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.
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.
I'm a former general partner at google ventures, head of Google for Entrepreneurs in Europe and founding head of Campus London, Google's first physical hub for startups.
I'm also the founder of Techbikers, a non-profit bringing together the startup ecosystem on cycling challenges in support of Room to Read. Since inception in 2012 we've built 11 schools and 50 libraries in the developing world.
