ATLANTA, May 10, 2010 /PRNewswire via COMTEX/ -- Concurrent (Nasdaq: CCUR), a worldwide leader in video and media data and advertising solutions, today announced it has signed a multi-year contract with Mediacom Communications Corporation, a cable company serving more than 1,400 communities throughout the US. Mediacom's marketing, advertising sales, engineering and operations strategies will be supported with a turnkey service offering of Concurrent's Media Data and Advertising Solutions (MDAS). Under the agreement, Concurrent will upgrade and manage Mediacom's VOD data infrastructure with a fully-hosted platform and a comprehensive portfolio of data logistics and managed services.
(Logo: http://www.newscom.com/cgi-bin/prnh/20081216/CLTU015LOGO ) "Concurrent has played a valuable role in our success during the past six years," said John Woods, Mediacom Vice President, Advanced Consumer Services.
"Through their media data collection and management tools, we've been able to deliver a high quality experience to our customers and provide significant value to our content providers." The new agreement provides Mediacom a turnkey media data service based on Concurrent's latest VOD Operational Reporting Solutions. Concurrent will support data collection, validation, warehousing, and distribution to Mediacom's various data stakeholders. This industry leading solution serves as the foundation for an end-to-end cross services data solution, providing Mediacom the capability to collect and aggregate data from VOD, Linear, and Interactivity across their 1.3 million subscriber footprint.
"Operators are increasingly looking for hosted, fully managed solutions that deliver high quality and timely media data for both internal and external stakeholders," said Paul Haddad, Concurrent Senior Vice President and General Manager, Media Data and Advertising Solutions. "Mediacom will be able to leverage real-time, census-level video consumption data and deliver accurate, time sensitive reporting. We are a long-time partner of Mediacom and are committed to providing the latest generation of media data solutions for Mediacom to succeed in an increasingly competitive market." Concurrent's Media Data and Advertising Solutions provide the first complete, intelligent solution for collecting and correlating data from online, television, DVR, interactive and on-demand video consumption. This advanced data management capability allows service providers and content providers marketing, programming, advertising, and operations organizations to identify new opportunities for revenue growth and maximize operational efficiencies.
About Mediacom Mediacom Communications is the nation's seventh largest cable television company and one of the leading cable operators focused on serving the smaller cities and towns in the United States. Mediacom Communications offers a wide array of broadband products and services, including traditional and advanced video services such as digital television, VOD, DVRs, HDTV, as well as high-speed Internet access and phone service. More information about Mediacom Communications can be accessed at www.mediacomcc.com.
About Concurrent Concurrent (Nasdaq: CCUR) is a global leader in innovative solutions that enable the seamless delivery, management and monetization of video on any screen. Built on a solid foundation of video firsts and Emmy(R) Award winning technology, Concurrent's screen-independent video delivery and media data solutions create a truly holistic, 360-degree view of the consumer video experience. By harnessing the full potential of video, Concurrent provides customers in the cable, telco, wireless, web, advertising and content development industries with new revenue opportunities such as advanced advertising. Concurrent's video solutions are built upon a rich heritage of high-performance real-time technology, which also powers solutions for the defense, aerospace, automotive and financial industries. Concurrent is a global company with offices in North America, Europe and Asia. For more information, please visit www.ccur.com.
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 development and our future performance, as well as our expectations, beliefs, plans, estimates, or projections relating to the future, are forward-looking statements within the meaning of these laws. These forward looking statements include, among others, statements regarding our products and product development. All forward-looking statements are subject to certain risks and uncertainties that could cause actual events to differ materially from those projected. Such risks and uncertainties include our ability to meet customer schedules and demands and deployment and integration goals.
Important risk factors are discussed in our Form 10-K filed with the Securities and Exchange Commission on 28 August 2009, and may be discussed in subsequent filings with the SEC. The risk factors discussed in such Form 10-K under the heading "Risk Factors" are specifically incorporated by reference in this press release. Our forward-looking statements are based on current expectations and speak only as of the date of such statements. We undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of future events, new information, or otherwise.
Concurrent, Concurrent Computer Corporation and its logo are registered trademarks of Concurrent. All other Concurrent product names are trademarks of Concurrent, while all other product names are trademarks or registered trademarks of their respective owners.
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