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MainstreamNetwork Acquires StreamAudio(May 03, 2012)
Bangor Me (PRWEB) May 03, 2012
MainstreamNetwork, a company specializing in providing high quality, affordable streaming services, has announced their acquisition of StreamAudio, a streaming service provider based in Tacoma, Washington. Terms of the deal were not disclosed.
The merger provides a wider array of services and stronger infrastructure to clients joining MainstreamNetwork. MainstreamNetwork and StreamAudio will be merging their player box technologies to form one of the most advanced player boxes in the industry today, said David Palmer, MainstreamNetwork Vice-President of Sales and Marketing. Perhaps best of all, he continued, MainstreamNetwork customers will now have access to StreamAudios royalty reporting tool. This royalty reporting tool works together with all automation software to provide comprehensive data for all types of royalty reports.
The purchase of StreamAudio marks the third such acquisition in the last three years by ChristianNetcast.com (CNC), the parent company of MainstreamNetwork. This was an ideal situation for us to broaden our customer base and continue to grow, said Palmer. In April 2009, CNC purchased NWR Network (NWR) of Colorado Springs and in 2011 they acquired Barnabas Road Media (BRM) of Indianapolis. As the parent company, CNC now owns and operates MainstreamNetwork, BRM, NWR, and StreamAudio.
We have seen growth in a very difficult economy and feel very blessed to continue to grow the company through acquisitions like StreamAudio where we are continuously adding new customers to existing companies, said Palmer. The StreamAudio acquisition fits perfectly into our marketing plans for MainstreamNetwork.
Evolving technology allows streaming to continue through the acquisition with no interruption in service. Todd VanTasel, MainstreamNetwork Vice-President of Technology explained, For former StreamAudio customers, the transition will require no action whatsoever and will be unnoticeable for listeners." VanTasel also stated that the ChristianNetcast.com infrastructure has made many advances that will be of great benefit to new MainstreamNetwork customers. StreamAudio clients will continue to have access to the many features they have enjoyed and will now be able to benefit from the many improved technologies that MainstreamNetwork offers to provide a comprehensive streaming service.
In June of 2010 MainstreamNetwork launched its own iPhone app on the Apple iStore. The app can be used to listen to the streaming companies stations on an iPhone, iPod Touch or the new iPad. VanTasels primary focus these days is to address the growing need for customers ever changing platforms. "We have an obligation to our customers and their listeners to lead the way with technology and developing services valuable to our customers," stated VanTasel. "Developing our own app that would be available for download from the Apple iStore became a top priority for us."
The expansion and growth of MainstreamNetwork in the last few years is unprecedented in the streaming industry. By staying out ahead of emerging technology, weve strategically positioned ourselves to take advantage of growth opportunities, Palmer explained. Expanding a business is always tricky, but to be able to accomplish this kind of rapid growth in a still recovering economy is a credit to our customer service and our client loyalty. When asked about further acquisitions, Palmer replied, Were continuously looking at new opportunities and are committed to keeping ourselves in a position to expand further.
For more information on MainstreamNetwork and its services, visit http://www.MainstreamNetwork.com, or call toll-free (866) 7-STREAM.
Read the full story at http://www.prweb.com/releases/2012/5/prweb9471143.htm.
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