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Singapore deal struck by Velocix

Written by News Desk

Wednesday, 09 April 2008

Cambridge-based digital media delivery specialist, Velocix, has been contracted by Singapore’s version of the BBC MediaCorp to transmit the international TV hit shows, Star Search and Deal or No Deal, live over the Internet. Rapid growth in demand has pushed national broadcast group, MediaCorp – which beamed the nation’s first TV pictures in 1963 – to select the Velocix Digital Asset Delivery Network to provide live, on-line, bi-weekly broadcast streaming services. Koh Peck Kheng, MediaCorp AVP, said: “We are seeing increased demand from viewers watching live on-line episodes of our hit TV programmes, as well as our subscription VOD service MOBTV (MediaCorp On-line Broadband TV).” Formally known as CacheLogic, Velocix has developed a new generation Content Delivery Network (CDN), the technology needed to deliver the increasingly large amounts of media content demanded across the internet. The company also recently closed a £12.5m VC funding round with participation from 3i, Amadeus Capital Partners and Pentech Ventures to fuel ambitious growth plans based on the huge growth of the CDN market. A report by Tier1 Research estimated 2007 CDN industry revenue to reach £500m (represents 48 per cent growth over the 2006 total), while Cisco Systems expects consumer IP traffic to quadruple in the next four years to 8 exabytes (8 billion gigabytes) a month. Velocix says that much of this will be fuelled by a massive increase in demand by consumers of large digital assets such as delivery of video, software and games and many leading brands would look to create the next era of digital media on-line. Set as favorite Bookmark Email This Hits: 191 Trackback(0) TrackBack URI for this entry Comments (0) Subscribe to this comment's feed Write comment This content has been locked. You can no longer post any comment.

 

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