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Context Media and Akamai Align for Digital Content Solutions
Under the agreement, Context Media will become a provider of Akamai's content and streaming media delivery services. Context Media's solutions change the way digital content is shared, syndicated, and authored, internet-wide. The Context Media Interchange PlatformTM offers a technology infrastructure to help companies extend their content reach, expand their brand awareness, and create new revenue opportunities with their content assets. Akamai's FreeFlowSM and FreeFlowSM Streaming Services will complement the Context Media Interchange Platform by providing high-performance, reliable delivery of Context Media's customers' shared content. Customers of Context Media will have access to consolidated usage statistics from Akamai's real-time and historical reporting tools and the Interchange Platform.
In addition, Context Media will become an Akamai preferred solution partner for rich media content syndication, and plans to integrate access to Akamai's services through its Interchange Platform. The companies will also engage in a variety of co-marketing activities.
"Consistent with our strategy of partnering with best-of-breed companies, our new relationship with Akamai will enable us to offer our customers the opportunity to deliver richer media experiences to end users," said Dan Harple, Context Media President and CEO.
"Context Media has built a robust and innovative platform that benefits from Akamai's powerful content delivery infrastructure," said Robert Hughes, director, channel programs, Akamai. "We're looking forward to uniting our complementary technologies and approaches to help online businesses be more successful."
The Context Media Interchange Platform allows companies to draw on the strengths of installed legacy content and asset management systems to publish and share their content across all relevant platforms, create new business models, and generate new sources of revenue from high-value content assets.
Akamai's FreeFlow and FreeFlow Streaming Services improve Web site performance and reliability by delivering rich Web content and streaming media from Akamai's globally distributed network of 8,000 servers in 55 countries. Both services are built upon the Company's EdgeAdvantageSM platform that uses sophisticated algorithms to monitor the Internet on a real-time basis, understand the location of the requesting user, and make intelligent decisions about the best and most efficient Akamai edge server from which to deliver content to the end user.
About Akamai
Akamai is the leading Content Delivery Service Provider, serving more than 3,600 customers worldwide. Akamai has the broadest deployment of servers for content, streaming media, and applications delivery with more than 8,000 servers in 55 countries directly connected within 473 different telecommunications networks.
About Context Media, Inc.
With groundbreaking new technology, Context Media's solutions change the way digital content is shared, syndicated, and authored, internet-wide. The Context Media Interchange PlatformTM offers a technology infrastructure to help companies extend their content reach, expand their brand awareness, and create new revenue opportunities with their content assets. Led by a team of Internet infrastructure innovators, including former Netscape senior management, and Oscar and Emmy-award-winning production professionals, Context Media has received funding from some of the country's best-known venture capital firms and software platform providers, including New Enterprise Associates (NEA), Lehman Bros. Venture Capital, Macromedia Ventures, and Adams Capital Management (ACM).
Context Media's customers and partners include Discovery Health, ABC News, NBC, MSNBC, CBS, National Geographic, Suretrade.com, Women.com, Oracle, Sun, RealNetworks, Macromedia, Loudcloud, medium4.com, meTV.com, and emuzed. Context Media is based in Providence, RI and has offices in Los Angeles, New York City and Atlanta. For more information, visit Context Media's website at http://www.contextmedia.com.
Akamai Statement Under the Private Securities Litigation Reform Act
The release contains information about future expectations, plans and prospects of Akamai's management that constitute forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those indicated by these forward-looking statements as a result of various important factors including, but not limited to, the dependence on Akamai's Internet content delivery service, a failure of its network infrastructure, the complexity of its service and the networks on which the service is deployed, the failure to obtain access to transmission capacity and other factors that are discussed in the Company's Annual Report on Form 10-K and other documents periodically filed with the SEC.
