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| Monday, 17 November 2014, 10:50 HKT/SGT | |
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Source: Qwilt | |
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| Alliance Aims to Foster Collaboration on New Open Architecture and Ensure Online Video Continues to Flourish |
REDWOOD CITY, CA, Nov 17, 2014 - (ACN Newswire) - Qwilt, a leading provider of online video delivery and open video caching solutions, announced today that it has joined as a Founding Member of the Streaming Video Alliance (SVA). The Alliance aims to facilitate the creation of an open architecture, standards and best practices that will scale the infrastructure for online video.
An online video transformation is underway. According to Cisco's Visual Networking Index released earlier this year, by 2018, the amount of video-on-demand Internet traffic will be equivalent to 6 billion DVDs per month. The extraordinary growth of online video has created a challenge for network operators, content providers, content distribution networks and streaming video technology providers. Streaming video must scale quickly, efficiently and cost-effectively to meet demand.
The Streaming Video Alliance plans to address this challenge by focusing on the creation of an open architecture for online video that will deliver seamless industry interoperability and result in higher Quality of Experience (QoE) for consumers. The Alliance will benefit all members of the online video ecosystem without compromising efficiency, QoE or streaming speeds.
"Online video continues to thrive and rising consumer demand for a great streaming video experience is only the beginning," said Alon Maor, CEO and Co-Founder at Qwilt. "The need for increased collaboration among members of the streaming video ecosystem is clear, and the formation of the Streaming Video Alliance presents a strategic opportunity for us to provide consumers with the best experience possible."
About The Streaming Video Alliance
Founded in 2014, the Streaming Video Alliance's (SVA) charter is to encourage deeper collaboration which will include the development of standards and best practices for an open architecture that will operate across the entire online video value chain. The SVA will focus on identifying issues and solutions related to open architecture, quality of experience and interoperability. For more information, please visit www.streamingvideoalliance.org.
About Qwilt
Qwilt addresses the impact of OTT video on operator networks with a unified, turnkey solution that combines transparent caching, video delivery and analytics technologies deployed at the subscriber edge. Qwilt QB-Series Video Fabric Controllers optimize delivery of streaming video content to relieve network traffic congestion for operators and deliver a higher quality viewing experience for their customers. A growing number of the world's leading cable, telecom and mobile service providers rely on Qwilt to optimize their networks to support growing consumer demand for online video content as a primary entertainment source. Founded in 2010 by industry veterans from Cisco and Juniper, Qwilt is backed by Accel Partners, Bessemer Venture Partners, Marker and Redpoint Ventures. Learn more at www.qwilt.com.
Connect with Qwilt
Read the blog: http://www.qwilt.com/blog/
Converse on Twitter: https://twitter.com/qwilt
Follow on LinkedIn: http://www.linkedin.com/company/qwilt
Visit on Facebook: https://www.facebook.com/Qwilt.Inc
Qwilt and QB-Series are trademarks of Qwilt. All rights reserved. All other trademarks or trade names referenced here are the property of their respective owners.
Contact Information
Press Contact
Lauren Goodacre
Bhava Communications for Qwilt
qwilt@bhavacom.com
+1-510-356-0014
Topic: Press release summary
Source: Qwilt
https://www.acnnewswire.com
From the Asia Corporate News Network
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