History
A provider of distributed application hosting and content delivery services, Speedera was founded by Ajit Gupta (CEO), Rich Day (chief architect), and Eric Swildens (CTO). The company was based in Santa Clara, California.. Speedera opened its second headquarters in Bangalore, India in 2002 to offer 24x7 operations and customer support as well as sales, marketing and additional R&D capacity. Investors backing Speedera included Stanford University and Trinity Ventures.
Despite the dot.com bust of 2000 and a large number of competitors (30-plus at that time), Speedera had patented, sophisticated technology, a significant cost advantage and a customer focused sales philosophy that enabled the company to survive the economic downturn and grow rapidly enough to eventually achieve a profitable annual revenue run rate of $60 million. In 2003 and 2004, both Deloitte & Touche and PricewaterhouseCoopers recognized Speedera as one of the top 10 fastest growing private companies in Silicon Valley and in North America.
The company initially was created to cache static Web content through its vast network and direct users to the optimum server through intelligent traffic management and quickly transformed itself to deliver dynamic imaging, rich dynamic content and accelerated Web applications using the same platform.
Speedera enabled companies to offer bandwidth-intensive content, graphics, and streaming media over the Web. It operated servers on more than 1,000 backbone networks in the Americas, Europe and the Asia-Pacific region, putting the content physically closer to users, and speeding up downloads and streaming. Speedera built its network from the ground up to more than 100 Points-of-Presence (PoPs) within Tier 1 data centers in 20 countries that provided 99.999 percent uptime based on a technology stack of more than 20 patents.
Speedera at acquisition had more than 400 global customers, including Fortune 500 companies in all verticals. They included Fox Broadcasting Corporation, Amazon.com, Apple, Sony Music Entertainment, Nokia, Comcast, NASA, the European Space Agency, Walmart, Bank of America, Lowes, The U.S. Department of Homeland Security, The Weather Channel, Nissan, NPR, iFilm, Atom Shockwave, Univision, Sirius Satellite Radio, the National Hockey League, the U.S. National Guard, Hoovers, Tag Heuer, Oracle, Microsoft,, Cisco, Verizon, Yahoo, Intuit, Intel, AMD, Macromedia, McAfee, Network Associates, Symantec, RSA Security, Inc., Hewlett-Packard, Intel, Softbank, Sify, Satyam, Rediff and The Times of India.
The company’s channel partners included HP Services, Internap, Softbank Broadmedia/Club IT, Hitachi, AboveNet, and Inflow (Sungard).
Read more about this topic: Speedera Networks
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