ABI Research Names KIT digital Industry Leader
NEW YORK, NY -- (Marketwire) -- 08/29/12 -- KIT digital Inc. (NASDAQ: KITD), a global video management software and services company, has been named the leader in the content management systems industry for large operators by ABI Research, a market intelligence company specializing in global technology markets.
In a report on video management and delivery companies, ABI highlighted KIT digital as the market leader for content management systems for media and entertainment companies. ABI recognized KIT digital's solutions and services as "attractive to the largest operators with diverse assets," and noted that the size of the company's addressable market is set to double in the next five years.
"ABI's independent analysis of the content management market and recognition of KIT digital's leading position is a clear endorsement of our go-forward strategy," said KIT digital Chief Executive Officer Barak Bar-Cohen. "Our experience providing software and services to the world's largest broadcasters and network operators continues to fuel our growth and innovation."
"Viewers are leading the charge towards IPTV, and broadband media companies are responding to consumer demand with 'TV Everywhere' and 'over-the-top' services," Mr. Bar-Cohen said. "Our innovative and dedicated teams enable those providers to bring their video content to millions of smartphones, tablets, computers and TV screens around the world."
KIT digital's "nearly $175 million video delivery revenues from media & entertainment companies in 2011" puts it ahead of all other companies in the space, ABI noted, adding that "revenues for video platforms distributing video on behalf of media & entertainment companies (including cable & satellite distributors) worldwide will reach $2.1 billion (in 2012), and will grow to over $4 billion in 2017."
About Allied Business Intelligence, Inc.
ABI Research provides in-depth analysis and quantitative forecasting of trends in global connectivity and other emerging technologies. From offices in North America, Europe and Asia, ABI Researchs worldwide team of experts advises thousands of decision makers through 70+ research and advisory services. Est. 1990. For more information visit www.abiresearch.com, or call +1.516.624.2500.
About KIT digital, Inc. (KITD)
KIT digital is a leading video management software and services company. Cosmos and Cloud, the company's video asset management systems, enable leading broadband media companies to produce, manage and deliver multiscreen socially-enabled video experiences to audiences wherever they are. KIT digital services nearly 2,500 clients in 50+ countries including some of the world's biggest brands, such as Airbus, The Associated Press, AT&T, BBC, BSkyB, Disney-ABC, Google, HP, Mediaset, MTV, News Corp, RCS Media Group, Sky Deutschland, Sky Italia, Telecom Argentina, Telecom Italia, Telefonica O2, Universal Studios, Verizon, Vodafone and Volkswagen. KIT digital maintains headquarters in New York City and offices in more than a dozen countries around the world. Visit the company at www.kitd.com or follow on Twitter at www.twitter.com/KITdigital.
KIT digital Media Contact: Daniel Goodfellow SVP, Global Marketing and Communications Tel. +1-917-513-6081 Email Contact KIT digital Investor Contact: Murray Arenson Managing Director, Financial Strategy Tel. +1-646-553-4900 Email Contact
Source: KIT digital, Inc.