REDWOOD CITY, CA--(Marketwired - Oct 7, 2014) - Qwilt, a provider of online video delivery and transparent caching solutions, today announced that it has received the Multichannel News Innovator Award for its Qwilt Live Stream Cache, an award honoring outstanding products exhibited recently at the annual SCTE Cable-Tec Expo. In further recognition of Qwilt's innovation, the company has been named to Streaming Media Magazine's "100 Companies that Matter Most in Online Video."
Qwilt's Live Stream Cache is the latest advancement in the Qwilt QB-Series Video Fabric Controller and the first solution in the industry that allows network operators worldwide to leverage transparent caching technology to stream live events such as sports, concerts and online gaming from sites such as ESPN, Twitch and YouTube Live, to millions of viewers faster. Qwilt's solution uniquely helps service providers scale their infrastructure and optimize the flow of video-on-demand (VOD) and live video traffic across their networks, while improving quality of experience (QoE) for their subscribers.
"Insatiable consumer demand for online video streaming is filling operator networks with a flood of on-demand and live video streams, which presents a network capacity and quality of service challenge for operators," said Alon Maor, Qwilt CEO. "To be recognized across the industry for our innovative approach to OTT video caching by two notable and esteemed publications is a true honor. This recognition is a strong confirmation of our focus on delivering solutions that will help network operators build the architecture to support the future of online video."
In its inaugural year, the Multichannel News Innovator Award winners were selected by a panel of cable executives and Multichannel News contributors, based on descriptions of the product, as well as upon the judges' inspection at this year's SCTE Cable-Tec Expo.
The fourth annual Streaming Media 100 list, selected by regular contributors of the publication, is comprised of the most interesting, important, and influential companies in the online video industry. Companies included in the list create products, technologies and services that enable either end users or other vendors in the industry to improve online video.
These new accolades add to Qwilt's continued momentum. Major operators worldwide have implemented the company's flagship product, the QB-Series Video Fabric Controller. This increase in deployments has signaled a movement by both fixed broadband and mobile network operators to address the growing problem of streaming video traffic that surges each day to homes from content providers like ESPN, HBO Go, Hulu, Netflix, Twitch and YouTube.
About Qwilt
Qwilt addresses the impact of OTT video on operator networks with a unified, turnkey solution that combines transparent caching, video delivery and analytics technologies deployed at the subscriber edge. Qwilt QB-Series Video Fabric Controllers optimize delivery of streaming video content to relieve network traffic congestion for operators, and deliver a higher quality viewing experience for their customers. A growing number of the world's leading cable, telecom and mobile service providers rely on Qwilt to optimize their networks to support growing consumer demand for online video content as a primary entertainment source. Founded in 2010 by industry veterans from Cisco and Juniper, Qwilt is backed by Accel Partners, Bessemer Venture Partners, Marker and Redpoint Ventures. Learn more at www.qwilt.com.
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Contact Information:
Qwilt Press Contact:
Pam Njissang
Bhava Communications for Qwilt
1 (510) 984-1528