Content Delivery Network Deal Between Verizon and Qwilt
Content delivery network deal making is an important aspect of the modern CDN market. Content delivery network providers are always seeking to partner with complementary companies as they seek to improve their CDN performance. A content delivery network deal can help improve network performance by leveraging comparative advantages in each company’s network, thus attracting new customers thanks to the reduced latency and increased bandwidth that results from higher content delivery network performance.
The latest content delivery network deal to be struck is between Verizon, the largest movile internet provider in the US, and Qwilt, an Isreali company that has developed technologies that enable the streaming of media with short loading times while at the same time using less bandwidth. The deal is worth US$25 million and will run for 3 years. It will see Qwilt provide Verizon with technology to improve the speed off their online video. Qwilt will achieve this by utilising its industry leading software that analyses where data is being streaming to, even as it is transmitted from servers to users, allowing for the identification of what content is popular where. This they helps influence which data files should be stored in different points of presence around the world.
Content Delivery Network Deal Benefits
Lee Hicks, Vice President of Network Planning at Verizon, said: “We invest millions every year to meet growing demand for data and video services across the network. Quilt’s solution enables us to meet the goal we set by setting up a smarter, more efficient, and quality network to manage content delivery. So our customers will benefit from streaming better-quality video.”
“Our technology enables operators to cope with the dramatic growth in their streaming media, significantly reduce their financial and operational expenses, and meet the requirement to deliver high performance,” said Alon Maor, Quilt’s CEO and co-founder. “Internet Service Providers (ISP) gain insight into the information gathered about the media consumption, content sources, and content preferences of their customers.”