Edgio | Jotup

Sinclair Launches “Broadspan” Datacasting Platform

Retrieved on:

Monday, April 15, 2024

Sinclair, Inc. (Nasdaq: SBGI) announced the launch of its “Broadspan” datacasting platform to enable data distribution capability across all current Sinclair NextGen Broadcast (ATSC 3.0) markets where it serves as the host station.

Key Points:

Sinclair, Inc. (Nasdaq: SBGI) announced the launch of its “Broadspan” datacasting platform to enable data distribution capability across all current Sinclair NextGen Broadcast (ATSC 3.0) markets where it serves as the host station.
Edgio, Inc., a leading content delivery network, will become the first commercial partner of the Broadspan datacasting platform.
It will use the Broadspan platform to deliver a true 4K experience to viewers, by supplementing streaming over the internet with over-the-air data.
Aside from Edgio’s use of the Broadspan platform for a cost-efficient supplement to data off-loading, others can use the new platform to supplement and enhance their IP data distribution tools.

Vercara launches UltraEdge™ to Improve and Defend Online Experiences

Retrieved on:

Tuesday, April 16, 2024

Technology, Security, Denial-of-service attack, DNS, Research, Content delivery network, CDN, Edgio, API, Environment, Senior, SOC, WAF, OWASP, Online shopping

Speed and security are key to improving the online customer experience – and ultimately to increasing engagement and revenue.

Key Points:

Speed and security are key to improving the online customer experience – and ultimately to increasing engagement and revenue.
Additionally, recent Vercara research found that 75% of consumers would sever ties with a brand that experienced an impactful cyber incident.
With the launch of UltraEdge, Vercara is meeting customer demand for fast and secure web experiences that improve business results.
UltraEdge makes it easy to quickly create and deploy websites that stand out in today’s crowded digital landscape.

Edgio Receives Expected Notice from NASDAQ

Retrieved on:

Friday, April 5, 2024

Technology, Media, Networks, Communications, Annual, Annual report, Edgio, Security (finance), Form 10-K, Calendar, Audit committee, Cryptocurrency

Edgio, Inc. (Nasdaq: EGIO) (the “Company”), today announced that it received an expected notice (the “Notice”) on April 4, 2024 from The Nasdaq Stock Market LLC (“Nasdaq”) stating that the Company is not in compliance with the requirements for continued listing under Nasdaq Listing Rule 5250(c)(1) (the “Listing Rule”) because the Company has not yet filed its Annual Report on Form 10-K for the year ended December 31, 2023 (the “Annual Report”) with the Securities and Exchange Commission (the “SEC”).

Key Points:

Edgio, Inc. (Nasdaq: EGIO) (the “Company”), today announced that it received an expected notice (the “Notice”) on April 4, 2024 from The Nasdaq Stock Market LLC (“Nasdaq”) stating that the Company is not in compliance with the requirements for continued listing under Nasdaq Listing Rule 5250(c)(1) (the “Listing Rule”) because the Company has not yet filed its Annual Report on Form 10-K for the year ended December 31, 2023 (the “Annual Report”) with the Securities and Exchange Commission (the “SEC”).
The Notice has no immediate effect on the listing or trading of the Company’s common stock on the Nasdaq Capital Market.
The Notice states that the Company has 60 calendar days from the date of the Notice, or until June 3, 2024, to submit a plan to regain compliance with the Listing Rule.
If Nasdaq accepts the Company’s plan to regain compliance, then Nasdaq may grant the Company up to 180 calendar days from the prescribed due date of the Annual Report, or until September 30, 2024, to file the Annual Report to regain compliance.

Nasuni Appoints Michael Sotnick as Senior Vice President of Business and Corporate Development

Retrieved on:

Tuesday, March 26, 2024

BOSTON, March 26, 2024 /PRNewswire/ -- Nasuni, a leading hybrid cloud storage solution, has expanded its leadership team by appointing Michael Sotnick to Senior Vice President of Business and Corporate Development. In this role, Michael assumes responsibility for Nasuni's global partnerships including Microsoft Azure, Amazon Web Services (AWS), and Google Cloud. He will also drive new strategic technology partnerships.

