SOURCE: KIT digital, Inc.

KIT digital, Inc.

December 03, 2009 08:00 ET

KIT digital and vivocom Join Forces to Deliver IP-Video Solutions in Spain

PRAGUE, CZECH REPUBLIC and MADRID, SPAIN--(Marketwire - December 3, 2009) - KIT digital, Inc. (NASDAQ: KITD), a leading global provider of on-demand software solutions for managing and monetizing Internet Protocol (IP)-based video assets and vivocom, the leading Spanish company specializing in IP video solutions and Web TV, announced today that the two companies will join forces in a formal partnership to deliver IP-video management technology and solutions in Spain.

"Given the rapid and growing penetration of 3G mobile video deployments and IPTV offerings in Spanish-speaking markets, we see a great opportunity to further expand our business in these territories," said Kaleil Isaza Tuzman, chairman and chief executive officer of KIT digital. "Our partnership with vivocom aligns us with a company that has a long and exceptional track record in these markets, providing us with the ideal entry point to generate new business together."

The agreement builds upon a previous relationship that existed between vivocom and Narrowstep, a company that's assets were acquired by KIT digital earlier in 2009. Under the agreement, vivocom will market and service KIT digital's proprietary technology platform, "VX," jointly delivering IP-video solutions to customers in Spain and other Spanish-speaking countries.

KIT digital is a NASDAQ-listed company with offices in 11 countries globally. Many of KIT digital's clients have a presence in Spain or Latin America, including Cris Morena Group, General Motors, Google, HP, IMG, Intel, MTV Networks, Telefonica, Yahoo!, Vodafone and Yups, among others. KIT digital will work closely with vivocom management and employees from its Prague headquarters and London and Cologne offices.

"This partnership adds a great deal to the vivocom capability set," said Raúl de la Cruz-Linacero, CEO of vivocom. "KIT digital brings global experience, a robust and scalable technology platform, and the experience of working with some of the world's best known corporations, governments and non-profit organizations. We work every day with clients such as La Liga, ICEX, PSOE and The Red Cross, and we fully expect that our joint credentials will allow vivocom to push the envelope even further in Spain and offer truly world-class IP-video implementations to our customers."

The announcement of KIT digital's formal partnership with vivocom follows the Company's recent launch of its KIT Partnership program which initially includes 22 re-sale, business referral and implementation partners around the globe, bringing to nearly 50 the number of countries where KIT digital is active. KIT Partners complements the company's offices globally, staffed by 290 employees who speak more than 18 different languages.

The partnership took effect on November 30, 2009.

About KIT digital, Inc.
KIT digital (NASDAQ: KITD) is a leading, global provider of on-demand, Internet Protocol (IP)-based video asset management solutions. KIT VX, the company's end-to-end software platform, enables enterprise clients to acquire, manage and distribute video assets across the three screens of today's world: the personal computer, mobile device, and IPTV-enabled television set. The application of VX ranges from commercial video distribution to internal corporate deployments, including corporate communications, human resources, training, security and surveillance. KIT digital's client base includes more than 600 enterprise customers across 30+ countries, including The Associated Press, Best Buy, Bristol-Myers Squibb, Disney-ABC, General Motors, Google, IMG Worldwide, Intel, McDonald's, News Corp, Telefónica, Vodafone, Verizon and the U.S. Department of Defense. KIT digital maintains principal offices in Prague, Cologne, Dubai, London, Melbourne (Australia), New York, Stockholm and Toronto. For additional information, please visit

KIT digital Forward-Looking Statement
This press release contains certain "forward-looking statements" related to the businesses of KIT digital, Inc. which can be identified by the use of forward-looking terminology such as "anticipates," "believes," "estimates," "expects" or similar expressions. Such forward-looking statements involve known and unknown risks and uncertainties, including uncertainties relating to product development and commercialization, the ability to obtain or maintain patent and other proprietary intellectual property protection, market acceptance, future capital requirements, regulatory actions or delays, competition in general and other factors that may cause actual results to be materially different from those described herein as anticipated, believed, estimated or expected. Certain of these risks and uncertainties are or will be described in greater detail in our public filings with the U.S. Securities and Exchange Commission. KIT digital is not under any obligation to (and expressly disclaims any such obligation to) update or alter its forward-looking statements whether as a result of new information, future events or otherwise.

About vivocom
vivocom is a leading Spanish company in web TV & new media content production, providing sales, business intelligence and management services customers in Spain and Portugal. vivocom introduced the most first and most complete solution in Spain for the creation of TV channels over the internet. The company provides IPTV consultancy, content production, post-production, editing, scripting, trafficking and even live broadcasting. vivocom has implemented IPTV projects for clients such as BBVA, Endesa, Liga de Fútbol Profesional, El Corte Inglés, ICEX, Cruz Roja, Paradores de España, La Tienda en Casa, Consorcio Turismo de Sevilla, etc.. For more information, visit

Contact Information

  • KIT digital Contact:
    Daniel Goodfellow
    VP, Marketing and Communications
    Tel. +1-646-873-3086
    Email Contact

    KIT digital Investor Relations Contact:
    Matt Glover
    Liolios Group, Inc.
    Tel. +1-949-574-3860
    Email Contact

    vivocom Contact:
    Almudena Alameda/Pilar Romero
    Text 100 Global Public Relations
    +34 91 181 32 60/62
    Email Contact
    Email Contact