Thursday, October 15, 2009
EdgeCast: We're In The Black
Los Angeles-based content delivery network firm EdgeCast Networks, announced today that the firm is now profitable. The firm said it became profitable in Q3, and has been EBITDA positive since Q2. The privately held company said it has been growing its revenues by more than 10 percent per month this year, and more than 30 percent per month since its launch in August 2007. EdgeCast is venture backed by Steamboat Ventures and other investors. It was unclear why EdgeCast decided to announce its finances, but the firm quoated analyst firm Frost & Sullivan, saying many CDNs have "fallen by the wayside" in recent months.