Cable TV Innovator Midco Chooses Concurrent's CDN Platform to Expand Video on Demand Options for 385,000 Midwest Customers
ATLANTA, April 18, 2017 (GLOBE NEWSWIRE) -- Concurrent (NASDAQ:CCUR), a leader in high performance software-defined storage and content delivery networks (CDN), announced today that Sioux Falls-based telecommunications provider Midco - one of the 20 largest cable television operators in the U.S. - has launched Concurrent's full suite of CDN products including Storage, Origin and Edge. Concurrent's CDN Platform is a comprehensive system for ingesting, hosting, distributing, and streaming video content to any device, any time, over any network.
Midco serves more than 385,000 subscribers throughout Kansas, Minnesota, North Dakota, South Dakota and Wisconsin and has delivered on-demand movies and TV shows for nearly a decade. As an early innovator in VOD, Midco has mastered delivery of content to digital televisions and set-top boxes - and with Concurrent, Midco not only upgrades services for these traditional devices, it can add IP-based devices such as PCs, smartphones, and tablets.
The latest version of Concurrent's CDN Solution offers an integrated architecture built on a stable Linux foundation, and wide range of features and workloads for live video, VOD, cloud DVR, and more. Concurrent's new redundancy and scalability features allow it to be deployed with minimal hardware, without compromising functionality and high availability, for a cost of ownership up to 50 percent lower than even less comprehensive products. Concurrent now boasts RestartTV, a complete suite of time-shift TV options such as Pause Live TV and Catch Up TV.
"Concurrent's CDN platform gives us the ability to deliver our popular ON Demand services more efficiently and affordably over our existing HFC network, and to expand our capabilities in the future," said Bill Chatwell, Midco's Video Systems Manager. "With Concurrent we can provide our customers with high-end options for movies and TV on demand, to any device they choose."
"Midco offers its subscribers a state-of-the-art on-demand service for film and television, which requires a state-of-the-art infrastructure for the highest possible user experience and digital quality," said Clay McCreery, Concurrent's Senior Vice President, Worldwide Sales and Service. "Our CDN solution sets a new high-water mark in top quality content delivery for all devices, all formats, all protocols, all set-top and IP Devices, and it's right at home at Midco."
Founded in 1931, Midco is the leading provider of internet and networking, cable TV, phone, data center and managed services, home automation and advertising services in the Upper Midwest. More than 385,000 residential and business customers count on Midco services in 342 communities in Kansas, Minnesota, North Dakota, South Dakota, and Wisconsin. Midco will deliver advanced gigabit internet technology to most customers by the end of 2017. Visit Midco.com to learn more about Midco and how the company gives back to the communities it serves.
Concurrent (NASDAQ:CCUR) is a global software and solutions company that develops advanced applications on a core foundation of high performance Linux and storage technologies. We serve industries and customers that demand uncompromising performance, reliability and flexibility to gain a competitive edge, drive meaningful growth and confidently deliver best-in-class solutions that enrich the lives of millions of people around the world every day. Offices are located in North America, Europe and Asia. Visit www.concurrent.com for further information and follow us on Twitter: www.twitter.com/Concurrent_CCUR.
Certain statements made or incorporated by reference in this release may constitute "forward-looking statements" within the meaning of the federal securities laws. Statements regarding future events and developments and the company's future performance, including, but not limited to, management's expectations, beliefs, plans, estimates, or projections relating to the future, are forward-looking statements within the meaning of these laws. All forward-looking statements are subject to certain risks and uncertainties that could cause actual events to differ materially from those projected.
Other important risk factors are discussed in Concurrent's Form 10-K filed August 30, 2016 with the Securities and Exchange Commission ("SEC"), and in subsequent filings of periodic reports with the SEC. The risk factors discussed in the Form 10-K and subsequently filed periodic reports under the heading "Risk Factors" are specifically incorporated by reference in this press release. Forward-looking statements are based on current expectations and speak only as of the date of such statements. Concurrent undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of future events, new information, or otherwise.
Concurrent Computer Corporation and its logo are registered trademarks of Concurrent. All Concurrent product names are trademarks or registered trademarks of Concurrent while all other product names are trademarks or registered trademarks of their respective owners.
For more information, contact:
Phone: (678) 258-4059
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Concurrent Computer Corporation via Globenewswire
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