Zayo enabled to offer expanded video network services
Stockholm, Sweden – Net Insight, a provider of efficient and scalable transport solutions for media, IP and broadcast networks, today announces it has signed a contract to provide video network infrastructure to Zayo Group, LLC ("Zayo"), an international provider of Bandwidth Infrastructure.
Under the contract, valued at more than SEK 50 million, Net Insight will provide Zayo with hardware, software, and support services, to be delivered during the second and third quarter of 2014.
The deal enables Zayo to establish a video network in the U.S. and offer customers both compressed and uncompressed HD-SDI and 3G-SDI managed video network services.
"We selected Net Insight's platform because it is flexible and resilient," said David Howson, chief network and services officer and head of Europe at Zayo. "Net Insight will allow Zayo to provide the managed video transport quality and service levels demanded by our customers, with support for simplifying network operations."
"Net Insight has succeeded in winning another important deal in the North American market," said Fredrik Tumegård, CEO of Net Insight. "Zayo is an international player in Bandwidth Infrastructure, and we believe bringing them on as a customer will strengthen Net Insight's market position in the North American market,"
Net Insight AB discloses the information provided herein pursuant to the Securities Market Act and/or the Financial Instruments Trading Act. The information was submitted for publication on May 12, 2014 at 08.30 CET.
About Net Insight
Net Insight delivers the world's most efficient and scalable transport solution for Broadcast and IP Media, Digital Terrestrial TV and IPTV/CATV networks.
Net Insight products truly deliver 100 percent Quality of Service with three times improvement in utilization of bandwidth for a converged transport infrastructure. Net Insight's Nimbra(TM) platform is the industry solution for video, voice and data, reducing operational costs by 50 percent and enhancing competitiveness in delivery of existing and new media services.
More than 200 world class customers run mission critical video services over Net Insight products in over 60 countries. Net Insight is quoted on the NASDAQ OMX, Stockholm.
For more information, please visitwww.netinsight.net
About Zayo Group
Based in Boulder, Colo., Zayo Group provides comprehensive Bandwidth Infrastructure services in over 300 markets throughout the US and Europe. Zayo delivers a full suite of lit services and dark fiber products to wireline and wireless customers, data centers, Internet content providers, high-bandwidth enterprises, and government agencies across its robust 77,000 route mile network. The company also offers 27 carrier-neutral colocation facilities across the US. Please visit www.zayo.com for more information about Zayo and its fiber solutions.
Contact: Media Contact:
Fredrik Tumegård Linhart Public Relations for Zayo
CEO of Net Insight Ashley Campbell
+46 8 685 04 00 +1 (303) 951-2568
This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Net Insight AB via Globenewswire