Octoshape Exceeds 100 Million Users Globally
Strong customer growth, opening new markets and telecom partnerships double
Octoshape’s user base in just twelve months.
PHOENIX -- January 7, 2014
Octoshape, an industry leader in cloud-based streaming technology, announced
that it finished 2013 with more than 100 million users, over 100% growth
compared to 2012. The company doubled its size across all key metrics
including customer base and revenues while reporting major growth across all
three product lines focused on operator, enterprise and OTT multiscreen video
distribution / contribution solutions.
“Achieving a sustained 100% growth year over year is a significant
accomplishment,” said Michael Koehn Milland, CEO of Octoshape. “Not only does
it characterize the explosive growth of online video and the OTT market as a
whole, it also shows that the deep investments we have made across product,
sales and operations are starting to show the results. Our anticipation is
that with the progress we are making by opening up new geographical markets,
strong growth in customer acquisitions and continued execution on our
partnership strategy, our growth will further accelerate in 2014.”
In 2013, the company expanded its footprint into new markets across Latin
America such as Argentina, Chile and Mexico. In addition, the company
continued strong net new growth in the United States and Europe. China, Hong
Kong and Taiwan were major contributors to Octoshape’s APAC expansion.
Octoshape’s Infinite HD-M^TM continues to gain major traction with
broadcasters across the world which choose Octoshape for the superior video
quality and fixed price business models. It’s Infinite Enterprise^TM
solutions, which help enterprises deliver large volumes of webcasts and
streaming video content efficiently across their LAN / WAN infrastructure,
gained additional traction across several Fortune 1000 companies. Lastly, the
company’s Infinite Uplink^TM solutions, which help broadcasters and media
companies contribute broadcast TV signals across the world, saw a significant
increase in adoption as well.
Elevated by global demand for its cross-product offerings, Octoshape is
becoming the de-facto choice for the delivery of OTT / broadband TV content
that also meets the reliability, scale and economic standards as set by
premium content providers. Direct satellite TV service providers lead the way
in this demand as they strive to address multiscreen demands from their
audiences, launch new OTT only programming offerings and expand their reach to
international markets without new satellite deployments.
In addition to broadcasters and direct satellite TV service providers,
Octoshape intensified its focus on global telecom and ISP relationships as it
expanded its customer and partner group with several major operators such as
Deutsche Telekom, Telekom Malaysia, Datco and Grupo ICE among others.
Streaming media innovator Octoshape provides the enabling technology required
to bring TV quality, TV scale and TV economics to the public Internet. The
company is writing the next chapter of content delivery for broadband IPTV
services. The Octoshape approach is more scalable, flexible and affordable
than traditional content delivery (CDN) schemes, while providing feature-rich,
high-quality viewing to the largest of audiences.
For more information visit www.octoshape.com
Michelle Soltesz, +1-973-349-9818
Sr. Director Marketing & Communications
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