Concurrent Snags TellyTopia Assets

Acquires key online video platform assets from TellyTopia

September 23, 2010

2 Min Read

ATLANTA -- Concurrent (NASDAQ: CCUR), a worldwide leader in video and media data and advertising solutions, today announced it is accelerating its multi-screen video delivery and monetization strategy through the acquisition of key technology assets 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. 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. “TellyTopia’s next-generation, cloud-based video delivery solution directly aligns with Concurrent’s strategy of delivering innovative commercial-grade video solutions that can generate incremental revenue and enable development of innovative new business models.”

TellyTopia’s technology streamlines the video distribution process between broadcast and Internet content providers, advertisers and service providers which greatly enhances consumer experience. By integrating Concurrent and TellyTopia’s product portfolios, Concurrent is able to immediately address this high-growth market opportunity for cable and telco operators, mobility and Internet service providers, as well as content delivery networks and content producers. 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. This enables subscribers to access a wider array of video content and offers service providers a streamlined way to immediately increase revenue from their existing on-demand platforms.

• A sophisticated Online Video Platform that enables content delivery to any device, as well as Internet-based content to TV’s over traditional networks. This unique platform enables premium content, “Best of the Web” content, user-generated content (UGC) and hyper local advertising to be presented to any device as VOD assets or broadcast programming.

Concurrent Computer Corp. (Nasdaq: CCUR)

TellyTopia Inc.

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