Concurrent, (NASDAQ:CCUR), a global leader in unified content delivery and multi-screen video analytics solutions, today announced a strategic agreement with TVC Communications, a division of WESCO Distribution, Inc., to resell Concurrent's UpShift Unified Content Delivery Solution to customers throughout the Caribbean and Latin America (CALA). WESCO, through TVC Communications, is the region's leading solutions provider, supplying the end-to-end system integration, localization, and field support services required to deploy Concurrent's next generation content delivery network solutions. WESCO will resell Concurrent's IP-CDN, transparent caching, cloud DVR, and video on-demand capabilities to address multi-screen and classic TV opportunities in the cable and telecommunications market. "We are proud to work with TVC Communications to expand our sales reach into new and growing markets," said Jim Marino, senior vice president, Global Sales & Services at Concurrent. "We believe UpShift, our unified content delivery solution, is well suited to meet the unique and demanding needs of Latin American service providers. Our all-in-one approach enables service providers to embrace new video formats and deliver revenue-generating services to the latest consumer electronics devices, while also providing a way to modernize their classic set-top box video-on-demand architectures. We believe WESCO will be a strong affiliate to help us introduce our class-leading solution set to a new and broader range of customers." The Latin American pay TV market continues to grow. According to BuddeComm, there are about 68 million pay TV subscribers in the region, an increase of 11 percent year-over-year. Online video usage in the region has also been growing. Online revenues in Latin America are projected to increase by 170 percent between 2013 and 2018 according to IHS Technology. "Concurrent's Unified Content Delivery Solution is a great fit for Latin American service providers that are seeking a more flexible and cost-effective way to reach Internet connected devices and enhance their traditional TV services," said Ken Olsen, senior vice president and general manager of WESCO's TVC Communications' CALA Division. "Our in-region sales and support experience provides us with unique insight into the opportunities and challenges faced by Latin American service providers, and our agreement with Concurrent enables us to serve our customers' needs. We look forward to working with Concurrent, showcasing their solutions to our customers, and providing the local support and services required to integrate their latest technology into operators' networks."
WESCO's TVC Communications' CALA Division is based in Miami. It maintains offices and personnel throughout Latin America to deliver full turnkey services, including system design and implementation services, project management, post-installation support, and product training.About Concurrent Concurrent (NASDAQ:CCUR) is a global leader in unified content delivery, video analytics, and real-time Linux ® solutions. The company delivers solutions for every screen and every network in support of commercial video services. Concurrent's unified content delivery and video analytics solutions support every screen simultaneously, making it easier for cable MSOs, fixed-line telecommunications providers, mobile operators, and online media companies to deliver revenue generating video services to consumers on any device, over any network. The world's leading multichannel video service providers have selected Concurrent to deliver the solutions and services required to support their next-generation multi-screen video initiatives. Concurrent's Emmy ® award-winning video solutions are based upon a rich heritage of high-performance real-time technology. Concurrent's real-time Linux solutions are used to support applications in the defense, aerospace, automotive and financial industries. Concurrent has offices in North America, Europe and Asia. Visit www.ccur.com for further information. Follow us on Twitter: www.twitter.com/Concurrent_CCUR. Certain statements made or incorporated by reference in this release may constitute "forward-looking statements" within the meaning of the federal securities laws. Statements regarding future events and development and our future performance, as well as our expectations, beliefs, plans, estimates, or projections relating to the future, are forward-looking statements within the meaning of these laws. These forward-looking statements include, among others, statements regarding our products and product development. All forward-looking statements are subject to certain risks and uncertainties that could cause actual events to differ materially from those projected. Such risks and uncertainties include our ability to meet customer schedules and demands and deployment and integration goals. Important risk factors are discussed in our Form 10-K filed with the Securities and Exchange Commission ("SEC") on August 27, 2014, and may be discussed in subsequent periodic reports filed with the SEC. The risk factors discussed in such Form 10-K and subsequently filed periodic reports under the heading "Risk Factors" are specifically incorporated by reference in this press release. Our forward-looking statements are based on current expectations and speak only as of the date of such statements. We undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of future events, new information, or otherwise.
Concurrent Computer Corporation and its logo are registered trademarks of Concurrent. Concurrent product names are trademarks or registered trademarks of Concurrent, while all other product names are trademarks or registered trademarks of their respective owners.About WESCO International, Inc. WESCO International, Inc. (NYSE:WCC), a publicly traded Fortune 500 company headquartered in Pittsburgh, Pennsylvania, is a leading provider of electrical, industrial, and communications maintenance, repair and operating (MRO) and original equipment manufacturers (OEM) products, construction materials, and advanced supply chain management and logistic services. 2013 annual sales were approximately $7.5 billion. The company employs approximately 9,200 people, maintains relationships with over 25,000 suppliers, and serves over 75,000 active customers worldwide. Customers include commercial and industrial businesses, contractors, government agencies, institutions, telecommunications providers, and utilities. WESCO operates nine fully automated distribution centers and approximately 475 full-service branches in North America and around the world, providing a local presence for customers and a global network to serve multi-location businesses and multi-national corporations. Through TVC Communications, WESCO's offering includes technologies, products, and customized services for the delivery of high-speed data, digital video and digital voice services. www.tvcinc.com.