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" @ Buy.com, DreamWorks, LLC, Facebook, FOXNews.com, IFILM, ITV Play, Marimba, MSNBC.com, MySpace, NC Interactive, Radio Free Virgin, Valve Software, and Xbox Live.
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- 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.
