Concurrent Adds Transcoding to Its Multi-Screen Solution Portfolio
Partners with Imagine Communications to Launch Ultra High-Density Transcoder
ATLANTA--(BUSINESS WIRE)-- Concurrent (NAS: CCUR) , a global leader in multi-screen video delivery and media data intelligence solutions, today announced a strategic partnership and global reseller relationship with Imagine Communications, a leading innovator in advanced digital video solutions. Concurrent will pair its eFactor™ dynamic content adaptation software with Imagine Communications' transcoding products to deliver high quality video in any format, to any screen, over any network.
The worldwide market for multi-format transcoders is projected to reach US $695 million by 2018, according to leading market research firm Global Industry Analysts, Inc. Concurrent will use its global sales force to serve this growing market and expand its customer base. Adding transcoding to its suite of solutions enables Concurrent to provide a more complete solution to its customers, reduce system integration challenges, and streamline the process of launching new multi-screen applications.
Concurrent will introduce the following products to its portfolio of market leading video solutions:
next: Dense Transcoder, an ultra high-density real-time transcoding solution designed for multi-screen video applications. The next: platform supports the leading adaptive bit rate formats, including Apple®'s HTTP Live Streaming (HLS), Microsoft®'s Smooth Streaming (MSS), and Adobe®'s HTTP Dynamic Streaming (HDS). With its industry leading density and video processing performance, the next: solution features an unparalleled price-to-performance ratio and the ability to cost effectively support on-demand transcoding at the edge of the network.
ICE Video Platform, a multi-codec encoding, transcoding and multiplexing solution enabling system operators to carry more HD and SD digital broadcast services across existing Cable and IPTV networks without sacrificing video quality.
"Imagine is excited to partner with an industry leader like Concurrent and jointly provide a truly unique set of solutions for delivering on the promise of PersonalizedTV®," said Richard Stanfield, Imagine's CEO. "The next: Dense Transcoding platform makes possible an entirely new way of optimizing transcode, storage and streaming network resources, and partnerships like this one are a key component of our success."
"We are pleased to be working with Imagine Communications to serve the growing multi-format transcoder market," said Dan Mondor, Concurrent's President and CEO. "By combining our market leading video delivery solutions with Imagine's next generation transcoding technology, we believe we can create a more efficient and flexible way to stream content to any device."
Concurrent and Imagine will be attending The Cable Show 2013 (June 10-12, Washington, D.C.) to discuss the solution set and strategic partnership with customers. To schedule a meeting, please visit this page.
Concurrent (NAS: CCUR) is a global leader in video, media data intelligence and real-time Linux® solutions. Concurrent provides customers with transformative solutions to fuel their business beyond what was thought possible. Concurrent's unified video delivery and media data intelligence solutions support every screen simultaneously, making it easier for cable MSOs, fixed-line telecommunications providers, mobile operators, online media companies and satellite TV broadcasters to deliver revenue generating video services to consumers on any device, over any network. The world's leading telecommunication and online media companies have selected Concurrent to provide the solutions and services required to support their next-generation multi-screen video initiatives. Concurrent's Emmy® award-winning video solutions are based upon a rich heritage of high-performance real-time technology. Concurrent's real-time Linux solutions are used to support applications in the defense, aerospace, automotive and financial industries. Concurrent has offices in North America, Europe and Asia. Visit www.ccur.com for further information and follow us on Twitter: www.twitter.com/Concurrent_CCUR.
About Imagine Communications
Imagine Communications is a leading innovator in digital video solutions, enabling content providers and system operators to deliver bandwidth-intensive services with optimum video quality and Quality of Experience (QoE). Imagine's products serve the digital IPTV and broadcast markets as well as emerging PersonalizedTV applications such as Multiscreen TV Anywhere, Network PVR (nPVR) and Mobile Video. Imagine is based in San Diego, California with R&D in Israel. Imagine's management team includes industry leaders with decades of experience delivering innovations in video communications. For more information, visit www.imaginecommunications.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.
Important risk factors are discussed in our Form 10-K filed with the Securities and Exchange Commission ("SEC") on August 28, 2012, and may be discussed in subsequent periodic reports filed with the SEC. The risk factors discussed in such Form 10-K and subsequently filed periodic reports under the heading "Risk Factors" are specifically incorporated by reference in this press release.Our forward-looking statements are based on current expectations and speak only as of the date of such statements. We undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of future events, new information, or otherwise.
Concurrent Computer Corporation and its logo are registered trademarks of Concurrent. All other Concurrent product names are trademarks or registered trademarks of Concurrent, while all other product names are trademarks or registered trademarks of their respective owners.
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