News

HSM Selects Broadcast International’s CodecSys to Power New OTT Network

Broadcast International, a leading provider of video management software and services for next-generation video IP networks, signed a multi-year license agreement with HSM Americas, a worldwide leader in executive education, for BI’s CodecSys video compression software. CodecSys will serve as the core platform for HSM America’s new over-the-top (OTT) network.

The agreement, will provide a new video distribution network for HSM, enabling the launch of its new World of Business Ideas (WOBI) brand and providing expanded worldwide access to its live, on-demand and web-based events and services through its WOBI Live! portal (http://www.wobilive.com).

The WOBI Live! portal has officially launched as of May 2012. Broadcast International will also provide managed services worldwide in support of HSM/WOBI’s live events, which will then be distributed over its new OTT network.

“The partnership with HSM/WOBI demonstrates the increasing traction of our CodecSys technology software platform,” said Rod Tiede, CEO of Broadcast International. “CodecSys enables HSM/WOBI to deliver rich media content to anyone, on any device, at any place around the globe.”

Patricia Meier, CEO of HSM Americas, commented: “Given our long and successful history with Broadcast International with past live broadcast & web-based projects worldwide, we are eager to launch our new product: WOBI Live! with BI’s revolutionary and proven technology, along with their managed services expertise.”

About HSM/WOBI:
SM/WOBI is a multimedia company which brings together executives and thought leaders through world-class events, print media, and a 24-hour cable television network.  These multimedia experiences have been brought together under a unified platform, WOBI, a World of Business Ideas – www.wobi.com , to deliver the best of Management and Leadership thinking around the world.  The two focal events in the US are the renowned World Business Forum and the World Innovation Forum, both taking place in New York.  The company is based in Buenos Aires, Argentina, with its US headquarters in New York.

About Broadcast International
Broadcast International is a leading provider of managed video solutions, including digital signage, OTT (Over the Top) networks, IPTV, and live/on-demand content distribution for the enterprise. BI’s patented CodecSys software is a breakthrough, multi-codec video compression technology that cuts video bandwidth requirements over satellite, cable, IP and wireless networks. By slashing bandwidth needs, CodecSys enables a new generation of media applications, and offers unprecedented price/ performance benefits for existing applications such as HD video distribution.

Broadcast International is a public company (OCTBB: BCST) headquartered in Salt Lake City, UT. For more information, visit: www.brin.com and www.codecsys.com.

Contacts:
Cameron Francis

Vice President Products
Broadcast International
(801) 562-2252
pr [at] Brin.com

Michael Koehler or Matt Glover

Liolios Group, Inc.
Investor Relations
(949) 574-3860
BCST [at] liolios.com

Ignacio Sanchez-Zinny
WOBI Solutions Director
wobi.com
Tel: +1 212 812 9608

Javier Arrechea
Director, Business Development
wobi.com
Tel: +1-212-812-9628

Press contact:
Harriet Diener
Desert Moon Communications
845-512-8283
harriet [at] desertmooncomm.com

Source: Broadcast International