Press Release 02 August 2021

Limelight Announces Acquisition of Layer0 to Accelerate Growth in Edge Application Delivery

The Technology M&A team advised Limelight Networks, Inc. on its agreement to acquire Moov Corporation.

This acquisition is a significant step in advancing Limelight's strategy as an edge enabled SaaS solutions provider and will drive growth in revenue, margins and EBITDA. The acquisition will combine the benefits of Limelight's world class global edge network with Layer0's edge orchestration, application acceleration, and developer workflow capabilities to create a leading-edge solution while diversifying Limelight's client mix and services.

Limelight is leading provider of edge cloud services. It is an industry-leader in edge access and content delivery services that provides powerful tools and a customer-first approach to optimize and deliver digital experiences at the edge.

Moov Corporation does business as Layer0, which provides development, deployment and monitoring tools that deliver sub-second web apps and APIs through an all-in-one Jamstack platform.

The Goodwin team was led by Nate Hagler, Conner Pine, Jesse Kalashyan and Nicolo Nourafchan, and included Mitzi Chang, Jacqueline Klosek, Alex Intile, Allison McSorley, Kevin Lam, Zachary Feldman, Kevin Liu, Ai Tajima, Koray Bulut, Joni Noggle, Jacob Osborn, Axel Urie, Alexandra Denniston, Eric Graffeo, Ora Grinberg and Misha Goodwin.

For additional details on the transaction, please read the press release.