|[February 21, 2017]
MobiTV Announces $21M in Funding to Accelerate Growth in Next-Gen IP-based Video Delivery Solutions
the leader in IP-based video delivery solutions, today announced it has
closed $21M in funding from Oak Investment Partners and Ally Corporate
Finance. The funding will accelerate expansion of the MobiTV (News - Alert) Connect™
Platform to enable IP delivery for Pay TV providers.
Given the rapidly changing technological revolution in video, MobiTV's
leading edge software-based solution is available now to address cable
and broadband operators need to transition their Pay TV offerings to
"We're able to future-proof the service providers' Pay TV offerings
through state of the art features and rich user experiences that are not
constrained by the legacy STB ecosystem," said Charlie Nooney, CEO of
MobiTV. "Our ability to utilize widely adopted streaming devices allows
real-time enablement of new technologies like 4K/HEVC, Cloud DVR, replay
TV, robust voice control, and other consumer preferences across all
screens without the high cost of replacing legacy QAM STBs in the home."
The ability to scale are further demonstrated in the MobiTV-powered
Reliance live service in India. Since the launch of Jio in September
2016, the live service has supported oer 95 million unique users and
has added as much as one million users per day. This service includes
rich features like Cloud DVR, 7-day catchup, 400 live channels with
support of massive scale live events.
Companies like C Spire, DirectLink and Citizens Fiber have signed on to
use the MobiTV Connect™ Platform in their move to IP delivery. "Our
multi-tenant solution can be deployed through either a managed service
or in-network offering, allowing us to address all operators of all
sizes in a cost-effective manner," said Bill Routt, COO of MobiTV.
MobiTV is currently exhibiting at NCTC's Winter Educational Conference
in New Orleans at booth 602. The company will demonstrate the MobiTV
Connect™ Platform's latest capabilities and Product Forum demonstration.
is a video delivery solutions expert committed to making the live and
on-demand entertainment experience better across all devices and
platforms. Our content delivery platform unlocks content from the
traditional Set Top Box (News - Alert) (STB) experience allowing pay TV providers to
seamlessly deliver content to their subscribers on any screen. We
provide customizable, cloud-based, end-to-end streaming video solutions
to providers worldwide, allowing them to offer a high-quality video
experience across multiple devices, cost-efficiently, with the end-user
in mind. With 17 years of industry experience, MobiTV helps providers
create customer loyalty by operating a platform with 99.999% uptime
while ensuring video optimization across all screens. We pride ourselves
on collaborating with our customers to deliver industry-leading
solutions that consistently embody innovation and reliability. Our
connected media solutions are tailored for IPTV operators, as well as
mobile TV and over-the-top customers including AT&T, Sprint (News - Alert), T-Mobile,
US Cellular and Reliance among others. For more information visit http://www.mobitv.com/.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170221005310/en/
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