REDWOOD CITY, Calif., March 06, 2018 (GLOBE NEWSWIRE) -- Qwilt, a leading provider of content delivery and open video caching solutions, announced today that PLDT, the Philippines’ leading telecoms and digital services provider with more than 62 million subscribers across both fixed and mobile broadband networks, will tap Qwilt for its award-winning open caching solution to optimize content delivery and further improve Quality of Experience (QoE) for its customers.
“PLDT continues to offer innovative services that are cost effective yet deliver the high quality of experience our customers expect and deserve,” PLDT Senior Vice President and Head of Consumer Business for Market Development Oscar Enrico Reyes, Jr. said. “By deploying Qwilt open caching, we are bolstering our network for the future demand for live and on-demand streaming services.”
The growing demand for streaming media is not surprising given that the Philippines ranks number one in the world for time spent on social media according to the report Digital in 20171. Furthermore, the rapid growth of Internet users, which grew by 27% between January 2016 and January 2017, means Internet penetration in the Philippines reached 60% of the population, sharply higher than the worldwide average penetration of 50%2. These trends mean mobile and fixed broadband networks are being flooded with live and on-demand streaming video throughout the day. Increasingly, service providers are now deploying a new, open network architecture for content delivery which is essential to meet requirements for scale and quality.
“In the Philippines, streaming video consumption is at an all-time high and continues to grow rapidly. As we’ve seen elsewhere, with increased demand for online video, there is an urgent need for a new network architecture to help service providers manage this dramatic growth,” said Alon Maor, CEO and co-founder of Qwilt. “We’re pleased to deploy Qwilt’s solution for PLDT in the Philippines. Moreover, we are thrilled to partner with PLDT to further provide them with a higher quality content delivery infrastructure across their network.”
Qwilt's open cache solution is engineered specifically for high performance and scalable video delivery in the demanding environment of high capacity service provider networks. Qwilt's solution is delivered as a fully managed service to speed deployment and streamline ongoing operation. The broader operator organization -- including network planning, engineering and operations teams -- benefits from comprehensive media analytics, which offer insights into growth trends, content sources and consumer preferences. By relying on open caching for online video delivery at the network edge, service providers can substantially reduce network capital and operational costs as they scale -- a typical open cache deployment yields a return on investment (ROI) in less than 12 months.
To get in touch with Qwilt regarding its deployments in Southeast Asia, visit http://qwilt.com/contact/ and direct inquiries to Nick Lincoln, VP of Sales in Southeast Asia.
1 http://technology.inquirer.net/58090/ph-worlds-no-1-terms-time-spent-social-media
About PLDT
Philippine Long Distance Telephone Company (PLDT) is the leading telecommunications and internet service provider in the Philippines. Through its three principal business groups—fixed line, wireless and information and communication technology — PLDT offers the largest and most diverse range of telecommunications services across the Philippines’ most extensive fiber optic backbone and fixed line, cellular and satellite networks.
PLDT is listed on the Philippine Stock Exchange (PSE:TEL) and its American Depositary Shares are listed on the New York Stock Exchange (NYSE:PHI). PLDT has one of the largest market capitalizations among Philippine-listed companies.
About Qwilt
Qwilt’s unique Edge Cloud Platform and Open Caching software solutions help Internet service providers address the dramatic growth of streaming media on their networks and the need for a low latency, high scale infrastructure to support future applications. Qwilt’s cloud managed open platform, running on commodity compute and storage infrastructure and deployed close to consumers, creates a massively distributed Edge Cloud that supports applications such as Open Caching, 4K Live Streaming, AR, VR, Self- Driving Cars and IoT. This low latency Edge Cloud architecture enables a high quality streaming experience for consumers on a massive scale. A growing number of the world’s leading cable, telco and mobile service providers rely on Qwilt for Edge Cloud applications.
Qwilt is a Founding Member of the Streaming Video Alliance and a leader of the Open Caching industry movement. Founded in 2010 by industry veterans from Cisco and Juniper, Qwilt is backed by Accel Partners, Bessemer Venture Partners, Cisco Ventures, Disrupt-ive, Innovation Endeavors, Marker and Redpoint Ventures. Learn more at www.qwilt.com.
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