Concurrent Containerized Solutions Powering Qvest.Cloud

Duluth, Georgia (ots/PRNewswire) -

Concurrent Technology Inc., a Vecima Company (TSX: VCM), the global leader in media delivery and storage solutions for content owners, broadcasters and service providers, and Qvest Media, one of the world's leading systems architects and ICT integrators for broadcast and media technology, today announced that they have signed a global reseller agreement and that Concurrent's containerized transcoding solution has been selected by Qvest Media for use within the newly unveiled Qvest.Cloud service. As part of the Qvest.Cloud service, transcoding workloads will run in compute agnostic software instances across a full range of environments: dedicated servers, private clouds, and public clouds. As part of the new Partner Agreement between the two companies, Qvest Media will incorporate Concurrent's CDN, Transcoding and Storage solutions into projects throughout the EMEA and APAC regions. Together, Qvest Media and Concurrent will enable flexible cloud-centric operations for Broadcasters and Content Owners to manage and deliver their content, and improve the costs and scalability of OTT services as more consumers switch to OTT services.

"We are delighted to be working with Qvest Media as they roll out a world-class service with the Qvest.Cloud offering," said Ryan Nicometo, SVP Product and Customer Architecture at Concurrent. "Our newly announced MediaScaleX(TM) platform is really about offering unparalleled deployment flexibility and scalability to content and service providers. To reliably deliver on the promise of a solution like Qvest.Cloud, these things become critical."

Paul Martin, Concurrent's VP Engagement, Media & Entertainment adds, "I'm excited that Concurrent and Qvest Media share a vision of the workflow and technology transformation required to operate at scale, cost-effectively, for CDN-based media consumption. As Broadcasters look to a future where CDN-based delivery for what we are currently calling 'OTT' is likely to be the primary delivery method to consumers, our collective expertise will help our customers to make the right investment choices."

"We are looking forward to having Concurrent's solutions integrated in Qvest.Cloud right from the start of our management platform which is currently under development," says Thomas Müller, General Manager at Qvest Media. "We anticipate a rapidly expanding streaming sector and together with our new partner, we are convinced that we can offer innovative and high-performance cloud-based services to serve this market," he concludes.

Concurrent's MediaScaleX // Transcode solution is being featured at the 2018 IBC Show in Amsterdam. To learn more about Concurrent's next generation media transformation and delivery platform or schedule a private briefing visit Booth D92 in Hall 1.

About Concurrent

Concurrent Technology Inc., a Vecima Company (TSX: VCM), empowers content and service providers with innovative solutions to intelligently deliver media to their customers, at any scale, through a wide range of deployment and commercial options. With virtualized and scalable solutions for transcoding, storage, origin, and cache, Concurrent's software-defined platforms support the most challenging requirements, all over the world, helping content creators, producers and distributors succeed. With solutions from content management to delivery, and billions of streams distributed over two decades, Concurrent's global team and experience is enabling increased revenue opportunities and reduced operational costs for the planet's leading innovators in visual media. Concurrent has offices located in North America, Europe and Asia. Visit http://www.concurrent.com for further information.

About Vecima Networks
Vecima Networks Inc. (TSX: VCM) is a globally recognized leader in creating breakthrough technology solutions that empower network service providers to connect people and enterprises to information and entertainment worldwide.
For more information, visit http://www.vecima.com.

About Qvest Media

Qvest Media is a world-leading systems architect and ICT integrator in the fields of broadcasting and media technology, specializing in the television, media and telecommunications industries. The company, headquartered in Cologne, has additional locations in Europe, Middle East and Southeast Asia. With a powerful spectrum of services consisting of Consulting & Development, Systems Integration and Service & Support, Qvest Media offers 360° expertise in the design, development, implementation and operational support of media technology infrastructures. With its business unit Managed Technology, Qvest Media supports media organisations along their entire digital transformation process by covering everything from technology infrastructures to services and technical operations offered within streamlined and future- oriented payment models. In addition, Qvest Media ranks among Europe's largest trade and distribution houses for technology in the fields of Professional AV, IT and Broadcast with a commercial portfolio of around 250,000 products as well as partnerships with nearly all major manufactures from the media and IT industries. Qvest Media is also one of the biggest suppliers of dry-hire equipment and systems solutions for live broadcasting of events, sports and entertainment. Today, the customer base includes eminent international broadcasters, telco providers and media networks such as ARD and ZDF, Sky, RTL, Al Arab, SRG, Al Jazeera, tpc switzerland ag, Mediacorp, beIN SPORTS, Dubai Media Incorporated, SES ASTRA, Etisalat, Turner Broadcasting, etc.

Media contacts: Red Lorry Yellow Lorry (Concurrent's PR agency): concurrent@rlyl.com; Americas & Asia Pacific: Kerry Quintilliani, +1-310-773-3760; Europe, Middle East & Africa: Philip Iacob, +44-20-7403-8878