Concurrent (NASDAQ:CCUR), a global leader in unified content delivery, video analytics, and real-time Linux solutions, today announced the release of a new software-defined object storage solution as part of its UP™ suite of multi-screen video solutions. Designed to support cloud DVR and other IP video applications, the company's newest storage solution is a high performance, resilient, and easy-to-manage platform that can scale to meet service providers' rapidly growing content storage requirements. Concurrent's distributed object storage solution is an ideal choice for service providers interested in launching new IP video applications such as network-based digital video recording (DVR) or personal video lockers that require a large amount of storage capacity. With modular scaling, flexible storage options, on-the-fly capacity upgrades, and self-healing capabilities, Concurrent's object storage offers the features service providers need to launch applications requiring petabyte and exabyte storage levels. "Concurrent's object storage solution enables our customers to capitalize on the benefits of doing business in the cloud, which include better cost efficiency, improved flexibility, and simplified scaling," said James Brickmeier, SVP of Strategic Marketing at Concurrent. "Unlike general purpose storage options, our object store is optimized for capacity hungry, massively parallel, bandwidth intensive, multi-screen video applications like cloud DVR. With the economics of network-based storage becoming more attractive than set-top DVRs, we expect more and more customers to look to cloud technologies as they add storage capacity." Concurrent's new object storage solution supports industry standard open interfaces such as OpenStack ® Swift, Amazon S3™, NFS, and CIFS. It is fully integrated with Concurrent's UpShift™ Unified Content Delivery Solution and supports a wide range of applications, including storage for video-on-demand, catch-up TV, and cloud DVR services. The software offers dynamic data replication, balancing of content across storage nodes, automatic data recovery, geo-redundancy, and auto-tiering of content within storage classes based on popularity. While optimized for video, customers can also maintain non-video content and unstructured data within the same software-defined storage infrastructure. Concurrent's object storage solution is currently available and shipping to customers.
About ConcurrentConcurrent (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.
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