WEST PALM BEACH, FL--(Marketwire - Nov 12, 2012) - Olympusat Telecom a strategic business division of Olympusat Holdings, Inc., the United States market leader in the development and distribution of independent Hispanic, Specialty, and Faith & Family television networks, announced today that they have entered into a strategic partnership with KIT digital, Inc. (NASDAQ: KITD), a leading video management software and services company and Akamai Technologies, Inc. (NASDAQ: AKAM), the leading cloud platform for delivering secure, high-performing user experiences to any device. This partnership will enable Olympusat Telecom to provide their customers with the most reliable and robust video and multimedia experience for their end users on any device. KIT digital's KIT Cloud Solution and Akamai's Sola Media Solutions enable the economic online distribution of content to the broadest possible array of devices delivering rich, high-definition quality video to broadcast-scale audiences.
Through this partnership Olympusat Telecom will offer their video, television and rich media centric customers the scalability, reliability and security needed in today's hyper-connected world in addition to reducing costs by eliminating investment and maintenance on infrastructure.
"We are excited about working with KIT digital and Akamai," said C. Austin Powers, President, Olympusat Telecom. "Akamai's unparalleled knowledge and experience in content optimization and delivery across multiple devices and platforms worldwide provides us with the flexibility and reliability that we need for our entertainment television and video-centric customers and KIT digital's video management capabilities will ensure a feature rich video offering for our customers."
"Olympusat is one of only a few companies in the world who have the capability to combine leading edge platforms with their worldwide content distribution," said Laura Kaatz, Managing Director, Global Commercial Operations, KIT digital. "Olympusat Telecom is positioned perfectly to provide their unique service mix to the Media & Entertainment space and other video centric enterprises who are in need of a comprehensive solution for their online and broadcast media needs. KIT digital's video platform solutions, coupled with solutions from our partner Akamai, open up a new market for media and entertainment companies such as Olympusat Telecom."
This partnership enables Olympusat Telecom to offer a customized, cloud-based video management solution to its customers that enhances the streaming video experience for their end users, while providing unique content management features with the scalability needed to meet the surging demands of online video users worldwide. This allows Olympusat's customers to deliver robust video experiences to the high-performing edges of the cloud while seamlessly expanding their content to new multi-screen platforms and devices.
"Akamai is pleased to help Olympusat Telecom manage and deliver exemplary online video experiences to users on any device anywhere in the world," said Brad Rinklin, chief marketing officer and senior vice president of global alliances at Akamai. "With Akamai's cloud-based Sola Media solutions, Olympusat Telecom has a highly scalable platform that supports live and on-demand video delivery at the highest possible quality across devices, networks and geographies."
Under the terms of the agreement Olympusat Telecom will offer four new core services that will complement its strategic business units (television networks, distribution, video transport, digital production and telecom businesses):
- Content Delivery Network (CDN) - Akamai's cloud-based content delivery network that will enable Olympusat Telecom to push streaming video content out to the edges of their network, for a much faster, richer and better experience for their customers utilizing KIT digital's easy to use interface.
- Enhanced Storage Capabilities - Olympusat Telecom will be able to store video and media files for their customers using KIT digital's storage vault offering, which will enable customers to upload various forms of media without needing internal infrastructure.
- Video Transcoding - Olympusat Telecom will enable their customers to transcode video into different bit rates and formats using a multi-platform approach and reaching all devices.
- Digital Media Player - Olympusat Telecom customers will be able to easily publish online video, mobile video, and social video in real-time and reach audiences anywhere and everywhere in concert with their online branding strategy.
KIT Cloud and KIT Cosmos give media and entertainment companies, network operators, and non-media enterprises a comprehensive and highly flexible platform solution to produce, manage and deliver live and on-demand, socially-enabled broadband TV deployments. The KIT Cosmos platform powers Olympusat's offering, making the service feasible and efficient through a single KIT digital content and asset management backend.
"We are pleased to work with KIT digital and Akamai," said Tom Mohler, President & CEO of Olympusat Holdings, Inc. "Their technology solution meets the broadcast-grade level video quality our customers need for their online applications coupled with the social media versatility and rich media offerings that allows them to grow their brand. We are excited about the opportunities our partnership will bring to our organization and to our existing clients in the United States and worldwide."
About Olympusat Telecom
Olympusat Telecom is a turnkey provider of broadband solutions and content rich media platforms for entertainment and video-centric clients. Olympusat Telecom is a subsidiary of Olympusat Holdings, Inc., which owns, operates and distributes independent linear and non-linear programming networks to the Cable, Satellite, and Telco industries and is the leading distributor of Spanish-language networks in the US. Olympusat Telecom's business partners include: Akamai, Level 3 and others. For more information please visit: http://www.olympusattelecom.com/ or www.olympusat.com.
About KIT digital, Inc.
KIT digital (NASDAQ: KITD) is the leading video management software and services company. The KIT Video Platform, the company's cloud-based video asset management system, enables enterprise, media & entertainment and network operator clients to produce, manage and deliver multiscreen socially-enabled video experiences to audiences wherever they are. KIT digital services nearly 2,500 clients in 50+ countries including some of the world's biggest brands, such as Airbus, The Associated Press, AT&T, BBC, BSkyB, Disney-ABC, Google, HP, Mediaset, MTV, News Corp, RCS MediaGroup, Sky Deutschland, Sky Italia, Telecom Argentina, Telecom Italia, Telefonica O2, Universal Studios, Verizon, Vodafone and Volkswagen. KIT digital maintains executive offices in New York and its operational headquarters in Prague, Czech Republic, with offices in 21 countries around the world. Visit the company at www.kitd.com or follow on Twitter at www.twitter.com/KITdigital.
Akamai® is the leading cloud platform for helping enterprises provide secure, high-performing user experiences on any device anywhere. At the core of the Company's solutions is the Akamai Intelligent Platform™ providing extensive reach, coupled with unmatched reliability, security, visibility and expertise. Akamai removes the complexities of connecting the increasingly mobile world, supporting 24/7 consumer demand, and enabling enterprises to securely leverage the cloud. To learn more about how Akamai is accelerating the pace of innovation in a hyperconnected world, please visit www.akamai.com or blogs.akamai.com, and follow @Akamai on Twitter.