StackPath Edge Computing Patent & Software Acquisition Opportunity
Available Assets
- 15 Issued U.S. Patents
- Proprietary Source Code
- 150+ Domain Names
- 7 U.S. and 72 International Registered Trademarks
Binding Bid Deadline
February 19, 2025
Founded in 2015 by the founders of SoftLayer Technologies (acquired by IBM in 2013), StackPath is a cloud computing platform that provides Infrastructure-as-a-Service (IaaS) with a focus on advanced edge computing technologies. StackPath propelled its capabilities, customer base, and competitive positioning through numerous strategic acquisitions.
Strategic Acquisitions
- MaxCDN (content delivery network (CDN) provider)
- Staminus (distributed denial-of-service (DDoS) attack mitigation technology)
- Fireblade (bot-management solution and DDoS protection technology)
- Cloak (consumer VPN provider)
- Highwinds Network Group (CDN, cloud storage, IP transit, transport and colocation)
- Server Density Limited (infrastructure monitoring for cloud, servers, and websites)
Historical Revenue
StackPath sold its CDN customer base to Akamai Technologies for $45 million in August 2023, before ceasing operations in June 2024 and pursuing an assignment for the benefit of creditors (ABC). StackPath generated $33.5M in revenue after the Akamai Sale (September 2023 until the ABC in June 2024).
Market Opportunity
- Global edge computing market valued at $16.45B in 2023
- Expected CAGR of 36.9% from 2024 to 2030
- Growing demand across multiple sectors
Source: Grand View Research
Take advantage of $400 million and 10 years of investment and development to jumpstart or bolster an edge computing business. This opportunity is highlighted by the 2 following asset groups:
- 15 Issued U.S. Patents representing 9 patent families
- StackPath’s proprietary source code that powered their application services
Edge computing processes data closer to where it’s created—on a device or nearby server—instead of relying on distant data centers. This reduces latency, improves efficiency, and is crucial for real-time applications like smart devices, streaming, and self-driving cars. As connected devices and real-time applications continue to grow, this localized approach is key to building scalable and reliable systems.
Edge Use Cases
The sale is being conducted on behalf of StackPath ABC, LLC, as assignee for the benefit of creditors of StackPath TopCo BR, LLC and related debtor subsidiaries and affiliates, pursuant to the petition, StackPath Management, Inc., et al. v. StackPath ABC, LLC, Case No. 2024-0647, filed before the Delaware Superior Court of Chancery. The assignee has the ability to negotiate with interested parties prior to the binding bid deadline noted above. Parties interested in learning more about the assets or submitting a bid should contact Hilco Streambank as soon as possible.
