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Press release from PR Newswire

Verizon Digital Media Services Acquires upLynk Assets and Operations for Expanded Video Streaming Capabilities

Wednesday, November 13, 2013

Verizon Digital Media Services Acquires upLynk Assets and Operations for Expanded Video Streaming Capabilities

13:34 EST Wednesday, November 13, 2013

NEW YORK, Nov. 13, 2013 /PRNewswire/ -- Continuing to expand its capabilities to efficiently and quickly deliver live events, linear television and video on demand, Verizon Digital Media Services has acquired the assets and operations of upLynk, a leading technology and television cloud company.

The exclusive technology of upLynk simplifies the complex issues content owners face by streamlining the process of uploading and encoding TV Everywhere for live, linear and video on-demand content.  By using a single adaptive video format across all devices, upLynk simplifies encoding, storage, playback, ad insertion and analytics to eliminate complexity and enable more agile video workflows.

"As the experience of watching broadcast television changes and the media marketplace shifts, the addition of upLynk's unique capabilities allows Verizon Digital Media Services to better meet our customers where and how they want to deliver video," said Bob Toohey, president of Verizon Digital Media Services. "Simply put, this acquisition provides intelligent, scalable and more flexible ways of streaming video for our customers."

Ralf Jacob, chief executive officer of upLynk, said: "Joining forces with Verizon Digital Media Services is a turning point for upLynk, and we see incredible opportunity to deliver superior video solutions that streamline the complex challenges that content owners face. We look forward to even greater successes in the TV Everywhere market."

Based on its integration with national broadcast infrastructures as well as its advanced approach to over-the-top broadcast cloud distribution, upLynk delivers multidevice and cross-platform premium content to complement Verizon Digital Media Services' broad-based end-to-end solutions. With this acquisition, Digital Media Services customers can take advantage of increased speed to market, simplified workflows and access to a highly efficient and data-rich broadcast cloud technology that leverages Verizon's video platform and global network.

Verizon Digital Media Services offers enterprises a suite of robust and flexible end-to-end video solutions for best-in-class TV Everywhere and superior over-the-top experiences. Built on one of the world's most advanced networks with a video-optimized platform, Verizon Digital Media Services delivers a vast range of content management and delivery services with carrier-grade quality, reliability, security and scale. For more information about Digital Media Services, visit www.verizondigitalmedia.com.

Verizon Communications Inc. (NYSE, Nasdaq: VZ), headquartered in New York, is a global leader in delivering broadband and other wireless and wireline communications services to consumer, business, government and wholesale customers. Verizon Wireless operates America's most reliable wireless network, with more than 101 million retail connections nationwide. Verizon also provides converged communications, information and entertainment services over America's most advanced fiber-optic network, and delivers integrated business solutions to customers in more than 150 countries. A Dow 30 company with nearly $116 billion in 2012 revenues, Verizon employs a diverse workforce of 178,300.  For more information, visit www.verizon.com.

VERIZON'S ONLINE NEWS CENTER: Verizon news releases, executive speeches and biographies, media contacts and other information are available at Verizon's online News Center at newscenter.verizon.com. The news releases are available through an RSS feed. To subscribe, visit newscenter.verizon.com/corporate/feeds.

SOURCE Verizon

For further information: Linda Laughlin, 918-590-5595, linda.laughlin@verizon.com, or Lynn Staggs, 918-590-7173, lynn.staggs@verizon.com

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