NASDAQ-listed Limelight Networks this morning announced the acquisition of AcceloWeb, a Tel Aviv-based provider of technology that helps speed the presentation of websites and applications. We wrote about the company back in July 2009 when it was still called FasterWeb.

Terms of the acquisition were not disclosed, but we’ve learned that the transaction was completed with a combination of Limelight Networks common stock and cash. Founded in 2008, AcceloWeb is headquartered in Israel with US offices in Boston. 

YL Ventures, headed by Yoav Andrew Leitersdorf, participated in the transaction as an investor, strategic advisor, and board member of AcceloWeb.

Limelight hopes AcceloWeb’s technology, combined with its own web and application acceleration services, will help its customers improve the load time of their web-based applications and websites, thus increasing conversion rates and decreasing abandonment.

AcceloWeb says its technology requires zero configuration and does not require any changes to existing web development workflow, reconfiguration of site or application resources, installation of a hardware appliance or any server side, browser or desktop plug-ins.

Limelight Networks last week announced that it acquired web content management software maker Clickability for $10 million.

The company also reported earnings for the first quarter of the year, reporting a loss of $9.8 million on revenue of $49.8 million for its online content delivery systems.

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