Two Chicago-Area Entrepreneurs Enter the Burgeoning ''Triple-Play'' Digital Media Market
Posted on: Tuesday, 16 January 2007, 09:00 CST
Two Chicago-area entrepreneurs have formed a new company that will provide "triple-play" digital media services, primarily to multi-tenant residential, commercial and mixed-use buildings in metropolitan Chicago and beyond.
CEO Scott Rediger announced today that the new company -- Access Media 3 -- provides high-speed Internet, TV and voice services with more flexibility and customer focus than pre-packaged solutions offered by competitors, most of which have headquarters outside of Chicago. The new venture merges Alsip-Ill.-based MDI Access into Access Media 3 and adds Rediger's considerable experience in developing profitable new companies. Access Media 3 is headquartered in Willowbrook, Ill.
"Access Media 3 provides a better alternative to the status quo," Rediger says. "Local property managers tell us cable upgrades in the Chicago marketplace can be costly and disruptive, with customer service providing slow response times and insufficient technical knowledge. Worse yet, there's little choice of providers and they're stuck in contracts when service fails."
Most recently the chief operating officer of Oakbrook Terrace, Ill.-based CIMCO Communications, Inc., Rediger co-founded and developed Ovation Communications before the company was sold in 1999 for $402 million to McLeodUSA. After the sale, he was a senior vice president for McLeodUSA, developing the company's still-strong presence in the Midwest.
Bob Heiderscheidt, president of the former MDI Access, continues his active involvement as partner, officer and principal of Access Media 3. He also continues to operate Midland Data-Electric Installation Co. (MDI), which builds digital media infrastructure for Access Media 3 customers. MDI Access implemented Chicago's largest residential high-rise wi-fi system at Draper and Kramer's 1130 S. Michigan building last August, linking 656 apartment units in the 43-story building. MDI Access also developed connectivity solutions for several other major Chicago-area real estate companies, which continue to be served by Access Media 3.
Rediger says the new company designs and implements tailor-made end-to-end solutions that help building managers, condo associations and developers deliver digital services residents have come to expect. In doing so, Access Media 3 meets each property's needs and requirements. For example, a building may want only high-speed Internet or satellite TV rather than triple-play; one building may prefer a wired solution due to existing infrastructure while another building may want wireless. Access Media 3 also can help buildings turn digital media offerings into revenue streams or offer them as amenities.
This flexibility is made possible by having strong alliances with companies such as McLeodUSA, which Access Media 3 can involve in projects to meet customers' needs.
The convergence of high-speed data transfer, video and voice represents a significant market with outstanding revenue growth potential. Cable, telecommunications, consumer electronics and IT companies are all moving toward delivering these digital services in an integrated fashion known as triple play.
Triple play business models will continue to emerge in 2007, according to Research and Markets, a global market research company. A range of new devices that will connect the Internet to the TV will be launched within the next few years and will require high-speed Internet access. By 2009, there will be more than 135 million VoIP (voice over IP) subscribers worldwide.
About Access Media 3
Access Media 3 provides design, installation, maintenance and management of high-speed Internet, TV and voice services to multi-tenant residential, commercial and mixed-use properties. Headquartered in Willowbrook, Ill., Access Media 3 customizes solutions to meet customer needs, using wireless, cable, phone wiring, Cat5 and fiber optics as appropriate. Access Media 3's experienced team of project managers, installers and IT professionals has successfully designed, installed and implemented network solutions in more than 6,000 apartment units, commercial businesses and condominiums in the greater Chicagoland market and beyond. www.am3inc.com
Source: Business Wire
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