Edgio (Nasdaq: EGIO), a leader in security, speed, and simplicity for digital infrastructure, has voluntarily filed for Chapter 11 in the U.S. Bankruptcy Court for the District of Delaware to support the sale of its business. Partnering with primary lender Lynrock Lake Master Fund LP, Edgio has secured a stalking horse bid of $110 million to anchor the sale process, which aims to conclude in approximately 80 days. Despite the Chapter 11 filing, Edgio continues to serve over 935 global customers with ongoing operations.
Edgio was founded in 2022, following the acquisition of Edgecast by Limelight Networks, a long-established provider of content delivery services. The merger and rebranding as Edgio created a company that focuses on delivering fast, secure digital content across media, websites, and mobile applications. Leveraging the combined expertise of Limelight and Edgecast, Edgio offers comprehensive solutions to help clients accelerate content delivery, enhance security, and scale globally.
Key Infrastructure Details:
• Edgio Applications and Security Suite: Provides AI-powered protection and performance for high-profile websites and applications globally.
• Edgio Uplynk Platform: A managed SaaS platform for streaming for top media, sports, and cable brands.
• Edgio Delivery: A high-performance network tailored for global enterprises.
• Global Edge Network: Features 300+ Points of Presence (PoPs), 7,000+ ISP interconnections, and 275+ Tbps global capacity.
