detmer, Cushman & Wakefield, Team Leasing; and Tyler Anderson and Sean Cunningham, CBRE, Team Sales.

2012 RED Awards honorable mentions:

Education: NAU Health & Learning Center; Healthcare: Banner MD Anderson Cancer Center; Hospitality: Casino Del Sol Hotel Convention Center and Parking Structure Expansion; Industrial: Crescent Crown Distribution; Most Challenging: Arizona Science Center Phase III Remodification; Multi-Family: Phoenix Towers Terrace; Office: UniSource Energy Corporate Office; Public: Maricopa County Downtown Court Tower; Redevelopment: The Q Building at Paradise Valley Community College; Retail: American Sports Complex-Retail Center; Most Sustainable: Phoenix Children’s Hospital; and Tenant Improvement: Gap Fulfillment Center.


View photos from the 2012 RED Awards on our Facebook!


2012 winners can order Awards, Plaques & Reprints


RED Awards 2012 - Limelight Networks

RED Awards 2012: Best Tenant Improvement Project, Limelight Networks

On March 1, AZRE hosted the 7th Annual RED Awards reception at the Arizona Biltmore in Phoenix to recognize the most notable commercial real estate projects of 2011 and the construction teams involved. AZRE held an open call for nominations and a record 116 projects were submitted by architects, contractors, developers and brokerage firms in Arizona. This year, the winner for Best Tenant Improvement Project was Limelight Networks.


Best Tenant Improvement Project

Limelight Networks

Developer: Vulcan Real Estate
Contractor: Layton Construction
Architect: DAVIS
Broker: Ross Brown Partners
Size: 57,300 SF
Location: 222 S. Mill Ave., Tempe
Completed: July, 2011

Limelight NetworkLimelight Networks is a high-tech company that combined several locations into one main facility. As the first tenant in Tempe Gateway, the Limelight team expanded its project to provide for a 24/7 Network Operation Center and 150 SF of office space for each employee. DAVIS and Layton Construction incorporated updated technology and improved floor layouts. The project team observed sustainability techniques such as Greenguard and CRI Green Label Plus Certifications. The carpeted area is 37% reused content and the ceilings contain 85% recycled material. Motion sensors and water conservation were also implemented to promote the value of energy efficiency and progress of Limelight’s tenant improvement.

limelight.com


Video by Cory Bergquist


Honorable Mention

GAP Fulfillment Center

Developer: N/A
Contractor: Jokake Construction Services
Architect: K&I Architects
Broker: Cushman & Wakefield
Size: 412,000 SF
Location: 2225 S. 75th Ave., Phoenix
Completed: May, 2011


Video by Cory Bergquist


RED Awards 2012 Winners & Finalists

AZRE Magazine March/April 2011