Pulse to Launch EdgeCast Cloud Services Leveraging Triton Cloud and Assets Acquired in Edgio Bankruptcy Auction
On February 6th, the U.S. Bankruptcy Court approved the sale of select Edgio assets to Parler for $7.5 million. Parler is keeping the EdgeCast brand, and Parler Cloud Technologies is being renamed to EdgeCast Cloud Services. The company has been working to restart a portion of the original EdgeCast network, which will go live on April 15th with 10Tbps of network capacity from within 25 PoP locations, primarily for customers who need video-on-demand delivery and software downloads. At launch, live streaming will have limited functionality.
The company plans to have 50Tbps of network capacity by the end of this year, close to the approximately 65Tbps capacity the network had when it was shut down under Edgio. Under the previous owners, EdgeCast’s network hit a peak capacity of 140Tbps. EdgeCast Cloud Services will offer delivery capabilities internationally, excluding the Middle East, South Asia, Eastern Europe, Africa and Australia. Part of the capacity on EdegCast Cloud will be used for Parler’s services, consisting of its social media platform Parler and video streaming platform Playtv.
During Edgio’s Bankruptcy auction, Parler acquired EdgeCast-only gear in Ashburn, Chicago, Dallas, Los Angeles, New York, San Jose, Seattle, Miami, Washington, DC, Bogota, Buenos Aires, Sao Paulo, Amsterdam, Frankfurt, Tokyo, and Singapore. In addition to hardware assets, Parler also acquired the EdgeCast software stack, including WAF and other non-CDN services, EdgeCast ASNs and 6 IP blocks. It did not acquire anything related to Edgio’s Limelight brand or assets. Since acquiring the assets, EdgeCast Cloud Services has hired approximately 100 former Edgio employees, 70% of whom are related to engineering and operations. The employees hired were not part of the bankruptcy process.
EdgeCast Cloud Services is powered by Triton, formerly Joynt Legacy Cloud Software, which originated as Samsung Cloud. Parler says that when combined with its open compute hardware, the integration of the Edgecast CDN enhances its cloud offering, transforming it into a full-stack cloud services platform. The parent company, Pulse, is building a decentralized digital ecosystem spanning social media, streaming, payments, e-commerce, cloud services, blockchain, and content delivery.
While the company discussed its 2024 revenue and growth numbers with me, I don’t have permission to release them. The company said over the next few months, news will come out from Pulse regarding funding and additional acquisitions.