Latest news with #Lithuania-based
Yahoo
30-04-2025
- Business
- Yahoo
From bootstrapped to billions: How Nord spent ‘hundreds of millions' minting VPN customers to become Lithuania's tech darling
Nord Security started as an obscure, bootstrapped company in a part of the world where tech champions are rare: Lithuania. But it didn't take long for it to become mainstream with its niche (and sometimes expensive) cyber security and virtual private network (VPN) products. Tomas Okmanas and Eimantas Sabaliauskas saw this opportunity in 2012 while pursuing careers in IT and decided it was worth exploring. Nord applied simple logic to help it grow: People rely on the internet for everything, which means the need for online security will only increase with time. Indeed, it did—Nord found a huge market among privacy-hungry internet surfers. Okmanas admits that when the company was founded, 'no one cared' outside of a few tech companies that took cybersecurity seriously. As they continued building Nord, the use cases and demand grew. That also meant the founding duo had to become adept at more than just engineering. 'I've now had to learn [about] finance, the legal world, corporate governance, and then how to run teams and companies,' Okmanas told Fortune last year. Best known for its VPN software, Nord allows users to use the Internet while protecting their data and IP addresses. That means more privacy for the average user when browsing the web—but the technology is also highly controversial. VPNs can be used to circumvent government restrictions on the web and have been attacked by Hollywood film studios for their use in piracy and copyright infringement. But Lithuania-based Nord isn't bogged down by these legal and ethical concerns. It focuses on bolstering its primary use case of securely using the web. The company's servers don't log user data—which is part of the privacy spiel. It has argued that ad nauseum, and told Fortune that people using VPN solely to access blocked or unavailable streaming services is 'outdated.' Okmanas says that Nord's tools are rarely used for illegal or wrongful purposes. The company also has systems in place to prevent security breaches and other online threats. 'Our goal is really to connect as much people as possible to this Nord cloud network, where people could use it in a very safe way,' he said. The broad strokes of Nord's growth are remarkable: in 2022, 10 years after its founding, it achieved unicorn status, has over 15 million users worldwide, and is one of Lithuania's most well-known companies (Vinted is another one). Okmanas said Nord has seen 'tremendous growth' over the years. In September 2023, the company raised $100 million at a $3 billion valuation, nearly double the amount it raised when it became a unicorn a year earlier. The company has been out shopping to help with its expansion. It announced a merger with Surfshark in 2022 and purchased competitor IronWall this year, helping Nord grow its clout in cybersecurity and beyond. Most of Nord's user base is centered in the U.S. and spans a wide age range, while the rest of its customers are a mixed bag of average internet users and small and medium-sized businesses. Nord has made its presence felt—it's not unusual to stumble on its ads while listening to a podcast or watching a YouTube or TikTok video (its VPN was spotted being used by rapper Drake, Bloomberg reported). Okmanas says this is a deliberate effort to educate more people on Nord's online tools. That's just one of the many ways the company spends to get new customers on board as online threats continue to loom. 'We spend hundreds of millions of dollars for our customer acquisition, and it works. Users see the value, and we're very happy,' Okmanas said. Nord has another building coming up in Vilnius as it continues to expand its business. For companies of a big enough scale as Nord, an IPO seems like the natural next step (at least that's what Airbnb and Uber did, and it's one of the avenues companies are lured to). But Nord doesn't see it that way. Their goal is IPO readiness but not necessarily to go public immediately, as it's a good barometer of where the company stands. 'We have big ambitions but don't need that to do an IPO,' Okmanas said. Nord may have started small, but it has been profitable on a cash flow basis since the beginning. It turned EBITDA-positive last year. He said Nord is under no deadline but wants to prepare it so that it's ready for an IPO at the 'press of a button.' 'But for sure, we don't need it, and we won't do it in the next six months or a year,' the co-CEO said. 'We're in a very lucky position where we're growing extremely fast, and we're very profitable.' A version of this story was originally published on on Sep. 30, 2024. This story was originally featured on Sign in to access your portfolio
Yahoo
27-02-2025
- Business
- Yahoo
Revolut operating illegally in Ukraine without required license, National Bank says
London-based digital bank Revolut has not obtained the required license to conduct banking activities in Ukraine, the National Bank of Ukraine (NBU) said in a press release on Feb. 27. According to Ukrainian banking law, a foreign bank can only operate in Ukraine if it opens a local branch or obtains a banking license. This process must first be approved by the NBU, the bank said in the press release. Revolut officially launched its services in Ukraine on Feb. 11, offering Ukrainian residents access to features like instant, free transfers between app users by setting up a European Revolut account. Revolut said its services for Ukrainian residents were provided by Revolut Bank UAB, a Lithuania-based bank supervised by the European Central Bank and the Bank of Lithuania. The NBU argues that while this license allows Revolut to operate in EU countries, the fintech company has not applied for a license to operate in Ukraine as required by law. "We support open competition and financial technology development, but all market players must follow legal and regulatory requirements," the NBU wrote. The Ukrainian regulator also warned that Revolut customers in Ukraine will not be protected by local laws on financial consumer rights or deposit guarantees. Revolut is a British multinational neobank and fintech company, co-founded by Ukrainian tech entrepreneur Vlad Yatsenko and Russian-born Nikolai Storonsky, who renounced his Russian citizenship after Russia's full-scale invasion of Ukraine. The company has also stopped all operations in Russia and Belarus. Read also: Exclusive: The full text of the US-Ukraine mineral deal We've been working hard to bring you independent, locally-sourced news from Ukraine. Consider supporting the Kyiv Independent.
