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Abacast Reports Record Growth for 2008 - Top line growth of 38% significantly exceeds CDN industry average and builds on 2007 record revenues. Key customer wins include Regent Communications, FutureStream Networks, and Canadian Broadcasting Company
Abacast Reports Record Growth for 2008

 

PRZOOM - /newswire/ - Camas, WA, United States, 2009/01/06 - Top line growth of 38% significantly exceeds CDN industry average and builds on 2007 record revenues. Key customer wins include Regent Communications, FutureStream Networks, and Canadian Broadcasting Company.

   
 
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Abacast closing in on the 50 million install mark for its peer-assisted client.

Abacast, Inc., a leader in real-time streaming solutions has today announced record revenue growth for 2008. Growth over 2007 revenues came in at 38%, significantly exceeding the CDN industry average growth rate of approximately 28%.

Revenue growth was consistent across the full suite of Abacast’s services including unicast and peer-assisted streaming, revenue generation services such as Ad Injection Service™, and user experience enhancements via Abacast Premier and Custom Players. Notably, hybrid and peer-assisted streaming revenue comprised almost 40% of Abacast’s total revenue, demonstrating the clear value proposition of a hybrid CDN solution.

“Customers are coming to Abacast for our full service solutions--from our rock-solid live and on-demand unicast and hybrid streaming, to rich, branded user experiences to optimized revenue generation,” said Jim Kott, VP of Sales and Marketing. “Our focus this year on ROI and revenue generation has also is also paying off and clearly attracting customers,”

2008 also saw Abacast close in on the 50 million milestone for installs of its industry-leading peer-assisted client. With over 48 million clients installed to date, Abacast projects the 50 million mark will be reached in early 2009.

“The ability to achieve this growth rate in this challenging economic environment is a testament to the value propositions and maturity of our hybrid delivery solutions and to the overall growth of streaming video in the marketplace”, added Rob Green, Board Member and Managing Director. “This is Abacast’s 3rd consecutive year of record revenues, and I’m very encouraged about our prospects for 2009.”

About Abacast, Inc.

Abacast, Inc. (abacast.com) is a commercial quality, Hybrid Content Distribution Network (CDN), offering the most options in the industry to distribute and monetize Internet distribution of rich media including live video and online radio, Video-on-Demand, and games and software. Abacast, Inc. is headquartered in Camas, WA and is a privately held company.

 
 
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Agency / Source: Abacast | WideOrbit, Inc.

 
 

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Abacast Reports Record Growth for 2008

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Contact: Press Office - Abacast.com 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Abacast | WideOrbit, Inc. securities in any jurisdiction including any other companies listed or named in this release.

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