Concurrent Acquires Everstream

Concurrent to acquire on-demand reporting and analytic software provider, Everstream

August 19, 2005

2 Min Read

ATLANTA, and CLEVELAND, Ohio -- Concurrent (Nasdaq: CCUR), a worldwide leader of real-time and on-demand technology, today announced that it has signed a definitive agreement to acquire Everstream Holdings, Inc., a leader in business intelligence software currently focused on the cable industry and now deployed in seven of the largest North American cable companies. Everstream's current products monitor and analyze operations and performance data from millions of digitally enabled subscribers for real-time analytics, historical reporting, and on-demand advertising.

Concurrent, an investor in Everstream since 2002, will operate Everstream as an independent, wholly owned subsidiary, ensuring that the privacy of data from customers and partners is protected with Everstream's cross-platform solutions. This structure will allow Everstream's partnerships with numerous cable industry operators and vendors, to continue to be fully supported. Protection of sensitive information has been a vital part of Concurrent's 40-year history in high level security projects for government, military and commercial enterprises.

"This acquisition signals our move into the broader market of business intelligence software that can extend into any network involved in real-time customer transactions. It is an initiative in concert with our focus on improving our quality of service for all the industries we serve. We believe there are markets in our real-time business such as finance, homeland security, and gaming that can benefit from Everstream's business intelligence systems," said Gary Trimm, Concurrent's President and CEO. "We will ensure that customers of Everstream receive continued high-quality support enhanced by Concurrent's infrastructure in the North American cable industry. Through our rapidly expanding international business and our worldwide sales and support presence, we believe we will greatly increase Everstream's addressable market."

Everstream's S4 DataSuite enables enterprise-wide collection, aggregation, and standardization of data from hundreds of devices, servers, and systems throughout a digital enterprise network of any type. Everstream's current products are already widely used by cable operators and other broadband service providers to enable industry-standard reporting and analytics for on-demand services, including real-time operational monitoring, performance management, and consumption-based content usage reporting. Future products are expected to expand this capability to other areas including targeted marketing and advertising.

Concurrent Computer Corp.

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