Al Arabiya
12-02-2025
- Politics
- Al Arabiya
Belarus releases three detainees, including an American, White House says
Three detainees have been released from detention in Belarus, including one American, the White House said on Wednesday, without naming those who were released. 'We can confirm the safe release of one American and two individuals from Belarus,' White House press secretary Karoline Leavitt told reporters. The State Department did not immediately respond to a request for comment. The Russian and Belarusian embassies in Washington also did not immediately respond to requests for comment. The release comes after US Secretary of State Marco Rubio said last month that Belarus had 'unilaterally released an innocent American', whom he named as Anastassia Nuhfer. He gave no further details about the case, which had not previously been made public. A person familiar with efforts to bring home American detainees held abroad said another American remains imprisoned in Belarus. The source said Youras Ziankovich, a 47-year-old naturalized American who lives in Texas, was arrested in April 2021 while having lunch in Moscow and had not been released on Wednesday. Ziankovich was hooded, handcuffed and driven to Belarus, where he was tried in secret and sent to prison for allegedly plotting a coup, the source said, adding that he was allowed his first visit from Lithuania-based US diplomats on January 5. The release of detainees from Belarus comes after American schoolteacher Marc Fogel was released by Russia after 3-1/2 years in prison. Fogel, 63, was serving a 14-year sentence for drug smuggling after being caught at a Moscow airport with a small amount of marijuana. He was flown on Tuesday to Washington, where he celebrated his release with Trump at the White House on Tuesday.
Yahoo
10-02-2025
- Business
- Yahoo
Content Delivery Network Market Analysis and Competitive Landscape Report 2025, with Akamai Technologies, Microsoft, Google, AT&T, Amazon Web Services and More
Content Delivery Network Market Dublin, Feb. 10, 2025 (GLOBE NEWSWIRE) -- The "Content Delivery Network Market Report 2025" has been added to content delivery network market size has grown rapidly in recent years, from $25.8 billion in 2024 to $30.11 billion in 2025 at a compound annual growth rate (CAGR) of 16.7%. The growth in the historic period can be attributed to internet traffic growth, globalization of internet services, mobile internet usage, user experience optimization, security content delivery network market size is expected to see exponential growth in the next few years. It will grow to $65.65 billion in 2029 at a compound annual growth rate (CAGR) of 21.5%. The growth in the forecast period can be attributed to dynamic content personalization, quality of service improvements, interactive content delivery, content streaming standardization, global events and peak traffic handling. Major trends in the forecast period include rise in online content consumption, security features and DDOS mitigation, multi-cloud CDN deployments, video streaming optimization, mobile content delivery optimization, application programming interface (API) protection, global expansion of CDN networks. The increase in usage of the internet and smart devices is expected to propel the growth of the content delivery network market. The number of smartphone users has increased significantly over the world due to its ease and the services offered. These services provide door-to-door services to their users which makes them convenient for use. Smartphones have access to the internet that provides a better outlook on the various social media applications where content is generated and uploaded every second. According to Bankmycell, a buyback mobile store in the USA, in 2022, the number of smartphones users are 6. 648 billion globally is 83. 89 % of the population. Moreover, there are 7. 92 billion mobile connections in the world. It is predicted that by 2025, 72 % of all internet users will access the internet only through their smartphones. Such rising usage of the internet and smart devices is expected to drive the content delivery network market increased number of connected television (TVs) is expected to drive the growth of content delivery network market. Connected TVs, also known as smart TVs, refer to television sets equipped with internet connectivity and the ability to access online content and services. Connected TVs use content delivery network for better streaming services, OTT content, interactive advertisement, and enhanced live streaming. For instance, in April 2023 according to Eskimi, a Lithuania-based advertising services provider, in 2022, the count of monthly connected TV users within the Millennial demographic stood at 60. 5 million, and it is projected to increase to 62. 6 million by 2025, reflecting a growth of 2. 