Monday, October 30, 2006

Limelight Appoints CEO

Limelight Networks, a leading content delivery network, named Jeffrey W. Lunsford as CEO and chairman of the board of directors. He replaces founder Bill Rinehart, who will remain with the company as co- founder and continue to work with Limelight's customers and partners.

Lunsford joins Limelight from digital marketing and analytics firm WebSideStory, where as CEO and Chairman he led the company through a successful IPO, a strategic product expansion phase -- including two acquisitions and 11 consecutive quarters of positive cash flow.

Limelight's customer list include more than 700 of the world's top media companies, including Akimbo, Belo Interactive, Brightcove, "BuyMusic" @, DreamWorks, LLC, Facebook,, IFILM, ITV Play, Marimba,, MySpace, NC Interactive, Radio Free Virgin, Valve Software, and Xbox Live.

  • In July 2006, Limelight Networks announced a $130 million equity financing round for its content delivery network for digital media. The funding was led by Goldman Sachs Capital Partners.