![]() ![]() Hedge fund Elliott Investment Management is also participating. The chipmaker’s stock fell 6% in late trading on a disappointing revenue forecast.įunds managed by Apollo are buying convertible preferred stock in Western Digital and Apollo partner Reed Rayman will get a board seat, according to a statement. To learn more, visit edg.io and follow us on Twitter, LinkedIn and Facebook.NEW YORK: Western Digital Corp is receiving a US$900mil (RM3.8bil) investment led by Apollo Global Management Inc, getting financial firepower at a tough time for the industry that could see further consolidation. Dedicated to providing unparalleled client care and extending value every step of the way, Edgio is a partner of choice, driving about 20% of worldwide internet traffic to support the most popular shows, movies, sports, games and music, and instant-loading websites. Our globally-scaled technology and expert services fuel the world’s top brands with the capacity to deliver the fastest, most dynamic and frictionless education, entertainment, events and applications to every user. “We’re pleased to support the next phase of the company’s growth, and our participation at this level demonstrates Apollo’s belief in and commitment to Edgio's future.”Įdgio (NASDAQ: EGIO) makes connected living faster, safer and simpler to manage by powering unmatched speed, security and simplicity at the edge with our seamlessly integrated delivery, applications and streaming solutions. “We are exceedingly proud of the progress that Edgio has made, pacing ahead of plan and realizing opportunities to drive client and shareholder value,” said Rayman, a Partner at Apollo. I look forward to working with its leadership, and helping the organization expand its capabilities and scale.”Īlso joining the board are Reed Rayman and E-Fei Wang from Apollo Global Management. “I’ve been impressed with its client-centric approach to continuous improvement and steadfast commitment to transforming how users consume and experience events, entertainment, education and shopping. “I'm honored to join Edgio at such a pivotal time in its growth,” said Ledingham. Dianne also founded Bain’s Global Sales and Channel Excellence Practice as part of the Customer Practice, where she led the group for seven years, helping companies drive growth across industries. Having led some of Bain’s most significant TCS client relationships, she has worked with organizations to deliver outsized growth, successful acquisition and merger integrations, and transformations. ![]() “This is a meaningful step toward reshaping Edgio's Board of Directors to add the capabilities required to support an innovative growth and profitability-oriented technology company.”ĭianne Ledingham, a seasoned technology executive leader, joins the Edgio board with more than 30 years of experience helping companies unlock enterprise value as a senior partner in Bain's Customer Strategy and Marketing Technology and Cloud Services (TCS) Practices. “We continue to strengthen the company’s strategic and operational leadership with these new board appointments,” said Bob Lyons, Edgio CEO. Joining the Edgio Board of Directors are Dianne Ledingham, Reed Rayman and E-Fei Wang to support the company’s ongoing strategic planning, positioning and governance. ![]() (Nasdaq: EGIO), the platform of choice to power unmatched speed, security and simplicity at the edge, today announced the appointment of new board members. TEMPE, Ariz.-(BUSINESS WIRE)- Edgio, Inc. Company expands leadership depth with strategic scaled operations and marketing additions
0 Comments
Leave a Reply. |