Servecast

From WikiCover

On July 11, 2007, Level 3 Communications announced that its operating subsidiary has acquired Servecast Limited, a Dublin-based provider of live and on-demand video management and streaming services for broadband and mobile platforms. Level 3 has paid approximately Euro 33 million, the equivalent of approximately $45 million, in cash to complete the acquisition of Servecast.

Founded in 1998, Servecast offers proven publishing and distribution tools for video rights holders to monetize their digital assets. These tools enable customers to manage, protect, deliver and track online audio and video content. Servecast provides an easy-to-use platform that supports multiple stream rates, languages, currencies and formats, including Adobe Flash, Real Player, Windows Media Player and Apple QuickTime. Servecast's capabilities have been developed for easy adaptation to emerging video formats and other content delivery technology.

Level 3 plans to maintain Servecast's headquarters and broadcast operations center in Dublin, as well as its data centers in London and Amsterdam. Servecast's existing streaming server sites throughout Europe and North America will also be incorporated into Level 3's Content Delivery Network.

On September 6, 2007, Servecast announced was selected by Setanta Sports to stream live coverage of Rugby World Cup 2007 games.