NetDNA® CDN Completes Latest Funding Round Led by Investment Firm Chelsea Management, Inc.
July 12, 2011 | Taylor Jasko
Los Angeles, CA (PRWEB) July 12, 2011
NetDNA.com, a leading Los Angeles-based content delivery network (CDN), announced today that it has completed its latest funding round led by Los Angeles based investment firm Chelsea Management, Inc., with over $1 Billion under management.
“The Chelsea investment will allow us to continue our tremendously strong growth for a long time tocome,” said Ben R. Neumann, Chief Executive Officer of NetDNA. “While already profitable, this will only solidify our company’s longevity in the content delivery network (CDN) market, allowing NetDNA to further ensure our company’s and clients success.”
Patrick Pascal, President of Chelsea Management Company, suggested that, “NetDNA.com offers many attributes of performance, management, philosophy and market position that compare favorably with larger peers in this fast growing segment.”
The funding will be used towards further growth of NetDNA’s cutting edge network and product expansion. The funding will also be used to hire additional key personnel to join the technical team, for hardware deployments and product development.
About Chelsea Management, Inc.
Founded in 1971, Chelsea Management Company provides independent investment counsel to institutions, endowments & charities, pensions, and individuals. With approximately $1 Billion in assets under management, Chelsea focuses investments on quality, value, and security, knowing that the best in class often offers the highest long-term returns.
About NetDNA, LLC
NetDNA, LLC is a fast growing Content Delivery Network (CDN), providing affordable content delivery solutions to over 4,000 customers worldwide. With extensive domain knowledge and several prior successful start-ups by the executive team, NetDNA allows customers to quickly and affordably implement CDN services on their site, to improve website performance. The company is privately held and headquartered in Los Angeles, California.
NetDNA, Chelsea Management, Inc. and related logos are either registered trademarks or trademarks of their respective holders in the United States and/or other countries.