Key Points:

BOSTON, March 26, 2024 /PRNewswire/ -- Nasuni , a leading hybrid cloud storage solution, has expanded its leadership team by appointing Michael Sotnick to Senior Vice President of Business and Corporate Development.
In this role, Michael assumes responsibility for Nasuni's global partnerships including Microsoft Azure, Amazon Web Services (AWS), and Google Cloud.
He joins Nasuni from Pure Storage where he served as the Vice President of Alliances and Business Development.
"I am thrilled to be joining Nasuni's leadership team at this stage of the company's growth," said Michael Sotnick, Senior Vice President of Business and Corporate Development at Nasuni.

Nasuni Appoints Michael Sotnick as Senior Vice President of Business and Corporate Development

Retrieved on:

Tuesday, March 26, 2024

BOSTON, March 26, 2024 /PRNewswire/ -- Nasuni, a leading hybrid cloud storage solution, has expanded its leadership team by appointing Michael Sotnick to Senior Vice President of Business and Corporate Development. In this role, Michael assumes responsibility for Nasuni's global partnerships including Microsoft Azure, Amazon Web Services (AWS), and Google Cloud. He will also drive new strategic technology partnerships.

Key Points:

BOSTON, March 26, 2024 /PRNewswire/ -- Nasuni , a leading hybrid cloud storage solution, has expanded its leadership team by appointing Michael Sotnick to Senior Vice President of Business and Corporate Development.
In this role, Michael assumes responsibility for Nasuni's global partnerships including Microsoft Azure, Amazon Web Services (AWS), and Google Cloud.
He joins Nasuni from Pure Storage where he served as the Vice President of Alliances and Business Development.
"I am thrilled to be joining Nasuni's leadership team at this stage of the company's growth," said Michael Sotnick, Senior Vice President of Business and Corporate Development at Nasuni.

Edgio Announces Effectiveness of Reverse Stock Split

Retrieved on:

Tuesday, February 27, 2024

Data Management, Security, Apps, Applications, Technology, Software, Networks, Internet, Certificate, Edgio, Common stock, Reverse stock split, Sale, CUSIP, Security (finance)

As a result of the Reverse Stock Split, every forty (40) shares of the Company’s issued and outstanding common stock will be converted into one (1) share of issued and outstanding common stock.

Key Points:

As a result of the Reverse Stock Split, every forty (40) shares of the Company’s issued and outstanding common stock will be converted into one (1) share of issued and outstanding common stock.
The Reverse Stock Split will be effected simultaneously for all of our outstanding Common Stock and the exchange ratio will be the same for all of our outstanding Common Stock.
The Reverse Stock Split will have no impact on stockholders’ proportionate equity interest or voting rights in the Company or the par value of the Common Stock, which remains unchanged, except to the extent that the Reverse Stock Split results in any of our stockholders receiving fair value in cash of any fractional shares they would otherwise be entitled to as a result of the Reverse Stock Split.
Following the Reverse Stock Split, stockholders will receive instructions from Edgio’s transfer agent on how a stockholder should surrender his or her certificate(s) representing shares of Common Stock to the transfer agent in exchange for certificates representing the appropriate number of whole shares of post-Reverse Stock Split Common Stock.

Edgio Inc. Announces Inducement Grant Under Nasdaq Listing Rule 5635(C)(4)

Retrieved on:

Tuesday, December 12, 2023

Software, Technology, Apps, Applications, Employment, Finance Secretary (India), RSU, FP, Product management, PSU Zephyrus, Compensated emancipation, Indian stock exchange, Security (finance), Media, Edgio, Amend

The inducement grant was approved by the Company's independent directors serving on its Compensation Committee and the Company’s Board of Directors and was made as a material inducement to each of Messrs. Black’s, Hinders’, Martello’s, Morgan’s and Graham’s acceptance of employment with Edgio in accordance with Nasdaq Listing Rule 5635(c)(4) as a component of their employment compensation.

