Seoul, Korea & San Jose, CA - May 7, 2008 - CDNetworks (KOSDAQ: 073710) a top-three global, full-service content delivery network (CDN), today announced the closing of its strategic acquisition of the Hit Pops Division of Japan`s Space Communications Corporation. In line with CDNetworks` global expansion strategy, this acquisition brings CDNetworks both significant leading edge technology and a portfolio of world-class customers including MSN Video, Sony, Jupiter Shopping Channel, Fuji, WOWOW, Radio Japan, CCTV, News Broadcasting Japan, and the National Geographic Channel. The acquisition will help CDNetworks fortify its market position as a leading digital content distribution and services company in Japan.
CDNetworks has integrated its global-scale video transmission infrastructure with the video planning and production solution provided by Hit Pops. This addition enables CDNetworks to offer its new and existing customers a full range of high-quality services - from video content production to world-class content delivery. As part of CDNetworks` global expansion strategy, it plans to drive its accelerated technology platform expansion with the development of transmitting applications services, integrated web management services, content delivery, and additional value added services for digital content owners.
"CDNetworks has launched an aggressive global expansion strategy focused on both the addition of significant complementary technology and leading global content players," said Samuel Ko, CEO of CDNetworks. "The addition of Hit Pops brings us a great talent pool, world-class customers, and innovative technology, and demonstrates momentum in our aggressive program of global expansion."
CDNetworks, a top-three global, full-service content delivery network (CDN), provides technology, network infrastructure, and customer services that accelerate the delivery of Internet content and applications to end users around the world. CDNetworks provides a comprehensive suite of technology for video streaming, large-volume-files downloads, and image caching, which deliver unparalleled quality of performance, service, and reliability. World-leading media and entertainment, technology, retail, and online gaming companies rely on CDNetworks to optimize their end users` online experiences. CDNetworks, founded in 2000 in Seoul, Korea, has subsidiaries in the US, China and Japan and is publicly traded on Korea`s KOSDAQ exchange (KOSDAQ: 073710). For more information, please visit: www.cdnetworks.com