In FY22, CDNetworks reports over 52% net profit increase, with
revenues of CDNetworks' security services increasing by 27%.
CDNetworks continues to expand its global presence following its
acquisition by Wangsu in 2017.
SINGAPORE, Feb. 9, 2023 /PRNewswire/ -- CDNetworks, the
global-leading Content Delivery Network (CDN) and Edge Service
provider, is proud to announce upgrades to its operation strategies
and new product portfolios based on its acquisition by Wangsu. The
synergies derived from this acquisition resulted in the highest net
profit since the company's acquisition, and strategically position
CDNetworks for increases in revenue in security and edge services
worldwide.
The Upgraded Operation Strategies are Creating Momentum in
Consecutive Years:
Over the past few years, the synergies derived from resources,
customers, and R&D have spurred CDNetworks to align its
customer-oriented operations with its parent company Wangsu.
- Product Portfolios: To strengthen its presence in
today's global market, CDNetworks rebuilt product portfolios and
changed its core business from the Content Delivery Network (CDN)
only, to include security and edge services, with CDN as a
key component.
Based on its core CDN infrastructure, CDNetworks added solutions
and services such as Media Delivery, Cloud
Security, Zero-Trust, and Edge
Computing. Combining the power of these customer-oriented
products, the latest product portfolios empowers CDNetworks to
provide truly comprehensive services that address real-world
challenges. These new product portfolios have accelerated
CDNetworks' ability to achieve global scale.
- Marketplace Strategy: As a company founded in Korea,
CDNetworks expanded to meet the needs of customers around the world
and set up 14 global offices and 10 R&D centers. In 2019, with
an eye on multiple emerging markets in South East Asia (SSEA), CDNetworks moved
its international headquarters to Singapore and set up a 24/7 customer support
center in Malaysia. CDNetworks
also built local support teams at key locations worldwide,
including Singapore, Malaysia, Japan, South
Korea, UK, US, and China.
With these local Points of Presence (PoPs) in place, CDNetworks was
positioned to create deeper collaborations with customers by
communicating with them in their native language in order to
explore their requirements and provide customized solutions that
meet their business demands.
This strategy met with unparalleled success. The SSEA region
reports 58.9% revenue growth in FY22. Total regional revenue of
SSEA and Greater China together
have accounted for about 45% of CDNetworks' global market. This
remarkable performance will bring more confidences in the further
investment of localization to win more markets in worldwide.
- Operational Optimization: To support new product
portfolios, CDNetworks leveraged the resources of its parent
company, Wangsu, to capture, coordinate, and collaborate
cross-company synergies, and to integrate sufficient resources in
daily operations to bring new products to market. At the same time,
CDNetworks streamlined product development and maintenance, and
deprecated some long-tail products in order to increase
company-wide operational efficiencies.
- Resource Expansion: After the acquisition, CDNetworks
has accelerated the deployment of its global Points of Presence
(PoPs) to ensure the highest levels of speed and availability in
hard-to-reach markets, such as China, Russia, Brazil, and the Middle East. With over 200,000 servers, more
than 200 ISP partners deployed worldwide, and over 2,800 global
PoPs, CDNetworks is now uniquely positioned to offer an unmatched
network presence in many emerging markets and beyond.
CDNetworks Continues its Commitment to Delivering More
Value
CDNetworks continues to actively build strong business
relationships across diverse enterprises, organizations, and
industries worldwide by personalizing interactions with customers,
and viewing every enterprise as an individual entity that has its
own business goals and challenges.
CDNetworks prides itself on finding common ground with
enterprises to identify how it can add innovation, sustainability,
and expertise that enable enterprises to eliminate downtime,
maximize productivity, and level the playing field against the
competitors in their market. In this way, CDNetworks boosts
efficiencies that provide enterprises with a smooth digital
transformation designed to add value to their solutions, expand
their customer base, and bring in new revenue streams while
reducing organizational waste and costs.
CDNetworks ensures customer trust by demonstrating its unique
value proposition of delivering the highest quality solutions for
establishing an enterprise's product presence in the market. In
this context, CDNetworks' Media Delivery services have covered
several major sporting events in worldwide,
and CDNetworks also teams up with various media platforms to
empower the global distribution of these events. Online shopping
forums such as Black Friday and Double Eleventh also benefit from
CDNetworks' Web Performance and Cloud Security
solutions, which guarantee dynamic high-performance, availability
and reliability, and protect E-Commerce platforms from the most
common web application security threats, such as XSS, SQL, DDoS and
brute force attacks, to avoid sluggish response times, frustrating
user experiences, fraudulent transactions, and downtime in order to
maintain revenue, corporate reputations, and customer loyalty.
In serving more than 3,000 enterprises or organizations,
CDNetworks helped many customers navigate the many services,
solutions and technologies by leveraging industry-specific
knowledge to provide them the highest levels of personalized
service. And the successful track record has enabled CDNetworks to
win the trust of leading enterprises in E-Commerce, Media and
Entertainment, System Integration, Online Gaming, Software and
Technology, Online Education, Manufacturing, and Finance among
other fields. It has also allowed CDNetworks to garner influence
across different industries as an increasing number of enterprises
worldwide recognize the capabilities of CDNetworks 'media delivery
and security services.
CDNetworks Envisions a Bright Future
Addressing the future direction of CDNetworks' product
development, Doyle Deng, Head of
Global Marketing and Product of CDNetworks, said, "The inherent
limitations of traditional CDNs make them unable to meet the
demands of elasticity and flexibility required for content caching
and delivery. And with the development of new technologies like
edge computing, big data, IOT, and other interconnected and
cooperative trends, the edge is becoming the new arena for
cybersecurity. For these reasons, CDNetworks is investing a
significant amount of resources into edge research and
development."
Mr. Deng added, "In 2021, CDNetworks, together with our
parent company, Wangsu, invested roughly US$68 million toward developing cloud security,
edge computing businesses, and other key innovation areas. From
these investments, CDNetworks has been able to provide premium
solutions and support for media streaming, e-commerce, gaming
acceleration, e-learning, and other online platforms that deliver
solutions and services with low latency, high reliability, and
scalability. Going forward, we intend to strengthen communications
with customers to deliver more customer-oriented solutions for
different industrial scenarios."
About CDNetworks
As a global-leading CDN (Content Delivery Network) and Edge
Service provider, CDNetworks delivers fully integrated cloud and
edge computing solutions with unparalleled speed, ultra-low
latency, rigorous security, and reliability. Our diverse products
and services include web performance, media delivery, enterprise
applications, cloud security, and colocation services — all of
which are designed to spur business innovation. To learn more,
visit cdnetworks.com and follow us on LinkedIn
Media Contact
CDNetworks Co. Ltd
media@cdnetworks.com
www.cdnetworks.com
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