TEMPE, Ariz.--(BUSINESS WIRE)--
Limelight Networks, Inc. (Nasdaq: LLNW),
a global leader in digital content delivery, today announced it has
entered into a binding Memorandum of Understanding with Akamai
Technologies that settles all outstanding legal disputes between the
parties. The parties also agreed to license certain patents to one
another as part of the settlement. Terms of the settlement and licenses
are confidential.
The parties will dismiss with prejudice the pending actions in the
Eastern District of Virginia (Case 3:15-cv-00720-JAG), which was
scheduled to begin trial today, and the District of Massachusetts (Case
No. 1:16-cv-10253-GAO). This brings to conclusion a series of patent
disputes between the parties that have been outstanding for the prior
two years.
“We are pleased to finally have these disputes behind us,” said Bob
Lento, Limelight’s Chief Executive Officer. “We remain focused on our
top strategic priorities, including customer satisfaction, employee
growth and retention, and delivering superior returns to our
shareholders.”
Limelight will report results for the first quarter 2018 on Thursday,
April 19.
About Limelight
Limelight Networks, a global leader in digital content delivery,
empowers customers to better engage online audiences by enabling them
to securely manage and globally deliver digital content, on any device.
The company’s Limelight Orchestrate Platform includes a global
infrastructure with a fully-integrated suite of capabilities and
services to help you address all your content delivery needs. The
Orchestrate Platform solves your most important content delivery
challenges so you can deliver the next great digital experience
anywhere. For more information, please visit www.limelight.com
and follow us on Twitter,
Facebook
and LinkedIn.
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Investor inquiries:
Limelight Networks
ir@llnw.com
or
Press
inquiries:
Limelight Networks
Debby Hohler
dhohler@llnw.com
Source: Limelight Networks, Inc.