Globix Expands its Global Streaming Media Capabilities Through Strategic Alliance with London-based Simplywebcast
NEW YORK – October 9, 2000
Globix Ltd., a subsidiary of Globix Corporation (NASDAQ: GBIX), and the newly launched new media arm of Corporate Television Networks, Simplywebcast, have teamed up to provide businesses a fully integrated, end-to-end streaming media service, the companies announced today. The strategic alliance unites premier live-event production services from Simplywebcast, a leading Webcasting production company, with back-end broadcasting services and infrastructure from Globix, a leader in managed Internet Data Center services, high-speed Internet access, and streaming media solutions for business.
As television and the Internet converge, the market for streaming media in Europe will grow substantially. This alliance will bring together the communications and production expertise of Simplywebcast with the technical know-how and wordwide Internet resources of Globix to provide a single, fully integrated solution in this growing market. The alliance includes the purchase by Globix of an equity stake in Simplywebcast. Terms of the deal were not disclosed.
Under the agreement, Simplywebcast will provide digital production and encoding of live video and audio for events such as investor presentations, company product launches and internal communications, as well as for broadcast markets such as radio and television.
Globix, one of the leading providers of streaming services in Europe, will provide the applications hosting on its infrastructure to Webcast the media streams across its global Content Delivery Network for live or on-demand viewing. Globix deploys servers internationally across its 32Gbps backbone network to broadcast the streams to end users around the world.
Both Globix and CTN are pioneers in the streaming media industry, and their alliance will create a powerful force in the still-emerging European streaming market. Globix has provided global streaming media solutions for companies such as Microsoft, Cisco Systems, ITN and VH-1, and has Webcasted live events such as the Queen Mothers 100th birthday pageant and Paul McCartneys concert at the Cavern Club in Liverpool.
CTN pioneered the development of satellite-delivered business television and has becomean award-winning provider of visual communications to business. It was instrumental indeveloping some of the first U.K. Webcasts, including the online announcement of the BP / Amoco merger in 1997.
Today CTN, through Simplywebcast, is a leader in this field, producing Webcasts in support of investor relations, marketing and consumer communications for its blue chip clients, as well as major sporting events.
‘As broadband and streaming media continue to become more widespread, companies aredemanding quality Webcasting services from a single-solutions provider,’ said John Moore,Globix UK general manager. ‘This partnership is a beachhead for Streaming Media efforts inthe United Kingdom, portending a new level of customer options for streaming media solutions.’
Stephan Watson, managing director of CTN, said: ‘Our Globix partners are worldwide leaders in sophisticated streaming media solutions and Internet services. Simplywebcast is recognised for its award-winning production and communications expertise. Together, weintend to provide a level of experience, talent and resources unmatched in the industry.’
An alliance briefing will be Webcast tonight, Monday, 9 October, 2000, at 15:00 BST. This can be viewed at www.simplywebcast.com.To learn more about how the Globix / Simplywebcast solution can power your business, stopby the Globix stand, No. 409, at Streaming Media Europe, Oct. 10 to 12, at the Earls CourtConvention Centre on Warwick Road in London.
Simplywebcast is the new media arm of Corporate Television Networks, one of Europesleading providers of visual communications for business. CTN was established in 1992 as ajoint venture between ITN and communications group, Burson-Matseller, part of Y&R; Inc. Thecompany is now independently owned. CTN pioneered the development and use of satellite-deliveredbusiness television in Europe.
Globix is a leading provider of advanced Internet hosting, network and applications solutions for business. Globix delivers services via its secure state-of-the-art Internet DATA Centers, its high-performance global backbone and content delivery network, and its world-class technical professionals. Globix provides businesses with cutting-edge Internet resources and the ability to deploy, manage and scale mission-critical Internet operations for optimum performance and cost efficiency.
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