| Contacts: |
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| Charles Martin MediaOnDemand.com 212-867-8888 x105 cmartin@MediaOnDemand.com |
--or-- | Jeff Young Media Relations Akamai Technologies 617-250-3913 jyoung@akamai.com |
MediaOnDemand.com is first company to offer the complete range of Akamai's streaming solutions on a value-added basis for financial service customers
New York, NY and Cambridge, MA - May 1, 2001 - MediaOnDemand.com, a leading streaming multimedia application service provider (ASP) with an expanding content distribution network, and Akamai Technologies, Inc. (Nasdaq: AKAM), the leading Content Delivery Service Provider (CDSP), today announced a strategic agreement through which MediaOnDemand.com will offer all of Akamai's streaming solutions to its customers for cost-effective, interactive Web conferencing. Users of MediaOnDemand.com's services will now benefit from the ability to conduct reliable, engaging Web conferences that incorporate high-quality audio and video streaming media.Akamai's streaming solutions include Akamai Conference, Akamai Forum and the Akamai FreeFlowSM Streaming service that incorporate live audio and video streaming services, and one-to-many interactive communications technology, using signal capture ranging from a traditional conference call to capturing video through a sophisticated satellite transmission system. MediaOnDemand.com and Akamai are focusing the new relationship on the financial services community using the combined physical presence of Akamai and MediaOnDemand.com in major financial centers including New York, London, Tokyo, San Francisco, and Boston. "The MediaOnDemand and Akamai alliance provides financial service clients with end-to-end solutions for distributing their live, market-moving audio and video content to global audiences. Through our relationship with Akamai, we expand our ability to offer 24/7 global support and a robust content delivery network for the rapidly expanding applications of our financial service clients," said Charles Saracino, president and CEO of MediaOnDemand.com.
"Webcast productions for the financial community are an efficient way to address compliance with the new Regulation FD requirements from the SEC. Akamai is keenly positioned to deliver high-quality audio and video through its thousands of servers deployed worldwide and its best-of-breed technology for virtual presentations," said Chris Turner, vice president of worldwide channel distribution, Akamai. "As a result of this agreement, MediaOnDemand, a proven financial webcast and technology company, is able to provide, for the first time, all of Akamai's streaming solutions."
About MediaOnDemand.com
Headquartered in New York City, MediaOnDemand.com (www.mediaondemand.com) is a leading streaming multimedia application service provider (ASP) with an expanding content distribution network. The company creates comprehensive solutions for Fortune 500 clients and other high-profile public and private entities including the American Stock Exchange, Lehman Brothers, Lifetime Television, McGraw-Hill Companies, Inc., Merrill Lynch, Nasdaq Stock Market, New York Stock Exchange, PricewaterhouseCoopers and Universal Studios. Privately held and funded, the firm was founded in 1992 and owns and operates a full-service Webcast and broadcast studio at the Jacob K. Javits Convention Center in New York City.
About Akamai
Akamai is the leading Content Delivery Service Provider, serving thousands of customers worldwide. Akamai has the broadest deployment of servers for content, streaming media, and applications delivery with more than 9,700 servers in 56 countries directly connected within over 650 different telecommunications networks.
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Akamai Statement Under the Private Securities Litigation Reform Act
The release contains information about future expectations, plans and prospects of Akamai's management that constitute forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those indicated by these forward-looking statements as a result of various important factors including, but not limited to, the dependence on Akamai's Internet content delivery service, a failure of its network infrastructure, the complexity of its service and the networks on which the service is deployed, the failure to obtain access to transmission capacity and other factors that are discussed in the Company's Annual Report on Form 10-K and other documents periodically filed with the SEC.
