ATLANTA, Sept. 6, 2011 /PRNewswire/ -- Concurrent (NASDAQ: CCUR), a worldwide leader in video, media data and advertising solutions, today announced that Kabel Deutschland (KD), Germany's largest cable provider, has signed an agreement with Concurrent to implement the MediaHawk® VX video delivery platform for its 8.7 million subscribers.
Concurrent's MediaHawk VX enables KD to deliver high quality video content to multiple screens from a unified video delivery solution. MediaHawk VX software is paired with 100% commercially available hardware to create the world's most advanced turnkey video content delivery system.
"KD's goal is to provide our customers with new and innovative video services that span an increasing array of consumer devices," said Lorenz Glatz, KD's chief technology officer. "We tested several platforms and decided on Concurrent's solution based on its performance and unique multi-screen features. We believe Concurrent's ability to support both Internet video delivery and traditional TV delivery on the same platform provides us with the flexibility to expand our business to new screens and to take advantage of more efficient content delivery models."
In merging TV-VOD and HTTP CDN functionality into a unified solution architecture, MediaHawk represents a unique solution for operators who are interested in supporting both traditional set-top box terminals as well as new IP enabled consumer devices, such as tablet computers, smartphones, IP set-top boxes, and gaming consoles. As a modular software solution, MediaHawk VX can be easily scaled to address future growth requirements and updated to meet the changing demands of a dynamic multi-screen market. Concurrent's solution will be integrated and deployed at KD in conjunction with Seachange's EventIS back office system and NDS' client solution.
"KD's selection of Concurrent substantially expands our presence in Europe, and is a confirmation of our investment in the region," said Dan Mondor, Concurrent's president and chief executive officer. "In addition to being the largest cable operator in Germany, KD is also a proven innovator, and has a well formulated strategy for the future. Concurrent is excited to be working with KD to offer their subscribers the ultimate next generation video experience."
Concurrent maintains a global sales, R&D, and professional services workforce. With offices located in Atlanta, London, Munich, Paris, Beijing, Hong Kong, and Tokyo, Concurrent is well positioned to address the growing needs of our customers around the world for innovative multi-screen video solutions.
Visit Concurrent during IBC in Amsterdam, September 9-13 at Stand #4.B78 to learn more.
About Kabel Deutschland
Kabel Deutschland (KD), Germany's largest cable operator, offers its customers digital, high definition (HD) and analogue TV, Pay TV and DVR offerings, Video-on-Demand, broadband Internet (up to 100,000 Kbit/s) and fixed line Phone services via cable as well as mobile services in cooperation with an industry partner. The publicly listed company (MDAX, MSCI Europe, Stoxx 600 Europe) operates the cable networks in 13 German federal states and supplies its services to approximately 12.7 million connected households. As per end of fiscal year 2010/2011, Kabel Deutschland had approximately 2,700 employees. In fiscal year 2010/2011 (12 months ended March 31, 2011) the Company reported revenues of euro 1,599 million and Adjusted EBITDA of euro 729 million.
Concurrent (NASDAQ: CCUR) is a global leader in multi-screen video delivery, media data management, and monetization. Built on a solid foundation of Emmy Award-winning technology, Concurrent's solutions provide consumers with ubiquitous access to content on any screen and provide media stakeholders with a holistic view of the consumer video experience. Concurrent supplies customers across the entire media ecosystem (cable, telecommunications, wireless, web, advertising, and content supplier industries) with enterprise-level CDN technology, multi-screen video delivery, monetization, media data collection and logistics solutions. 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 has offices in North America, Europe and Asia. For more information on Concurrent, visit www.ccur.com and follow us on Twitter: www.twitter.com/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 on August 30, 2011, and may be discussed in subsequent filings with the SEC. The risk factors discussed in such Form 10-K 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.
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