TEMPE, Ariz., Jan. 17, 2013 (GLOBE NEWSWIRE) -- Limelight Networks (Nasdaq:LLNW), a global leader in digital presence management, today announced that the company has been named Frost & Sullivan's 2012 Global Product Line Strategy Award recipient in the Online Video Platform market. Measured against more than 80 companies across the industry, Limelight's OVP solution, bolstered by its renowned Content Delivery Network, is uniquely positioned in the market to solve content providers' needs to deliver a streamlined viewer experience.
Online video is being published, viewed, and monetized at an incredible rate and will continue to do so for the foreseeable future. Nearly 900 billion online videos have been streamed across the Internet to customers around the world. In this growing industry, business models surrounding online video are still being defined, so the demand for solutions that can simplify back-end production and processing of video are in high demand.
"Limelight is a superior online video platform market contender, because the company has obviously figured out the value that both OVP and content delivery networks (CDNs) offer to the online video management marketplace," said Loren Johnson, Frost & Sullivan research analyst. "Its combined solution is one of a kind in the OVP market; Frost & Sullivan firmly believes that the company has created a unique integrated solution that is exactly what the market needs. As the OVP market continues to grow and shake out weaker vendors, Limelight is well-positioned to grow its market share faster and more consistently than its competitors.""Rich media is a requirement for any digital storytelling today, whether the goal is to educate audiences, monetize content, or drive purchases. We are committed to helping customers manage and deliver a rich media-optimized digital presence and to helping ensure a seamless user experience for their viewers everywhere, on any device," said Edgardo Nazario, Senior Vice President of Product Management at Limelight. "We're honored to be recognized as an industry leader by Frost & Sullivan. We will continue to drive innovation in this rapidly evolving marketplace."
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts