REDWOOD CITY, CA--(Marketwired - Oct 1, 2013) - Qwilt, a leading provider of online video delivery and transparent caching solutions, today announced that its flagship product, the Qwilt QB-Series Video Fabric Controller, is co-winner of the distinguished Broadband Technology Report (BTR) Innovation Award for 2013. The product received a 3.5 diamond rating in BTR's premiere annual Diamond Technology Reviews program, "The Diamonds." The company also announced that is has been honored among the '100 Companies that Matter Most in Online Video' by Streaming Media Magazine, and is a finalist for Best New Product (Mobile) in Light Reading's 2013 Leading Lights Awards.
Established by BTR in 2004, the Diamond Technology Reviews is the cable industry's most elite annual product review program, evaluated by a prestigious panel of multi-system operator (MSO) executives and consultants. 2013 marks the first year for BTR's overall Innovation Award, for a new technology that has made a positive impact on cable end users with respect to reliability, efficiency, capacity, cost savings, bandwidth, and quality of service. The BTR Innovation Award is given to the product that shows the single most advanced technical capability or "game-changing" technology introduced in 2013.
"Online video is clearly one of the most critical industry challenges network operators will face over the next decade," said Tim Hermes, Founder and Publisher of the Broadband Technology Report. "Qwilt's QB-Series appears to be a great solution for operators looking for a cost-effective solution to deliver OTT video with the quality of service consumers require."
Qwilt's Video Fabric was engineered from the ground-up to deliver large volumes of video traffic from the subscriber edge, with unprecedented reliability and performance. Qwilt's QB-Series Video Fabric Controller monitors video traffic on operator networks to identify trending and popular titles, and then stores them locally at the subscriber edge, in close proximity to the end user. This eliminates the need for replication of content streams from origin sites or content delivery networks (CDNs), reducing network traffic and congestion for operators, and delivering a seamless, high quality viewing experience for consumers.
"We are truly honored to receive both this innovation award and strong score from Broadband Technology Report. This recognition is further validation that our solution, which optimizes online video with vastly improved QoE at a fraction of the cost for network operators, is the type of innovation the market is hungry for," said Alon Maor, Qwilt CEO. "With a bevy of premium content options from providers like Netflix and Hulu, and a proliferation of connected devices in the average home, online video is growing exponentially and is showing no signs of stopping. Our unique and transparent approach to video delivery is rapidly becoming a critical part of the new Internet architecture that is required to support the streaming video ecosystem. We remain singularly focused on our goal to see the Qwilt Video Fabric deployed globally to ensure operator networks can support the future demand for streaming video at scale."
Learn More About Qwilt's Award-Winning Video Fabric Controllers
Visit http://www.qwilt.com/products/ for more information.
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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