Yahoo! buys content delivery network company PeerCDN

Posted Dec 18, 2013

Yahoo! has acquired a content delivery network company called PeerCDN. The terms of the deal were undisclosed. PeerCDN’s technology is based on real-time communication technology WebRTC.

PeerCDN’s technology lets visitors chat through text or video while browsing without requiring additional software. PeerCDN delivers images, videos, and downloads using P2P. The resource-sharing is powered by people that are currently visiting a website using WebRTC. This saves bandwidth costs for the website provider.

Here is what the PeerCDN website currently says:

When we started PeerCDN, our vision was to build a next-generation content delivery network ? cheaper, faster, and easier than existing solutions. As PeerCDN grew, we found that many developers were ecstatic about fast response times and reduced bandwidth costs, but even more were excited by the new experiences that order-of-magnitude cheaper bandwidth would enable.

Today, we are thrilled to announce that we are joining Yahoo. We?ve found that they share our passion for excellent web experiences, as well as our love for web technologies like WebRTC, HTML5, and JavaScript. We?re excited by the possibilities ? together we?ll be able to create even more amazing web experiences.

We want to thank all of our awesome beta testers for their feedback, as well as Mozilla for their support through the Ignite Challenge, and Lightspeed Ventures for their advice and support through the Summer Program. And of course, we couldn?t have done this without the incredible support of our friends and family.

We?re so excited about this next step in our journey and we can?t wait to share our progress with you.

Happy hacking,

Feross, Abi, and John
Founders, PeerCDN

[Source: TechCrunch]