-- Since 2006, the company has achieved a minimum year-on-year growth rate of 50 to 60 percent, which far exceeds the OVP market's cumulative average growth rate of 13.2 percent
MOUNTAIN VIEW, California, Sept. 18, 2014 /PRNewswire/ -- Based on its recent analysis of the online video platforms (OVP) market, Frost & Sullivan recognizes Kaltura, Inc. with the 2014 Global Frost & Sullivan Award for Growth Excellence Leadership. While the OVP market has been growing at a cumulative average growth rate of 13.2 percent, Kaltura has consistently registered year-on-year growth rates upward of 50 to 60 percent since it was founded in 2006. Such impressive above-market performance points to the company's exceptional ability to design and implement robust growth strategies.
To download Kaltura's Award Write Up, visit http://site.kaltura.com/Kaltura_Frost__Sullivan_Award.html
As a testament to its growth and forward-looking strategy, Kaltura received $50 million in venture capital funding in February 2014. The company subsequently announced plans to enhance its focus on the pay TV market, make advances, and integrate additional functionalities such as webcasting, lecture capture capabilities, analytics, and a monetization suite into its product. After receiving the latest round of funding, it also began diversifying geographically into emerging markets such as Brazil, China and Mexico, as well as mature video markets like Japan, Korea, Australia and Singapore.
Kaltura's mission is to "power any video experience" and has uniquely positioned itself to provide the broadest cloud video platform that supports Paid TV use cases (OTT); learning collaboration and training use cases for enterprises (EVP); teaching learning, lecture capture and MOOCs for educational institutions (EdVP); and all video communications experiences, including webcasting, Web conferencing and VOD (Unified Video Communications Platform). Kaltura's flexible architecture is also uniquely positioned to provide large cloud vendors and hosting providers with a powerful cloud video platform for their needs.
"From the time Kaltura entered the crowded OVP market, its growth strategy spelled success," said Frost & Sullivan Industry Analyst Anisha Vinny. "This is adequately demonstrated by its transformation from being a pioneer in the provision of open-source video solutions to small publishers, to being a company that provides live and on-demand video solutions to large corporations globally, across four large markets: enterprise, education, media, and business-to-business and business-to-consumer service providers (cloud computing providers, and cable, satellite and mobile operators)."
Kaltura's success is partly fuelled by its belief that every company is a media company. By making this conviction integral to its product development process, the company has built a rich, modular and flexible set of open application program interfaces (APIs) that can be assembled into many different video solutions. As customers have access to the APIs in the form of a platform-as-a-service, an open-source community of over 100,000 developers, and a wide array of out-of-the-box solutions, they can satisfy their individual requirements with ease.
Partnerships and acquisitions have also been central to Kaltura quick wins in the global OVP market. The company's recent partnership with Wowza enabled it to enhance its live streaming offering. Further, the company's acquisition of Tvinci has helped it expand its capabilities; gain access to a wider customer and partner network; and develop a deeper, comprehensive and compelling offering for the media and entertainment and service provider markets.
Always focused on growth, Kaltura looks ahead of the industry status quo, spotting gaps in the market as well as in its own product portfolio, and devising blue ocean strategies to capitalize on these opportunities. For instance, the company has identified that video will become a key force for cloud vendors to reckon with and has consequently engaged in conversations with leading cloud solution providers like Amazon AWS, Microsoft Azure, IBM, Rackspace and Canopy. Its competence and astute business strategies have also won it several top-tier clients such as Oracle, AT&T, Disney, Target, Honda, Nestle, the Mayo Clinic, United Health Group, Astra Zeneca, Harvard, Yale, Stanford, and Durham.
"Overall, thanks to its clarity of vision, impeccable growth strategy execution, and unparalleled success in a cross-vertical setting, Kaltura continues to build and sustain a loyal and flourishing customer and partner base," concluded Vinny.
Each year, Frost & Sullivan presents this Award to the company that demonstrates excellence in capturing the highest annual compound growth rate for the past three years.
Frost & Sullivan Best Practices Awards recognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis and extensive secondary research to identify best practices in the industry.
About Kaltura, Inc.
Kaltura's mission is to power any video experience. The company provides the world's leading video technology, including more than a dozen video-based Software-as-a-Service offerings, as well as an open and flexible Platform-as-a-Service for developing new video experiences based on hundreds of APIs for video ingestion, transcoding, metadata management, distribution, publishing, engagement, monetization, and analytics. A recognized leader in the OTT TV (Over the Top TV), OVP (Online Video Platform), and EVP (Enterprise Video Platform) markets, Kaltura has emerged as the fastest growing video platform, and as the one with the widest use-case and appeal. Kaltura is deployed globally in thousands of organizations and engages hundreds of millions of viewers at home, in work, and at school. Kaltura provides media companies with advanced video management, publishing, and monetization tools that increase reach and monetization, and that simplify production and publishing workflows. Kaltura offers enterprises video solutions that boost marketing and sales and improve internal and external communications, training, and collaboration. Kaltura enables educational institutions with disruptive online video solutions that improve teaching and learning, and increase engagement across campuses and beyond. Kaltura enables cloud computing providers and cable, satellite, and mobile operators to launch video-based services for both consumers and businesses. Kaltura is committed to its core values of openness, flexibility, and collaboration, and is the initiator and backer of the world's leading open-source video-management project, which is home for more than 100,000 community members. For more information, visit www.kaltura.com, www.kaltura.org, or www.html5video.org.
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