Big CDN Limelight Purchases Seattle’s OVP Delve Networks

Limelight, the big content delivery network, has purchased Delve Networks, the Seattle-based online video platform company.

The company has been purchased for an undisclosed amount of cash and stock Ryan Lawler reports at NewTeeVee.

Dan Rayburn at Streaming Media, says the acquisition has a price tag of $10 million.

Last year, we interviewed Delve CEO and founder Alex Castro about Delve and its efforts around creating rich metadata around online video. Castro is staying on with Limelight after the acquisition.

Here is the company press release.

Andy Plesser

By Andy Plesser on August 2, 2010 @beet_tv

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Big CDN Limelight Purchases Seattle’s OVP Delve Networks

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