31 Oct KDDI Acquires CDNetworks, Combining High Quality Internet Network and Content Delivery Network Services
It’s official – KDDI America Inc., the U.S. division of KDDI CORPORATION, a Global Fortune 500 company and worldwide leader in international telecommunications services, announces KDDI Corp’s purchase of 85.5% of common shares in CDNetworks LTD by KDDI , a global Contents Delivery Network (CDN) service provider headquartered in Seoul, Korea for approximately $167 million.
The acquisition was a strategic one indeed, considering both how fundamental CDN services are for high quality internet providers to offer customers; and how rapidly Internet-related business is growing in Asia, the region in which CDNetworks is most competitive. KDDI group will add new value, combining high-quality Internet network and CDN services, to various Internet service providers including contents providers through the investment.
In addition, KDDI group will realize offload of further increasing mobile traffic and build up the network environment suitable for the smartphone era by adding CDN services in KDDI’s mobile platform.
“We look forward to offering Enterprise IT departments a range of services that can help
them speed up the response their customers and internal users receive from the applications they need to access over the Internet – no matter where they are in the world,” said Nobu Ogata, Director of Planning for KDDI America.
CDN services realize acceleration of Internet communication by temporary cache and delivery of contents in servers, which are located closer to the end users. The services are now essential for Internet providers to offer their users stress-free and comfortable services and contents. CDNetworks operates its CDN business in 70 cities in 31 countries, focusing on Korea, Japan, China, the United States and Europe.
Want to Learn More?
Join KDDI Corporation’s Yasunori Matsuda, Director of Global Business Development, on the exclusive webinar as he discusses the details of the acquisition and future growth plans. The webinar will take place today, Monday, October 31, 2011 at 11:30 am ET. Join webinar here.
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