KIT digital Provides Multi-platform Delivery with ...

I met with Lou Schwartz, Head of the Americas for KIT digital, at Streaming Media East 2010, to get an update on the recent merger of Multicast Media with KIT digital. Schwartz co-founded and led Multicast Media for 10 years, a privately-held Atlanta-based online video platform company that specialized in live webcasting, IP video management and targeted multimedia communications. Schwartz discussed the rationale for the merger transaction, and KIT digital's product roadmap strategy focused on multi-platform delivery and greenfield markets. KIT digital is a publicly traded IP-based video delivery company based in Prague, Czech Republic with global offices in 28 different countries and 3 regions, Asia Pacific and, the Americas, that extends from Canada to South America, which Schwartz assumed responsibility for with the merger. KIT digital acquired Multicast Media in March 2010 for approximately $18 million, following the purchases of Narrowstep, Visual Connection, Morpheum, Kamera, The Feedroom and Nunet. For additional information, visit www.kitd.com or follow the company on Twitter at www.twitter.com/KITdigital. Distributed by Tubemogul.