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ON24 and Akamai Join Forces to Deliver High-Performance, Web-Based Business Communications
ON24 provides a full suite of end-to-end rich media products and services that enable corporations in the financial services, healthcare and technology industries to deliver their business communications cost-effectively to the widest audience. As recently reported by Jupiter Media Metrix, corporations are expected to spend dramatically higher amounts on streaming technology in the next four years. Together, ON24 and Akamai are addressing this increased demand for enterprise streaming solutions that provide a high-performance infrastructure for rich media database management, corporate product launches, keynote addresses, investor relations communications, internal communications, and coverage of live conferences and events.
Through the agreement, ON24 will offer its corporate customers Akamai's industry-leading Akamai Conference and Akamai Forum enterprise streaming services. This will provide ON24's customers a cost-effective means of extending the reach of their events, while cutting costs associated with traditional communications methods. ON24 customers can leverage the Akamai Conference service to provide delivery of live and on-demand audio and video streaming with or without synchronized presentation materials. In addition, Akamai Forum provides an end-to-end event management application for interactive, studio-quality webcasting with integrated audience management and extensive reporting.
"This agreement is a tremendous value-add for ON24 clients, as Akamai's core competencies complement our own in providing the most cutting-edge webcasting capabilities available," said Scott Diehl, senior vice president, sales and business development, ON24. "We're pleased to extend these additional capabilities to our customers, who are at the forefront of advanced, interactive webcasting today."
"The market for enterprise streaming applications is expected to soar as more and more businesses realize the significant cost savings associated with utilizing the Internet as an effective business communications medium," said Chris Turner, vice president, worldwide channel distribution, Akamai. "The Akamai Conference and Akamai Forum services leverage our worldwide network for high-performance content delivery while adding reach and interactivity to business communications. We're excited to work with ON24 to help organizations better realize the potential of the Internet as a powerful communications platform."
Akamai provides enterprise and Internet businesses with a highly reliable, high-performance platform for the delivery of all forms of content from the Internet's edge. The massive scalability of the Akamai network ensures support for high-volume, worldwide audiences, regardless of Internet congestion caused by network bottlenecks. Akamai delivers live event webcasts, streaming media on demand, and a range of streaming application services based upon this globally distributed network and Akamai's core technology for the intelligent, real-time routing of content requests based on end user location.
About ON24
ON24 is the Internet's leading rich media communications and financial media network. The company creates and aggregates multimedia programming in the technology, financial services, mutual funds, and healthcare industries. ON24's programming is available to more than 80 million users through its partnerships with Yahoo! (Nasdaq: YHOO), Nasdaq.com, Merrill Lynch (Nasdaq: MER), Morningstar.com, Lycos/Quote.com (Nasdaq: LCOS), CNET (Nasdaq: CNET), InfoSpace/Silicon Investor and Tellme, among hundreds of others. ON24's rich media solutions target the financial, technology and healthcare industries. These include a full suite of communications such as the Mutual Fund Briefing Solution, Multimedia Communications, Investor Relations and Conference products, in addition to platform software products. Based in San Francisco, the privately held company was founded in 1998.
About Akamai
Akamai is the leading Content Delivery Service Provider, serving thousands of customers worldwide. Akamai has the broadest deployment of servers for content, streaming media, and applications delivery with more than 9,700 servers in 56 countries directly connected within over 650 different telecommunications networks.
| Contacts: |
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| Felicia Spagnoli Media Relations Akamai Technologies 617-613-2525 spagnoli@akamai.com |
--or-- | Jenny Benton ON24 415-369-8025 jenny@on24.com |
ON24 to Offer Comprehensive Suite of State-of-the-Art Web Communications Solutions
San Francisco, CA and Cambridge, MA - May 14, 2001 - ON24, the leading rich media communications and financial media network, and Akamai Technologies, Inc. (Nasdaq: AKAM), the leading Content Delivery Service Provider (CDSP), today announced a strategic agreement through which customers of ON24's rich media production and targeted distribution capabilities will now be able to leverage Akamai's globally distributed network for enhanced, end-to-end multimedia communications.ON24 provides a full suite of end-to-end rich media products and services that enable corporations in the financial services, healthcare and technology industries to deliver their business communications cost-effectively to the widest audience. As recently reported by Jupiter Media Metrix, corporations are expected to spend dramatically higher amounts on streaming technology in the next four years. Together, ON24 and Akamai are addressing this increased demand for enterprise streaming solutions that provide a high-performance infrastructure for rich media database management, corporate product launches, keynote addresses, investor relations communications, internal communications, and coverage of live conferences and events.
Through the agreement, ON24 will offer its corporate customers Akamai's industry-leading Akamai Conference and Akamai Forum enterprise streaming services. This will provide ON24's customers a cost-effective means of extending the reach of their events, while cutting costs associated with traditional communications methods. ON24 customers can leverage the Akamai Conference service to provide delivery of live and on-demand audio and video streaming with or without synchronized presentation materials. In addition, Akamai Forum provides an end-to-end event management application for interactive, studio-quality webcasting with integrated audience management and extensive reporting.
"This agreement is a tremendous value-add for ON24 clients, as Akamai's core competencies complement our own in providing the most cutting-edge webcasting capabilities available," said Scott Diehl, senior vice president, sales and business development, ON24. "We're pleased to extend these additional capabilities to our customers, who are at the forefront of advanced, interactive webcasting today."
"The market for enterprise streaming applications is expected to soar as more and more businesses realize the significant cost savings associated with utilizing the Internet as an effective business communications medium," said Chris Turner, vice president, worldwide channel distribution, Akamai. "The Akamai Conference and Akamai Forum services leverage our worldwide network for high-performance content delivery while adding reach and interactivity to business communications. We're excited to work with ON24 to help organizations better realize the potential of the Internet as a powerful communications platform."
Akamai provides enterprise and Internet businesses with a highly reliable, high-performance platform for the delivery of all forms of content from the Internet's edge. The massive scalability of the Akamai network ensures support for high-volume, worldwide audiences, regardless of Internet congestion caused by network bottlenecks. Akamai delivers live event webcasts, streaming media on demand, and a range of streaming application services based upon this globally distributed network and Akamai's core technology for the intelligent, real-time routing of content requests based on end user location.
About ON24
ON24 is the Internet's leading rich media communications and financial media network. The company creates and aggregates multimedia programming in the technology, financial services, mutual funds, and healthcare industries. ON24's programming is available to more than 80 million users through its partnerships with Yahoo! (Nasdaq: YHOO), Nasdaq.com, Merrill Lynch (Nasdaq: MER), Morningstar.com, Lycos/Quote.com (Nasdaq: LCOS), CNET (Nasdaq: CNET), InfoSpace/Silicon Investor and Tellme, among hundreds of others. ON24's rich media solutions target the financial, technology and healthcare industries. These include a full suite of communications such as the Mutual Fund Briefing Solution, Multimedia Communications, Investor Relations and Conference products, in addition to platform software products. Based in San Francisco, the privately held company was founded in 1998.
About Akamai
Akamai is the leading Content Delivery Service Provider, serving thousands of customers worldwide. Akamai has the broadest deployment of servers for content, streaming media, and applications delivery with more than 9,700 servers in 56 countries directly connected within over 650 different telecommunications networks.
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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.
