"We see Cotendo's technology as game-changing in this market, and we are excited to contribute to the company's advance to the next level with their site acceleration services," said Tom Banahan, Managing Director of Tenaya Capital.
The CDN market is crowded with about 50 vendors, but only four of them have revenues that exceed $50 million. The market leader is Akamai with market cap of $6.6 billion with revenue of $860 million and net income of $146 million for 2009. According to Jim Davis, Senior Analyst with Tier1 Research, “Dynamic site and application acceleration services will be a key growth driver for the CDN market through 2012 when it is expected to reach the $2 billion mark. Network performance will become increasingly important as enterprises continue to ramp up adoption of cloud-based applications during that time frame."
Cotendo provides CDN and site acceleration suite that significantly improves the ability of Internet content providers, including high-volume transactional enterprises, online retailers, financial services companies, advertising networks, professional news and social media sites, to offer fast, secure and reliable 'whole site' acceleration of both static and dynamic content to online customers and site visitors. Cotendo costumers include Web and social network sites such as Facebook, Digg, Meebo, Payoneer, Adbrite, Conduit and Seeking Alpha.
Cotendo was founded in 2008 by Ronni Zehavi (CEO), David Drai (CTO) and Udi Trugman (VP Research and Development). The company is headquartered in Sunnyvale, California with R&D based in Netanya, Israel. The company had recently opened a local presence in France and Germany." (source)
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