| Contacts: |
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| Caryn Converse Akamai Technologies 617-250-4661 converse@akamai.com |
--or-- | Sarah Garnsey Context Media, Inc. 401-854-3422 sgarnsey@contextmedia.com |
Combined Offering Will Bring Powerful New Ways for Customers to Capitalize on Content Assets
Providence, RI and Cambridge, MA - March 7, 2001 -- Context Media, Inc., the leader in providing infrastructure solutions for managing the sharing, distribution, and syndication of digital media assets, and Akamai Technologies, Inc., (NASDAQ: AKAM), the leading Content Delivery Service Provider (CDSP), today announced an alliance to bring customers new approaches to capitalize on their content assets.Under the agreement, Context Media will become a provider of Akamai's content and streaming media delivery services. Context Media's solutions change the way digital content is shared, syndicated, and authored, internet-wide. The Context Media Interchange PlatformTM offers a technology infrastructure to help companies extend their content reach, expand their brand awareness, and create new revenue opportunities with their content assets. Akamai's FreeFlowSM and FreeFlowSM Streaming Services will complement the Context Media Interchange Platform by providing high-performance, reliable delivery of Context Media's customers' shared content. Customers of Context Media will have access to consolidated usage statistics from Akamai's real-time and historical reporting tools and the Interchange Platform.
In addition, Context Media will become an Akamai preferred solution partner for rich media content syndication, and plans to integrate access to Akamai's services through its Interchange Platform. The companies will also engage in a variety of co-marketing activities.
"Consistent with our strategy of partnering with best-of-breed companies, our new relationship with Akamai will enable us to offer our customers the opportunity to deliver richer media experiences to end users," said Dan Harple, Context Media President and CEO.
"Context Media has built a robust and innovative platform that benefits from Akamai's powerful content delivery infrastructure," said Robert Hughes, director, channel programs, Akamai. "We're looking forward to uniting our complementary technologies and approaches to help online businesses be more successful."
The Context Media Interchange Platform allows companies to draw on the strengths of installed legacy content and asset management systems to publish and share their content across all relevant platforms, create new business models, and generate new sources of revenue from high-value content assets.
Akamai's FreeFlow and FreeFlow Streaming Services improve Web site performance and reliability by delivering rich Web content and streaming media from Akamai's globally distributed network of 8,000 servers in 55 countries. Both services are built upon the Company's EdgeAdvantageSM platform that uses sophisticated algorithms to monitor the Internet on a real-time basis, understand the location of the requesting user, and make intelligent decisions about the best and most efficient Akamai edge server from which to deliver content to the end user.
About Akamai
Akamai is the leading Content Delivery Service Provider, serving more than 3,600 customers worldwide. Akamai has the broadest deployment of servers for content, streaming media, and applications delivery with more than 8,000 servers in 55 countries directly connected within 473 different telecommunications networks.
About Context Media, Inc.
With groundbreaking new technology, Context Media's solutions change the way digital content is shared, syndicated, and authored, internet-wide. The Context Media Interchange PlatformTM offers a technology infrastructure to help companies extend their content reach, expand their brand awareness, and create new revenue opportunities with their content assets. Led by a team of Internet infrastructure innovators, including former Netscape senior management, and Oscar and Emmy-award-winning production professionals, Context Media has received funding from some of the country's best-known venture capital firms and software platform providers, including New Enterprise Associates (NEA), Lehman Bros. Venture Capital, Macromedia Ventures, and Adams Capital Management (ACM).
Context Media's customers and partners include Discovery Health, ABC News, NBC, MSNBC, CBS, National Geographic, Suretrade.com, Women.com, Oracle, Sun, RealNetworks, Macromedia, Loudcloud, medium4.com, meTV.com, and emuzed. Context Media is based in Providence, RI and has offices in Los Angeles, New York City and Atlanta. For more information, visit Context Media's website at http://www.contextmedia.com.
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Akamai Statement Under the Private Securities Litigation Reform Act
The release contains information about future expectations, plans and prospects of Akamai's management that constitute forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those indicated by these forward-looking statements as a result of various important factors including, but not limited to, the dependence on Akamai's Internet content delivery service, a failure of its network infrastructure, the complexity of its service and the networks on which the service is deployed, the failure to obtain access to transmission capacity and other factors that are discussed in the Company's Annual Report on Form 10-K and other documents periodically filed with the SEC.
