Akamai, Onstream Media and Multicast Join Forces to Offer Comprehensive Streaming Media Solutions for Emerging Businesses
- Akamai Technologies, Inc. (NASDAQ: AKAM), the leading global service provider for accelerating content and business processes online, today announced along with Onstream Media Corp. (NASDAQ: ONSM) a leading online service provider of live and on-demand, digital media communications and applications, and Multicast Media Technologies, Inc., a leading provider of Internet broadcast products and services, a series of agreements to provide integrated solutions for emerging businesses looking for comprehensive streaming media services.
According to the agreements, Onstream Media and Multicast will provide new customers referred by Akamai with value-added streaming media solutions for the encoding and management of webcasting, web conferencing and webinars. These customers will also benefit from the global reach and reliability of Akamai’s digital media delivery platform. For enterprises looking to manage digital assets, publish content on the Internet in various files and formats, and establish e-commerce storefronts using rich media to transact business online, the combined capabilities of Akamai, Onstream Media and Multicast provide businesses with a turnkey and cost-effective solution.
"The explosion in online video is not just confined to large media companies. More and more emerging businesses are finding significant value and competitive differentiation in the use of streaming content for effectively communicating with their customers, partners and employees," said Bill Wheaton, vice president of Digital Media at Akamai. "Teaming with Multicast and Onstream Media helps Akamai offer all companies, regardless of size, a complete suite of cost-effective digital media products and services that offer global scalability and complete reliability."
"Onstream Media's Digital Media Services Platform (DMSP) provides all the necessary tools to enable small to medium enterprises to manage, publish, distribute and monetize video and other multi-media content on the Internet," said Randy Selman, CEO of Onstream Media. "As a result, our DMSP combined with Akamai’s global content delivery network, provides an economical and robust solution for virtually any size business."
"Our strategic relationship with Akamai further proves our commitment to providing small- and medium-sized businesses with the same level of service, reliability and performance that our large media and Fortune 500 customers have grown accustomed to receiving over the last six-plus years," said Lou Schwartz, chairman and CEO of Multicast. "By collaborating with Multicast, businesses can easily create, manage, protect, distribute and, if necessary, monetize, their online media assets while accessing the necessary tools to effectively measure their investment. Combining Akamai's high-performance digital media content delivery network with Multicast's cost-competitive turnkey solutions, a business of any size is now well equipped to execute on its digital media strategy."
The market for enterprise streaming applications has soared as more and more businesses realize the significant cost savings associated with utilizing the Internet as an effective business communications medium.
"Through this relationship, Akamai offers a range of value-added solutions for customers to easily leverage video features and functionality combined with its world-class digital media platform," said Jason Simpson, executive vice president, Business Development of Multicast. "Already, small- and medium-sized businesses are experiencing an accelerated time-to-value and realizing the full potential of their digital media initiatives."
Akamai® is the leading global service provider for accelerating content and business processes online. Thousands of organizations have formed trusted relationships with Akamai, improving their revenue and reducing costs by maximizing the performance of their online businesses. Leveraging the Akamai EdgePlatform, these organizations gain business advantage today, and have the foundation for the emerging Web solutions of tomorrow. Akamai is "The Trusted Choice for Online Business." For more information, visit www.akamai.com.
Multicast Media Technologies, Inc. ("Multicast") is a leading provider of Internet broadcast products and services delivering a comprehensive platform for creating, managing, protecting, delivering, monetizing and measuring compelling online media content. Multicast enables content owners to affordably deliver engaging broadband video experiences that unite the power of traditional broadcast with the interactivity of the Internet. Entering its 7th year, Multicast leverages a battle-tested business model, a proven methodology, top-tier customer support, solid partnerships, and multiple delivery options, all of which have helped Multicast to provide value-added services to and retain over 500 satisfied customers. Select customers include American Cancer Society, AT&T, AutoTrader.com, Baby Universe, Coca-Cola Enterprises, Cox Enterprises, Cystic Fibrosis Foundation, The Home Depot, The Knot, Ogilvy Public Relations Worldwide, Time Warner, and WebMD. For more information, please visit www.multicastmedia.com or call 678.325.4136.
About Onstream Media
Founded in 1993, Onstream Media Corporation (Nasdaq: ONSM) is a leading online service provider of live and on-demand, digital media communications and applications. Onstream Media's pioneering Digital Media Services Platform (DMSP) provides its customers with the necessary tools for webcasting, web conferencing and webinars as well as managing digital assets, publishing content on the Internet in various files and formats and establishing e-commerce storefronts to transact business online.
All of Onstream Media’s services are focused on increasing productivity and revenues, and reducing capital expenditures and operational costs for any organization in an affordable and highly secure environment. As a result, 78% of the Fortune 100 CEOs and CFOs and almost half of the Fortune 1000 companies have used Onstream Media’s services. Select Onstream Media customers include: AOL, AAA, AXA Equitable Life Insurance Company, Discovery Education, Disney, MGM, Deutsche Bank, Rodale, Inc., Thomson Financial/CCBN, PR Newswire and the U.S. Government. For more information, visit Onstream Media at http://www.onstreammedia.com or call 954-917-6655.
Akamai Statement Under the Private Securities Litigation Reform Act
The release contains information about future expectations, plans and prospects of Akamai Technologies, Inc.'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 effects of any attempts to intentionally disrupt our services or network by unauthorized users or others, failure to have available sufficient transmission capacity, a failure of Akamai's network infrastructure and other factors that are discussed in the Company's Annual Report on Form 10-K, quarterly reports on Form 10-Q, and other documents periodically filed with the SEC.