1 million. Furthermore, 87% of US TV households possess at least one Internet-connected TV device, encompassing smart TVs, standalone streaming devices, connected video game systems, or connected Blu-ray players. Therefore, the increased number of connected TVs is expected to propel the growth of content delivery network market going companies in the content delivery network market are focused on developing advanced technologies, such as M-Files Smart Migration, to better serve customers with enhanced features. This solution optimizes data transfer and ensures smooth integration during platform upgrades, consolidations, or cloud transitions, reducing downtime and maintaining data integrity. For example, in January 2022, M-Files Corporation, a US-based provider of content services platforms, launched M-Files Smart Migration. This intelligent service combines M-Files' advanced information management capabilities with metadata-driven automation, aiming to assist customers in migrating their information onto the M-Files platform more intelligently and cost-effectively. A standout feature of smart migration is its seamless and systematic process for migrating documents from external repositories to M-Files. This allows customers to easily classify and enhance the migrated content with metadata. The tool emphasizes meaningful content, facilitates immediate insights from migrated data, and empowers organizations to improve efficiencies and drive business companies operating in the content delivery network market include Akamai Technologies, Microsoft, Google,AT&T Inc., Amazon Web Services Inc., Limelight Networks, Fastly Inc., Cloudflare Inc.,Verizon Communications Inc., IBM, Tata Communications Ltd., OnApp Limited,Quantil Inc., Alibaba. com, CenturyLink Technology Singapore Pte. Ltd, Lumen Technologies, StackPath LLC., Deutsche Telekom AG, G-Core Labs S. A, Rackspace Technology, Tencent Cloud, iScaler Ltd., Imperva Inc., CDNetworks Co. Ltd., Sucuri Inc., Leaseweb and Internap report focuses on content delivery network market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography. Markets Covered: By Content Type: Static Content; Dynamic Content By Component: Solution; Services By Provider Type: Traditional CDN; Cloud CDN; P2P CDN; Telecom CDN By End-User: Media And Entertainment; Advertising; E-Commerce; Healthcare; Business And Financial Services; Research And Education; Other End-users Subsegments: By Static Content: Images; Videos; HTML Or CSS Or JavaScript Files; Software Downloads By Dynamic Content: Web Applications; API Responses; Personalized Content; Real-Time Data Feeds Key Attributes: Report Attribute Details No. of Pages 200 Forecast Period 2025 - 2029 Estimated Market Value (USD) in 2025 $30.11 Billion Forecasted Market Value (USD) by 2029 $65.65 Billion Compound Annual Growth Rate 21.5% Regions Covered Global Key Topics Covered: 1. Executive Summary2. Content Delivery Network Market Characteristics3. Content Delivery Network Market Trends And Strategies4. Content Delivery Network Market - Macro Economic Scenario Including The Impact Of Interest Rates, Inflation, Geopolitics And Covid And Recovery On The Market5. Global Content Delivery Network Growth Analysis And Strategic Analysis Framework5.1. Global Content Delivery Network PESTEL Analysis (Political, Social, Technological, Environmental and Legal Factors, Drivers and Restraints)5.2. Analysis Of End Use Industries5.3. Global Content Delivery Network Market Growth Rate Analysis5.4. Global Content Delivery Network Historic Market Size and Growth, 2019 - 2024, Value ($ Billion)5.5. Global Content Delivery Network Forecast Market Size and Growth, 2024 - 2029, 2034F, Value ($ Billion)5.6. Global Content Delivery Network Total Addressable Market (TAM)6. Content Delivery Network Market Segmentation6.1. Global Content Delivery Network Market, Segmentation By Content Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion Static Content Dynamic Content 6.2. Global Content Delivery Network Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion Solution Services 6.3. Global Content Delivery Network Market, Segmentation By Provider Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion Traditional CDN Cloud CDN P2P CDN Telecom CDN 6.4. Global Content Delivery Network Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion Media And Entertainment Advertising E-Commerce Healthcare Business And Financial Services Research And Education Other End-users 6.5. Global Content Delivery Network Market, Sub-Segmentation Of Static Content, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion Images Videos HTML Or CSS Or JavaScript Files Software Downloads 6.6. Global Content Delivery Network Market, Sub-Segmentation Of Dynamic Content, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion Web Applications API Responses Personalized Content Real-Time Data Feeds 7. Content Delivery Network Market Regional And Country Analysis7.1. Global Content Delivery Network Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion7.2. Global Content Delivery Network Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion8-29. Country Specific Asia-Pacific Content Delivery Network Analysis30. Content Delivery Network Market Competitive Landscape And Company Profiles30.1. Content Delivery Network Market Competitive Landscape30.2. Content