Concurrent is accelerating its multi-screen video delivery and monetization strategy through the acquisition of key technology assets from TellyTopia, a company that brings user-generated and Internet hosted video directly to TV over service providers’ existing network infrastructures. TellyTopia’s patent-pending, cloud-based, online video platform becomes part of Concurrent’s multi-screen portfolio and further extends the company’s leadership in multi-screen video delivery, advertising and media data management.?
“Concurrent’s vision is to enable limitless access to video content by providing screen and network agnostic video solutions,” said Dan Mondor, president and CEO of Concurrent, in a statement. “TellyTopia’s next-generation, cloud-based video delivery solution directly aligns with Concurrent’s strategy of delivering innovative commercial-grade video solutions.”?
TellyTopia’s technology streamlines the video distribution process between broadcast and Internet content providers, advertisers and service providers. The purchased technology includes:
- ??An innovative TV-based video solution that allows service providers to expand their own video on demand (VOD) libraries by tapping into premium content existing outside of their own content libraries, including cloud-hosted storage archives.
- An online video platform that enables content delivery to any device, as well as Internet-based content to TV’s over traditional networks.
Concurrent purchased the TellyTopia technology for an undisclosed sum that will not have a material impact on Concurrent’s balance sheet.