[July 30, 2014]

Octoshape and Altech Multimedia Partner for OTT/IPTV Services in the Middle East and Africa

Octoshape, an industry leader in cloud-based, over-the-top (OTT) stream acceleration and contribution technologies for broadcasters, enterprises and carriers, and South Africa-based Altech Multimedia, a high-technology multimedia solutions group focused on the convergence of broadband and broadcast technologies, announced today that they have entered into a partnership to offer video contribution and distribution solutions to major broadcasters and operators in the Middle East and Africa.

Given the rapidly growing consumption of Internet video across connected devices, broadcasters and others increasingly require a carrier-grade, flexible, OTT solution that meets their quality, scale and cost requirements. Under the agreement, which further expands the Octoshape footprint to include the fast-growing South African market, broadcasters and operators gain access to Octoshape's full suite of cloud-based OTT/IPTV (News - Alert) video streaming services. In addition, Altech Multimedia's superior regional expertise and pre-existing relationships will serve to facilitate and expedite service localization and expansion.

"South Africa, and the surrounding African and Middle Eastern countries, represent a significant market opportunity for multiscreen content deliery," said Michael Koehn Milland, CEO of Octoshape. "In partnership with Altech Multimedia, we have additional in-region expertise and cultural skills needed to surpass our customers' video delivery expansion objectives."

"Our customers recognize how complex it can be to transition to a broadband TV distribution model," said Paulo Caldeira, Senior Sales Manager at Altech Multimedia. "The combined synergies between Altech Multimedia's multimedia technologies and Octoshape's innovative delivery network will simplify their transition while also ensuring a superior viewing experience guaranteed to exceed their expectations."

About Octoshape

Octoshape is a revolutionary cloud OTT/IPTV service provider that focuses on delivering broadcast, enterprise and carrier solutions. Octoshape's cloud technologies are adopted worldwide to enable the evolution of broadcast TV to broadband TV. The patented stream acceleration platform combined with the suite of multicast technologies offer unparalleled stream quality, true global reach and multicast-equivalent network efficiency to deliver a consistent and cost effective TV viewing experience for broadband multiscreen, point to (multi) point contribution and enterprise delivery. Visit us at www.octoshape.com for more information and follow us on LinkedIn and Twitter.

About Altech Multimedia

Altech Multimedia (Pty) Ltd is a leading provider of products, professional services and competitive solutions to the digital broadcast and broadband industries. Altech Multimedia solutions include a number of innovative world-first applications that are currently deployed in several digital television networks around the world and, in addition to being device independent, Altech Multimedia offerings are available as either stand-alone or complementary solutions that integrate seamlessly with existing systems.

Through its eight operating companies, Altech Multimedia has a global footprint. Technical development and support centres exist in South Africa, India, China and Australia, with sales support offices in South Africa, Australia, India, Europe and the Middle East. Altech Multimedia boasts a blue-chip client base and an award winning product portfolio as well as an enviable reputation amongst its partners and peers as one of the most technologically capable businesses in the industry. Altech Multimedia's solutions and services offering includes systems integration and application development across multiple multimedia platforms, thus expanding its ambit beyond the well-established set-top box business.

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