Delivery Network Market Company Profiles Akamai Technologies Microsoft Google AT&T Amazon Web Services 31. Content Delivery Network Market Other Major And Innovative Companies Limelight Networks Fastly Inc. Cloudflare Inc. Verizon Communications Inc. IBM Tata Communications Ltd. OnApp Limited Quantil Inc. Alibaba. com CenturyLink Technology Singapore Pte. Ltd Lumen Technologies StackPath Deutsche Telekom G-Core Labs S. A Rackspace Technology 32. Global Content Delivery Network Market Competitive Benchmarking And Dashboard33. Key Mergers And Acquisitions In The Content Delivery Network Market34. Recent Developments In The Content Delivery Network Market35. Content Delivery Network Market High Potential Countries, Segments and StrategiesFor more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Content Delivery Network Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
Yahoo
10-02-2025
- Business
- Yahoo
Content Delivery Network Market Analysis and Competitive Landscape Report 2025, with Akamai Technologies, Microsoft, Google, AT&T, Amazon Web Services and More
Content Delivery Network Market Dublin, Feb. 10, 2025 (GLOBE NEWSWIRE) -- The "Content Delivery Network Market Report 2025" has been added to content delivery network market size has grown rapidly in recent years, from $25.8 billion in 2024 to $30.11 billion in 2025 at a compound annual growth rate (CAGR) of 16.7%. The growth in the historic period can be attributed to internet traffic growth, globalization of internet services, mobile internet usage, user experience optimization, security content delivery network market size is expected to see exponential growth in the next few years. It will grow to $65.65 billion in 2029 at a compound annual growth rate (CAGR) of 21.5%. The growth in the forecast period can be attributed to dynamic content personalization, quality of service improvements, interactive content delivery, content streaming standardization, global events and peak traffic handling. Major trends in the forecast period include rise in online content consumption, security features and DDOS mitigation, multi-cloud CDN deployments, video streaming optimization, mobile content delivery optimization, application programming interface (API) protection, global expansion of CDN networks. The increase in usage of the internet and smart devices is expected to propel the growth of the content delivery network market. The number of smartphone users has increased significantly over the world due to its ease and the services offered. These services provide door-to-door services to their users which makes them convenient for use. Smartphones have access to the internet that provides a better outlook on the various social media applications where content is generated and uploaded every second. According to Bankmycell, a buyback mobile store in the USA, in 2022, the number of smartphones users are 6. 648 billion globally is 83. 89 % of the population. Moreover, there are 7. 92 billion mobile connections in the world. It is predicted that by 2025, 72 % of all internet users will access the internet only through their smartphones. Such rising usage of the internet and smart devices is expected to drive the content delivery network market increased number of connected television (TVs) is expected to drive the growth of content delivery network market. Connected TVs, also known as smart TVs, refer to television sets equipped with internet connectivity and the ability to access online content and services. Connected TVs use content delivery network for better streaming services, OTT content, interactive advertisement, and enhanced live streaming. For instance, in April 2023 according to Eskimi, a Lithuania-based advertising services provider, in 2022, the count of monthly connected TV users within the Millennial demographic stood at 60. 5 million, and it is projected to increase to 62. 6 million by 2025, reflecting a growth of 2. 1 million. Furthermore, 87% of US TV households possess at least one Internet-connected TV device, encompassing smart TVs, standalone streaming devices, connected video game systems, or connected Blu-ray players. Therefore, the increased number of connected TVs is expected to propel the growth of content delivery network market going companies in the content delivery network market are focused on developing advanced technologies, such as M-Files Smart Migration, to better serve customers with enhanced features. This solution optimizes data transfer and ensures smooth integration during platform upgrades, consolidations, or cloud transitions, reducing downtime and maintaining data integrity. For example, in January 2022, M-Files Corporation, a US-based provider of content services platforms, launched M-Files Smart Migration. This intelligent service combines M-Files' advanced information management capabilities with metadata-driven automation, aiming to assist customers in migrating their information onto the M-Files platform more intelligently and cost-effectively. A standout feature of smart migration is its seamless and systematic process for