Concurrent Extends Multi-Screen Leadership around the Globe
ATLANTA, Sept. 10 /PRNewswire-FirstCall/ — Concurrent (Nasdaq: CCUR), a worldwide leader in video and media data and advertising solutions, is announcing the international extension of its three-screen strategy to bring open, commercial and intelligent video solutions to television, personal computers and mobile devices. First announced in the U.S. in March 2009, Concurrent’s strategy now leverages the company’s technological expertise to enable its customers to deliver, monetize and drive the future of video around the globe.
“Today’s consumer wants the flexibility to access high-quality video content whenever they want, on the device of their choice,” stated Dan Mondor, president and CEO, Concurrent. “We help multi-screen operators to deliver new video applications without substantial infrastructure upgrades. Concurrent’s singular purpose is to enable our customers to attract and retain subscribers, capitalize on existing and emerging video services and create new business models for commercializing content.”
Concurrent continues to successfully execute on its three-screen roadmap with a number of recent wins and industry firsts. In addition to establishing a partnership with Rentrak in June 2009 to provide the industry’s first full-scale approach to collecting media data across all three screens, Concurrent recently announced the Central Data Warehouse (CDW), the industry’s first centralized data warehouse solution that allows broadband operators to consolidate the collection, storage and correlation of census-level media data from multiple platforms. In addition, Concurrent recently announced video to the PC capability, which allows broadband subscribers to access both live broadcast video and on-demand content through a PC.
Within the coming months, Concurrent will be releasing the next generation of its MediaHawk(R) platform, which will introduce a number of capacity and density improvements that can increase ingest capacity and storage density by up to 50 percent. The new platform builds on the success of Concurrent’s Emmy(R) Award winning video on demand (VOD) and time-shifted TV applications.
Concurrent is teaming with leading operators who have invested significant capital resources in VOD and other services more frequently deployed in Europe and Asia, such as Internet Protocol TV (IPTV). The newest deployment under Concurrent’s global three-screen strategy is the recently announced customer agreement with European operator ZON TV Cabo to deploy Concurrent’s MDAS as a managed service. ZON currently uses Concurrent’s MediaHawk content delivery system for VOD.
At this year’s IBC show in Amsterdam, September 11-15, 2009, in Hall 5, Stand B16, Concurrent will showcase several significant updates to its portfolio that support this enhanced three-screen strategy, including:
- Video to the PC
- Video to the mobile device
- Advanced video applications
- MDAS media data management, interactivity, operational reporting and advanced advertising
Concurrent’s solutions are deployed by major service providers in 265 markets worldwide, supporting over 37 million digital households, and collecting and correlating data from over 700 million transactions per month.
Concurrent (Nasdaq: CCUR) is a global leader in innovative solutions that enable the seamless delivery, management and monetization of video on any screen. Built on a solid foundation of video firsts and Emmy(R) Award winning technology, Concurrent’s screen-independent video delivery and media data solutions create a truly holistic, 360-degree view of the consumer video experience. By harnessing the full potential of video, Concurrent provides customers in the cable, telco, wireless, web, advertising and content development industries with new revenue opportunities such as advanced advertising. Concurrent’s video solutions are built upon a rich heritage of high-performance real-time technology, which also powers solutions for the defense, aerospace, automotive and financial industries.
Concurrent is a global company with offices in North America, Europe and Asia. For more information, please visit www.ccur.com.
Certain statements made or incorporated by reference in this release may constitute “forward-looking statements” within the meaning of the federal securities laws. Statements regarding future events and development and our future performance, as well as our expectations, beliefs, plans, estimates, or projections relating to the future, are forward-looking statements within the meaning of these laws. These forward looking statements include, among others, statements regarding our products and product development. All forward-looking statements are subject to certain risks and uncertainties that could cause actual events to differ materially from those projected. Such risks and uncertainties include our ability to meet customer schedules and demands and deployment and integration goals.
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