|By Business Wire||
|July 16, 2014 09:03 AM EDT||
Concurrent (NASDAQ:CCUR), a global leader in multi-screen video delivery and media data intelligence solutions, today unveiled a new software-based video solution that enables fixed-line and mobile broadband operators to boost the performance of over-the-top (OTT) video services, while also creating new revenue opportunities and reducing operational costs. With growing consumer demand for online video, communications service providers (CSPs) are facing increased traffic across their core, metro, and access networks. Video traffic associated with services like Netflix®, Apple TV®, YouTube®, and Amazon Prime Instant Video has resulted in increased network congestion, rising Internet peering costs, and added transit expenses for service providers. In response, CSPs are demanding solutions that both reduce costs by more efficiently managing third party traffic on their networks and generate revenue by enabling them to participate in the value chain associated with OTT video streaming services.
Concurrent’s next-generation transparent caching solution optimizes the online video traffic being delivered over service providers’ high speed data networks, while creating new revenue generation opportunities. Using Concurrent’s system, service providers can analyze Internet traffic in real-time to identify the most popular streaming video content and software downloads, including Apple iOS®, Google Android™, and Microsoft Windows® updates. Popular content is cached at the edge of the service provider’s network to enable subsequent consumer requests for the same content to be served locally, resulting in network bandwidth savings, faster data services, improved video quality, and enhanced service consistency. In addition, Concurrent’s solution offers a variety of advanced features that enable service providers to offer value added services such as content acceleration, content adaptation, and broad-spectrum audience measurement that spans multiple online services. As part of its unified solution portfolio, Concurrent’s transparent caching software is integrated with its market leading multi-screen content delivery solution, providing customers with a common architecture for deploying on-net, off-net, and enhanced OTT video services.
"For too long, CSPs have perceived online video to be a traffic problem rather than a business opportunity. As online video continues to proliferate, service providers have continued to struggle to optimize their networks to handle the increasing volume of video while trying to launch their own multiscreen video services to subscribers,” said Frost & Sullivan’s Mukul Krishna, Senior Global Director, Digital Media. “Frost & Sullivan's research on the emerging Global Transparent Caching Market has shown tremendous potential for rapid market growth, with market revenues to exceed half a billion dollars over the next three years at a robust 30 plus percent CAGR (Compound Annual Growth Rate). This growth is expected to be powered by CSPs’ investment in technologies to not only better manage their networks for video, but also eventually launch their own CDNs, as any business model for online video hinges on quality of experience and quality of service."
“The demand for OTT services continues to rise, presenting broadband service operators with new challenges and new opportunities,” said Dan Mondor, President and CEO of Concurrent. “Concurrent’s transparent caching solution delivers more than just cost savings. We have introduced a host of new features that enable revenue generation. By improving quality of service, offering improved service consistency, and exposing better, more insightful audience measurement data, Concurrent positions service providers to play a central role in the value chain associated with OTT video streaming services.”
Concurrent’s transparent caching solution consists of an intelligent edge caching server, an Internet traffic analyzer, an integrated policy control system, and a video analytics package. The solution can be deployed as a stand-alone system or as part of Concurrent’s unified content delivery solution on the same hardware infrastructure. Customers already using Concurrent’s unified content delivery solution can apply a software upgrade to add transparent caching features to their current deployments. Concurrent will be conducting transparent caching trials with major service providers this summer.
Concurrent (NASDAQ: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 multichannel video service providers have selected Concurrent to deliver 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. Follow us on Twitter at @Concurrent_CCUR.
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 September 17, 2013, 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. 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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