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Omneon Receives 2004 Frost & Sullivan AwardMarket share gains make Omneon third-largest provider of video servers (February 21, 2005)
Omneon Video Networks is pleased to announce that it has received the 2004 Frost & Sullivan Award for Market Penetration, included as part of Frost & Sullivan's recently released analysis, World Video Server Market. This award recognizes strategic excellence in product innovation, marketing, and sales strategies resulting in the largest gain in market share over the past two to three years. Criteria for the award include product innovation, competitive pricing strategies, a strong sales force strategy, and the ability to establish brand awareness and form strategic alliances. The report found that Omneon has demonstrated the highest growth of all vendors, and is now the third-largest provider of broadcast media servers.
"Omneon is one of the most exciting newcomers to the broadcast video server space, and the company's Omneon Spectrum media server system is an extremely robust and competitively priced product backed by a highly motivated team that has taken the market by storm," said Mukul Krishna, industry analyst at Frost & Sullivan. "A few years back, Omneon had less than five percent of the market share. Now the company has captured more than a tenth of the market and continues to grow, often replacing products from older, more established manufacturers. This accomplishment is particularly commendable in light of the slow growth experienced by the market in recent years, with spending by broadcasters being very limited."
An exceptionally cost-effective and flexible media server designed for the professional television industry, the Omneon Spectrum media server provides a reliable and scalable infrastructure for broadcast playout and storage applications. Omneon's server system is built on an open architecture that allows it to support a broad variety of third-party applications for control and transmission, media management, archiving, and collaborative production. As a result, stored media can be shared among many users and applications.
The scalable, distributed architecture of the modular Omneon Spectrum server system also delivers maximum flexibility in scaling system components and capacity in small or large increments as desired. The system is available in a broad range of configurations to meet the specific needs of each installation. Notable sales over the past couple of years include installations at Discovery Networks, MTV/Nickelodeon Asia, PBS, BBC, Raycom Media, Univision, Riyadh TV, Ten Network (Australia), Canadian Broadcasting Corporation (CBC), BSkyB, Bayerischer Rundfunk (Germany), Deutsche Welle (Germany), SWR (Germany), Ceska Televize (Czech Republic), RTL Televizija (Croatia), and Showtime Networks (Dubai).
"We are tremendously pleased that our achievements over the past few years have been recognized with this important award from Frost & Sullivan," said Omneon Vice President of Marketing Geoff Stedman. "We strive to provide clients with flexible server solutions that meet their current needs and offer the scalability necessary for future growth, and this award - highlighting the widespread adoption of our products by the broadcast market - is a wonderful testament to the success of our server technology."
More information about Omneon products is available at www.omneon.com.
About Frost & Sullivan
Frost & Sullivan, a global growth consulting company founded in 1961, partners with clients to create value through innovative growth strategies. The foundation of this partnership approach is the Growth Partnership Services platform, whereby they provide industry research, marketing strategies, consulting, and training to clients to help grow their business. A key benefit that Frost & Sullivan brings to its clients is a global perspective on a broad range of industries, markets, technologies, econometrics, and demographics. With a client list that includes Global 1000 companies, emerging companies, as well as the investment community, Frost & Sullivan has evolved into one of the premier growth consulting companies in the world.
For more information, visit www.frost.com.
Omneon Video Networks is the leading provider of cost-effective and flexible networked media servers for the broadcast and video industry. The company's unique strategy integrates a strong foundation in broadcast with the best practices of information technology, giving its customers the best of both worlds. Because Omneon Spectrum media server systems are based on an open and advanced architecture, broadcast and video professionals are able to minimize both upfront and ongoing expenses, while gaining the flexibility to capitalize on emerging opportunities. Omneon pioneered the use of open systems in broadcast and, as a result, receives wide support from the application developer community.
Visit Omneon on the Web at www.omneon.com.
Related Keywords:Omneon, Frost & Sullivan, Omneon Video Networks, video server, media servers, Spectrum, Mukul Krishna, playout, storage, archiving, Geoff Stedman,