Loudeye Announces Expanded Alliance with Akamai

By | April 26, 2002 at 12:00 AM

Loudeye Technologies, Inc., a leading provider of Webcasting and digital media services, today announced an expanded relationship with Akamai Technologies, Inc., a leading provider of secure, outsourced e-business infrastructure services and software, to offer premium digital media solutions for Fortune 1000 customers and large-scale streaming events.

Through its Activate subsidiary, Loudeye offers a complete, turnkey solution for live and on-demand audio and video Webcasts supported by proprietary applications for slide synchronization, audience interaction and real-time reporting. Loudeye allows enterprises to enhance internal and external communications through a variety of corporate events such as investor calls, product launches, sales presentations, conferences and distance learning seminars.

The expanded alliance with Akamai enables Loudeye’s customers to benefit from the combined value of Loudeye’s Webcasting services and Akamai’s globally distributed computing platform and streaming services. The offering increases the scalability and capacity of Loudeye’s services, extending its international reach to meet the needs of Fortune 1000 customers and large-scale, high-volume streaming events.

As part of the expanded alliance, the two companies will collaborate on sales and marketing initiatives to their respective Fortune 1000 client bases. Akamai’s streaming services are being integrated with Loudeye’s Grand Central facility to provide a seamless deployment of the combined offering.

“A globally-distributed computing platform is crucial to supporting the end-user demands placed upon the Internet for rich, interactive content,” said Michael Ruffolo, Akamai’s executive vice president, global sales, services and marketing. “Loudeye’s innovative Webcasting applications and services used in conjunction with Akamai’s globally distributed platform will provide customers a complete solution for extending the reach of their business communication events, while cutting costs associated with traditional methods.”

“As digital media becomes a standard medium for business communication and large-scale event Webcasting, companies are recognizing the value of advanced applications with a scalable and reliable streaming infrastructure,” said John T. Baker, Loudeye’s chairman and chief executive officer. “Our recent PGA TOUR Webcast at THE PLAYERS Championship demonstrates the effectiveness of our collaboration with Akamai’s network. The alliance enables Loudeye to offer Fortune 1000 customers the value of our Webcasting services combined withAkamai’s intelligent content and application delivery services, including the added benefit of international distribution.”

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