migrating documents from external repositories to M-Files. This allows customers to easily classify and enhance the migrated content with metadata. The tool emphasizes meaningful content, facilitates immediate insights from migrated data, and empowers organizations to improve efficiencies and drive business companies operating in the content delivery network market include Akamai Technologies, Microsoft, Google,AT&T Inc., Amazon Web Services Inc., Limelight Networks, Fastly Inc., Cloudflare Inc.,Verizon Communications Inc., IBM, Tata Communications Ltd., OnApp Limited,Quantil Inc., Alibaba. com, CenturyLink Technology Singapore Pte. Ltd, Lumen Technologies, StackPath LLC., Deutsche Telekom AG, G-Core Labs S. A, Rackspace Technology, Tencent Cloud, iScaler Ltd., Imperva Inc., CDNetworks Co. Ltd., Sucuri Inc., Leaseweb and Internap report focuses on content delivery network market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography. Markets Covered: By Content Type: Static Content; Dynamic Content By Component: Solution; Services By Provider Type: Traditional CDN; Cloud CDN; P2P CDN; Telecom CDN By End-User: Media And Entertainment; Advertising; E-Commerce; Healthcare; Business And Financial Services; Research And Education; Other End-users Subsegments: By Static Content: Images; Videos; HTML Or CSS Or JavaScript Files; Software Downloads By Dynamic Content: Web Applications; API Responses; Personalized Content; Real-Time Data Feeds Key Attributes: Report Attribute Details No. of Pages 200 Forecast Period 2025 - 2029 Estimated Market Value (USD) in 2025 $30.11 Billion Forecasted Market Value (USD) by 2029 $65.65 Billion Compound Annual Growth Rate 21.5% Regions Covered Global Key Topics Covered: 1. Executive Summary2. Content Delivery Network Market Characteristics3. Content Delivery Network Market Trends And Strategies4. Content Delivery Network Market - Macro Economic Scenario Including The Impact Of Interest Rates, Inflation, Geopolitics And Covid And Recovery On The Market5. Global Content Delivery Network Growth Analysis And Strategic Analysis Framework5.1. Global Content Delivery Network PESTEL Analysis (Political, Social, Technological, Environmental and Legal Factors, Drivers and Restraints)5.2. Analysis Of End Use Industries5.3. Global Content Delivery Network Market Growth Rate Analysis5.4. Global Content Delivery Network Historic Market Size and Growth, 2019 - 2024, Value ($ Billion)5.5. Global Content Delivery Network Forecast Market Size and Growth, 2024 - 2029, 2034F, Value ($ Billion)5.6. Global Content Delivery Network Total Addressable Market (TAM)6. Content Delivery Network Market Segmentation6.1. Global Content Delivery Network Market, Segmentation By Content Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion Static Content Dynamic Content 6.2. Global Content Delivery Network Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion Solution Services 6.3. Global Content Delivery Network Market, Segmentation By Provider Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion Traditional CDN Cloud CDN P2P CDN Telecom CDN 6.4. Global Content Delivery Network Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion Media And Entertainment Advertising E-Commerce Healthcare Business And Financial Services Research And Education Other End-users 6.5. Global Content Delivery Network Market, Sub-Segmentation Of Static Content, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion Images Videos HTML Or CSS Or JavaScript Files Software Downloads 6.6. Global Content Delivery Network Market, Sub-Segmentation Of Dynamic Content, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion Web Applications API Responses Personalized Content Real-Time Data Feeds 7. Content Delivery Network Market Regional And Country Analysis7.1. Global Content Delivery Network Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion7.2. Global Content Delivery Network Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion8-29. Country Specific Asia-Pacific Content Delivery Network Analysis30. Content Delivery Network Market Competitive Landscape And Company Profiles30.1. Content Delivery Network Market Competitive Landscape30.2. Content Delivery Network Market Company Profiles Akamai Technologies Microsoft Google AT&T Amazon Web Services 31. Content Delivery Network Market Other Major And Innovative Companies Limelight Networks Fastly Inc. Cloudflare Inc. Verizon Communications Inc. IBM Tata Communications Ltd. OnApp Limited Quantil Inc. Alibaba. com CenturyLink Technology Singapore Pte. Ltd Lumen Technologies StackPath Deutsche Telekom G-Core Labs S. A Rackspace Technology 32. Global Content Delivery Network Market Competitive Benchmarking And Dashboard33. Key Mergers And Acquisitions In The Content Delivery Network Market34. Recent Developments In The Content Delivery Network Market35. Content Delivery Network Market High Potential Countries, Segments and StrategiesFor more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Content Delivery Network Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Sign in to access your portfolio
