CDNetworks reports 2008 revenue up 300% in U.S.

CDNetworks, a top global content delivery network (CDN) based in Seoul, South Korea, announced 300 percent growth in revenue during its first full year of operation in the U.S. market. It also claims to have expanded its customer base by 5x during the past year. The company made significant investment in its CDN technology, customer services, and executive team in the United States as part of its continued global expansion.

The company now has 122 U.S. customers, up from 20 at the beginning of the year. CDNetworks challenges the notion that the U.S. content delivery market has become commoditized, claiming its "customer first" approach is more important to clients than sheer price differentiation. It claims flexible operations, responsiveness to customer's needs and service reliability are the most important factors for clients when choosing a content delivery network.

"To be competitive, CDN service providers must offer more than low prices," Jim Davis, Senior Analyst of Networks & Media at Tier 1 Research, said in the CDNetworks release. "While customers don't always consider pre-sales engineering and post-sales technical support when considering the cost of a content delivery service, these are key elements in long-term customer satisfaction. CDN vendors should develop and articulate their capabilities in these areas." 

For more:
- see the company's release here 

Related articles
CDNetworks announces Flash 3.5 beta
What's next for CDNs?

Read more on