CDNetworks Acquires Japanese Hit Pops - Adds MSN Video, Sony, Fuji Japan Sites to...

CDNetworks Acquires Japanese Hit Pops - Adds MSN Video, Sony, Fuji Japan Sites to Customer List

SEOUL, South Korea & SAN JOSE, Calif.--(Business Wire)--
CDNetworks (KOSDAQ:073710) a top-three global, full-service
content delivery network (CDN), today announced the closing of its
strategic acquisition of the Hit Pops Division of Japan's Space
Communications Corporation. In line with CDNetworks' global expansion
strategy, this acquisition brings CDNetworks both significant leading
edge technology and a portfolio of world-class customers including MSN
Video, Sony, Jupiter Shopping Channel, Fuji, WOWOW, Radio Japan, CCTV,
News Broadcasting Japan, and the National Geographic Channel. The
acquisition will help CDNetworks fortify its market position as a
leading digital content distribution and services company in Japan.

CDNetworks has integrated its global-scale video transmission
infrastructure with the video planning and production solution
provided by Hit Pops. This addition enables CDNetworks to offer its
new and existing customers a full range of high-quality services -
from video content production to world-class content delivery. As part
of CDNetworks' global expansion strategy, it plans to drive its
accelerated technology platform expansion with the development of
transmitting applications services, integrated web management
services, content delivery, and additional value added services for
digital content owners.

"CDNetworks has launched an aggressive global expansion strategy
focused on both the addition of significant complementary technology
and leading global content players," said Samuel Ko, CEO of
CDNetworks. "The addition of Hit Pops brings us a great talent pool,
world-class customers, and innovative technology, and demonstrates
momentum in our aggressive program of global expansion."

About CDNetworks

CDNetworks, a top-three global, full-service content delivery
network (CDN), provides technology, network infrastructure, and
customer services that accelerate the delivery of Internet content and
applications to end users around the world. CDNetworks provides a
comprehensive suite of technology for video streaming,
large-volume-files downloads, and image caching, which deliver
unparalleled quality of performance, service, and reliability.
World-leading media and entertainment, technology, retail, and online
gaming companies rely on CDNetworks to optimize their end users'
online experiences. CDNetworks, founded in 2000 in Seoul, Korea, has
subsidiaries in the US, China and Japan and is publicly traded on
Korea's KOSDAQ exchange (KOSDAQ: 073710). For more information, please
visit: www.cdnetworks.com.

CDNetworks
Frances Mann-Craik, +1-408-868-9577
frances.manncraik@cdnetworks.com

Copyright Business Wire 2008