Deutsche Telekom And Magisto Partner; Millions of Europeans to Share Personal Video Memories in Real-time Magisto Availability on European High Speed LTE Network Expands Worldwide Effort
BARCELONA, Spain, Feb. 24, 2014 /PRNewswire/ -- MWC -- Magisto, leading video storytelling platform, today announced a new distribution deal with European telecommunications giant Deutsche Telekom, another global announcement that reflects growing interest in Magisto around the world.
This strategic partnership between Deutsche Telekom and Magisto will deliver the award-winning Magisto app to millions of Deutsche Telekom's European customers.
Magisto uses artificial intelligence to deliver an automatic mobile solution for creating and sharing professional quality videos. This ability for DT customers to capture and share their personal memories with their mobile devices will be even more powerful when using the recently announced DT LTE-Advanced or LTE+ network.
"The power and speed of our LTE network is available to millions of our customers across Europe, but the promise of the network's speed and ease of use is only fully realized with applications that enhance people's lives and keeping families connected," said Marc Sommer, Vice President Marketing for Europe at Deutsche Telekom. "Loyal to our 'Life is For Sharing' promise, we strive to give our customers new and exciting ways to share and engage with their friends and families. Magisto makes sharing life moments easy, fun and immediate, so we anticipate that our customers will eagerly create and share using Magisto."
Last week, Magisto disclosed a revealing increase in users in the closing months of 2013. The company said it has over 20 million registered users now, attracting 10 million new users since September, and more than 15 million users since last March.
"Partnering with Deutsche Telekom AG has been a great experience. We were delighted to learn that 'easy to partner' is not an empty statement, and that a global operator can move at start-up speeds," said Oren Boiman, CEO of Magisto. "Being able to provide T-Mobile users with a way to share videos over the most reliable network in Europe means enabling millions of meaningful interactions and the optimal experience for Magisto users."
Please visit Magisto at Mobile World Congress:
The Israeli Pavilion
Hall 5: in 5F81
Qualcomm Ventures on 2/25
Hall 3, Booth #E310 Station 28 of the Fira Gran Via
Driven by artificial intelligence and simple user experience, Magisto is a cloud-based mobile technology service for creating and sharing beautiful quality personal movies. It automatically selects the most compelling moments from ordinary videos and photos and, like an expert video editor, weaves them together to convey a story with customized styles and music. Magisto is used by millions of customers and can be accessed across iOS, Android and the Web, and is the highest-rated video creation app in the Google Play and iOS App Stores.
The company is funded by Horizons Ventures, Magma Venture Partner, Qualcomm Incorporated, through its venture capital arm, Qualcomm Ventures, and SanDisk Ventures. The company maintains its headquarters in Tel Aviv, Israel with offices in New York and California.
About Deutsche Telekom
Deutsche Telekom is one of the world's leading integrated telecommunications companies with 140 million mobile customers, over 31 million fixed-network lines and more than 17 million broadband lines (as of September 30, 2013). The Group provides products and services for the fixed network, mobile communications, the Internet and IPTV for consumers, and ICT solutions for business customers and corporate customers. Deutsche Telekom is present in around 50 countries and has 230,000 employees worldwide. The Group generated revenues of EUR 58.2 billion in the 2012 financial year – more than half of it outside Germany (as of December 31, 2012).