Key Points:

The inducement grant was approved by the Company's independent directors serving on its Compensation Committee and the Company’s Board of Directors and was made as a material inducement to each of Messrs. Black’s, Hinders’, Martello’s, Morgan’s and Graham’s acceptance of employment with Edgio in accordance with Nasdaq Listing Rule 5635(c)(4) as a component of their employment compensation.
The inducement grants consist of Restricted Stock Units (“RSUs”), Performance Restricted Stock Units (“PSUs”) and Stock Options, for an aggregate of [4,502,320] shares of the Company's common stock.
The exercise price per share applicable to the 368,499 Options granted to Mr. Martello is $0.49, the closing price of the Company’s common stock on the grant date.
The inducement grants are subject to the terms and conditions of the award agreements covering the RSUs, PSUs, and Stock Options and the Company's Amended and Restated 2021 Inducement Plan.

Secure Medical Chooses Edgio for Fast, Secure Delivery of Telehealth Services

Retrieved on:

Thursday, December 7, 2023

Software, Practice Management, Telemedicine, Virtual Medicine, Health, Hospitals, Health Technology, Technology, Security, Content delivery network, Sleep, CDN, GM, Denial-of-service attack, WAF, Medicine, Online shopping, Edgio

Prior to the move to Edgio, Secure Medical faced significant challenges.

Key Points:

Prior to the move to Edgio, Secure Medical faced significant challenges.
In addition, the lack of built-in DDoS protection also raised concerns about the security of sensitive medical information.
“We switched to Edgio because they offered substantially better tools, pricing, and support,” said Kyle Rao, President of Secure Medical.
“We remain committed to empowering businesses like Secure Medical with innovative technologies that drive success in the ever-evolving digital landscape.”

Edgio’s Group Vice President of EMEA, Emma Whitmore, to Join the Digital TV Group (DTG) Council

Retrieved on:

Wednesday, December 6, 2023

Edgio, Inc. (Nasdaq: EGIO), the platform of choice for speed, security, and simplicity at the edge, today announced that Emma Whitmore, Group Vice President (GVP) of EMEA, is joining the DTG Council, an important industry steering group, to provide Edgio’s unique perspective and insight on the future of TV distribution.

Key Points:

Edgio, Inc. (Nasdaq: EGIO), the platform of choice for speed, security, and simplicity at the edge, today announced that Emma Whitmore, Group Vice President (GVP) of EMEA, is joining the DTG Council, an important industry steering group, to provide Edgio’s unique perspective and insight on the future of TV distribution.
For over 25 years, DTG, the UK's unique, self-funding centre for innovation in digital media technology, has been central to driving digital TV innovation in the UK.
The 25-strong member council brings together the best thinkers from across broadcasters, technology providers and manufacturers, including BT, BBC, ITV and Sony, to inform the work, policy and direction of the organisation.
I am delighted to have been asked to join the council and sit alongside some of the UK’s major industry players to help influence the future of TV distribution,” says Emma Whitmore.

Edgio Announces New Board of Directors

Retrieved on:

Monday, December 4, 2023

The now five-member Board includes three newly appointed, highly qualified directors: Ken Traub, Frank Verdecanna and Mio Babic.

Key Points:

The now five-member Board includes three newly appointed, highly qualified directors: Ken Traub, Frank Verdecanna and Mio Babic.
Simultaneously, seven existing directors, David Peterschmidt, Walter Amaral, Scott Genereux, Patricia Hadden, Doug Bewsher, Reed Rayman, and E-Fei Wang, have resigned their positions on the Edgio Board.
Edgio CEO, Bob Lyons, and current Board member, Dianne Ledingham will continue to serve as Board members.
As part of the exchange agreement, Edgio agreed to implement certain governance changes, including a reduction in the number of Board members from nine to five, and the appointment of two new independent directors mutually acceptable to Edgio and Lynrock.