American Internet corporation Yahoo Inc. has made yet another acquisition and is adding three more talented software engineers to its team.
According to a report by VentureBeat, startup PeerCDN on Tuesday announced that it was acquired by Yahoo for an undisclosed sum. PeerCDN is an attractive prospect for Yahoo, as its technology claims to make websites faster at lower bandwidth costs.
PeerCDN was still in private beta when it was purchased. Its owners describe it as a peer-to-peer content delivery network built with an open source project called WebRTC. The goal is to improve speeds and ensure that website can handle an influx of high traffic, the report said.
Under chief executive Marissa Mayer, Yahoo aims to offer rich media content which requires ample bandwidth. The PeerCDN team will likely get teamwork on bolstering its communications and networking efforts, VentureBeat said.
PeerCDN was founded by Stanford engineering alumni Feross Aboukhadijeh, Abi Raja and John Hiesey. The three PeerCDN engineers have joined the Yahoo office in Sunnyvale, California, the report said.
Join the Conversation