Leading IPTV Providers Team Up to Offer End-to-End Solution for Live and VoD Content
NEW YORK, Jan. 30 /PRNewswire-FirstCall/ -- ROO Group Inc. (OTC Bulletin Board: RGRP - News) announced that it has formed a tripartite business alliance with Abacast, Inc. and Pando Networks, Inc. to offer peer-to-peer (P2P) streaming solutions to its current and future customers. The alliance will provide live streaming and video-on-demand (VoD) through the ROO Media Player. By combining forces with Abacast and Pando, ROO will be able to offer these P2P products as white-label solutions to its global network of customers -- increasing streaming quality while reducing associated bandwidth costs.
As part of the agreement, ROO has exclusive access to the technology of Abacast and Pando vis-a-vis certain of its direct competitors. The companies will work with ROO to integrate their respective technologies into the ROO Media Player environment to facilitate a seamless end-user experience -- offering both solutions through the single ROO client application.
The alliance is consistent with ROO's previously announced intentions to create content delivery network (CDN) capabilities for its clients. Through the partnership, Abacast will supply its hybrid P2P/CDN solution for live streaming content while Pando will provide managed P2P distribution services for VoD content. Abacast and Pando have a combined installed base of approximately 62 million individual customers today, which in conjunction with the 1,100+ ROO Media Players currently deployed on the Internet will form the basis of ROO's newly formed hybrid CDN/P2P content delivery model.
"ROO is committed to providing our customers with the most advanced digital video technologies -- whether internally developed or externally sourced. P2P is the most efficient way to transmit rich media or bandwidth- intensive content to a broad base of end-users, and we feel that Pando and Abacast represent the best-of-breed solutions available in the market," said Kaleil Isaza Tuzman, chairman and chief executive officer of ROO Group. "This alliance allows ROO to focus on its key strengths and justifies our recent decision to terminate our internal R&D in the P2P arena."
"ROO's continued growth, both measured by aggregation of high quality video content and by the installed base of the ROO Media Player, gives Abacast a great opportunity to increase the deployment of our hybrid P2P technology on a global scale," said Michael King, chief executive officer of Abacast, Inc.
"This is a very exciting three-way partnership, which allows Pando to focus on its expertise in file transfer technology while becoming part of a holistic solution for global web-based video delivery," said Robert Levitan, chairman and chief executive officer of Pando Networks. "As the boom in online video usage continues, we wanted to be part of a team that can meet any corporate customer's needs. ROO, Pando and Abacast form that team."
The companies will immediately enter a technical integration phase, with live customer deployments of the combined solution expected by the end of the first quarter.
ROO Group Inc. (OTC Bulletin Board: RGRP - News), through its 100% subsidiary ROO Media Corporation, is a global service provider enabling businesses to leverage their digital media assets and provide an enhanced user experience. The Company's proprietary platform and content management system, the ROO Video Exchange, and a suite of related products, allows web sites and their advertisers to organize video content, target advertising and maximize views. ROO is the service provider of choice for companies seeking enterprise level solutions and effective strategies for monetizing digital media assets. The Company also operates an advertising agency business specializing in a variety of media services including direct marketing, brand planning and identity, media buying and packaging. ROO has offices in New York, London, Dubai and Melbourne, Australia. For additional information, please visit http://www.roo.com/.
Abacast, Inc. is a streaming technology and services provider founded in 2000. Abacast's hybrid P2P technology takes the quality and control of central server (unicast) technology and seamlessly combines it with the scalability and efficiency of P2P. Abacast Hybrid P2P technology is the cornerstone of a complete service including: live and on-demand streaming, ad-injection and gateway ad serving, enterprise streaming, subscription systems, podcasting, high-end audio processing/streaming PC cards, audio and video encoding software, custom media player/web design and 24/7 premium service, education and support. For additional information, please visit http://www.abacast.com/.
About Pando Networks
Pando Networks is the leading provider of peer-assisted content delivery services. Pando combines the reliability and control of CDNs with the scale and cost efficiencies of P2P technology. Pando Networks operates the world's largest and most advanced managed P2P network with more than 16 million users. Pando is funded by Intel Capital, BRM Capital and Wheatley Partners. In 2007, Pando received numerous industry awards including: AlwaysOn 100 Top Private Company, TechCrunch Connected Innovator, C/net Webware 100, PC World Top 101 Fantastic Freebies and Web Video Summit 2007 Hottest Products of the Year. For more information, please visit http://www.pandonetworks.com/.