CES 2014: Octoshape exceeds 100MN global users
Editor | 08-01-2014
Strong customer growth, new markets and telecom partnerships have doubled cloud-based streaming technology provider Octoshape's user base to more than 100 million users, over 100% growth year-on-year.
Growth occurred across all key metrics including customer base and revenues while the firm reported major growth across all three product lines focused on operator, enterprise and OTT multiscreen video distribution/contribution solutions.
Octoshape also noted that its flagship Infinite HD-MTM continued to gain major traction with broadcasters across the world while its Infinite Uplink solutions, designed to help broadcasters and media companies contribute broadcast TV signals across the world, saw a significant increase in adoption as well.
In addition to shoring up its business with broadcasters and direct satellite TV service providers, Octoshape also intensified its focus on global telecom and ISP relationships as it expanded its customer and partner group with several major operators such as Deutsche Telekom, Telekom Malaysia, Datco and Grupo ICE. It also expanded its footprint into new markets across Latin America such as Argentina, Chile and Mexico, and showed net new growth in the United States and Europe as well as China, Hong Kong and Taiwan.
"Achieving a sustained 100% growth year-over-year is a significant accomplishment," said Michael Koehn Milland, CEO of Octoshape. "Not only does it characterise the explosive growth of online video and the OTT market as a whole, it also shows that the deep investments we have made across product, sales and operations are starting to show the results. Our anticipation is that with the progress we are making by opening up new geographical markets, strong growth in customer acquisitions and continued execution on our partnership strategy, our growth will further accelerate in 2014."