Concurrent Taps Silicon Valley Entrepreneurs for Video Delivery Team

Oct 11, 2010, 11:33 ET from Concurrent

ATLANTA, Oct. 11 /PRNewswire-FirstCall/ -- Concurrent (Nasdaq: CCUR), a worldwide leader in video and media data and advertising solutions, today announced the appointment of two industry veterans to the company's video delivery team. Kshitij Kumar and Dr. Ram Srinivasan both join Concurrent from TellyTopia, one of the world's first companies to bring user-generated and Internet hosted video directly to TV over service providers' existing network infrastructures. Mr. Kumar was appointed as Vice President of Commercial Solutions for Video Solutions and Dr. Srinivasan becomes Concurrent's Chief Architect of Video Solutions.

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"We are thrilled to add two entrepreneurial, industry visionaries to our team," said Dan Mondor, President and CEO of Concurrent. "As co-founders of a company that pushed the boundaries of video delivery, Kshitij and Dr. Ram bring invaluable experience and creativity to our organization. We are excited to work with them to strengthen our own video technology platform with the technology we also recently acquired from TellyTopia."

In September 2010, Concurrent announced the purchase and addition of TellyTopia's patent-pending, cloud-based, online video platform to Concurrent's multi-screen portfolio. This technology further extends the company's leadership in multi-screen video delivery, advertising and media data management. Mr. Kumar and Dr. Srinivasan joined Concurrent following this technology acquisition.

"I have long admired the creativity and passion with which Concurrent attacks the challenges in video delivery, such as the Start-Over," said Kshitij Kumar, Vice President of Commercial Solutions for Video Solutions at Concurrent. "As a new member of the video solutions team at Concurrent, my goal is to help lead the company into developing and deploying innovative video solutions for customers across multiple screens."

Mr. Kumar comes to Concurrent with almost two decades of leadership experience in the telecom, video and Internet industries. In addition to TellyTopia, he has founded and co-founded several startups, including CanadaFlix (a precursor to the Netflix), Renaissance Systems and Lantern Canada. Mr. Kumar was also the key force behind turning around an ailing Lantern and enabling its eventual sale to C-COR. Mr. Kumar started his career at C-DoT, helping build the first generation of Indian Digital Switching Systems for Telephony. Later, he became a key Technical Leader at Nortel in Ottawa, Canada, designing cutting edge Object Oriented Voice Switching Systems and Nortel's Terabit Optical Core MPLS Router product.

Mr. Kumar holds an M.S. in Computer Science from the University of Victoria, Canada and a B.Tech. in Computer Science from National Institute of Technology, Bhopal, India, where he received the Chancellors medal for being ranked first at graduation in the University.

"In today's consumer-driven society, the companies who evolve the fastest to meet the rising demand for video are those who will succeed," said Dr. Ram Srinivasan, Chief Architect of Video Solutions. "We are excited to join technology and leadership forces with Concurrent and bring about a new evolution of video delivery and monetization."

Dr. Srinivasan brings a blend of global business and technology experience to Concurrent in areas such as mass customization, vertical search, digital TV, online shopping, and digital mapping. He has over 25 years of experience in various functions, developing innovative ideas and transforming them to create successful business. Dr. Srinivasan was responsible for technology strategy and product development at TellyTopia. He was CEO of FitMe, a startup that led disruptive technologies to enable mass customization of lifestyle solutions. He has held leadership positions at C-Cube, a pioneer in digital television headend systems and consumer set tops for the satellite and cable markets.

Dr. Srinivasan graduated from Stanford's Advanced Management College. He holds a Ph.D. and M.S. in Electrical Engineering from the University of Texas (Arlington), and a B.Tech. in Electronics and Communications Engineering from the National Institute of Technology in Warangal, India.

About Concurrent

Concurrent (NASDAQ: CCUR) is a global leader in innovative solutions that enable the seamless delivery, management and monetization of video on any screen. Built on a solid foundation of video firsts and Emmy® Award winning technology, Concurrent's screen-independent video delivery and media data solutions create a truly holistic, 360-degree view of the consumer video experience. By harnessing the full potential of video, Concurrent provides customers in the cable, telco, wireless, web, advertising and content development industries with new revenue opportunities such as advanced advertising. 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 is a global company with offices in North America, Europe and Asia.  For more information, please visit www.ccur.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 on August 31, 2010, 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.

Concurrent, Concurrent Computer Corporation and its logo are registered trademarks of Concurrent. All other Concurrent product names are trademarks of Concurrent, while all other product names are trademarks or registered trademarks of their respective owners.

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