AcceloWeb (known as FasterWeb) sold to Limelight Networks

AcceloWeb, an Israeli startup formerly known as Fasterweb, has been acquired by Limelight Networks (Nasdaq:LLNW), leader in the content delivery network space (CDN). The terms of the deal were undisclosed.

Acceloweb develops technology that helps increase the load time of websites, a growing need as applications migrate to the cloud. Following the deal, Acceloweb will become Limelight’s development center in Israel.

Fasterweb

AcceloWeb safely provides website users with dramatically enhanced browsing experience, contributing directly to on-line businesses' bottom line. Even websites already utilizing a range of traditional acceleration technologies can gain anywhere between 2x to 5x performance boosts.

AcceloWeb’s technology, tries to solve the hard problem of reducing the “Time to Action” on websites, the amount of time an end user will wait in order to perform tasks on a website or within a web application. Limelight hopes that by speeding the performance of their portal and commerce accelerator services, AcceloWeb’s patent-pending technology will increase conversion rates, decrease abandonment, and improve the return on a customer’s marketing investment.

Video demo of Acceloweb’s technology:

Acceloweb was co-founded by CEO Ofer Gadish, as well as Ofir Ehrlich (previously founded Digicash), Leonid Fainberg and Gil Shai.

“We’re pleased to join Limelight and continue our work building Internet scale software that improves end-user experiences on the Internet. We are excited about the opportunity that Limelight’s global resources and technology platform offers the AcceloWeb team,”

said Gadish in the press release.

This is the first exit for VC fund YL Ventures, headed by Yoav Andrew Leitersdorf. YL Ventures has invested in four Israeli startups to date including Clicktale, Seculert and Upstream Commerce.

Eze Vidra
Follow me

Eze Vidra

Chief Innovation Officer at Antidote
Eze is the Chief Innovation Officer at Antidote, a startup helping patients search and match to clinical trial, to accelerate medical breakthroughs. Previously, Ezewas a General Partner at Google Ventures Europe. Before GV, Eze founded and led Campus London, Google's first physical hub for startups, and was the Head Google for Entrepreneurs in Europe. He's an experienced product manager and startup mentor. In 2012 Eze founded Techbikers, a non-for profit supporting children education in developing countries.
Eze Vidra
Follow me

Eze Vidra

Eze is the Chief Innovation Officer at Antidote, a startup helping patients search and match to clinical trial, to accelerate medical breakthroughs. Previously, Eze was a General Partner at Google Ventures Europe. Before GV, Eze founded and led Campus London, Google's first physical hub for startups, and was the Head Google for Entrepreneurs in Europe. He's an experienced product manager and startup mentor. In 2012 Eze founded Techbikers, a non-for profit supporting children education in developing countries.