SOURCE: Asia Video Convergence Alliance

Asia Video Convergence Alliance

August 24, 2011 09:00 ET

The Asia Video Convergence Alliance to Launch Today

New Industry Alliance Forms to Drive Innovation Within Asia's Growing Multi-Billion Dollar Video Convergence Industry; Launches at BIRTV, Call for New Members

BEIJING--(Marketwire - Aug 24, 2011) - (NASDAQ: KITD) - The Asia Video Convergence Alliance (AVCA) today announced its launch at the BIRTV 2011 conference in Beijing, China. Asia, home to seven of the top ten online-video consuming countries in the world and with the highest penetration of mobile video usage globally, will now have an industry alliance that joins together thought leaders to address the industry's opportunities and challenges. AVCA joins together key players in the video convergence value chain to promote industry education, innovation and partnerships.

AVCA is focused on coordinating collaborations within the industry, promoting new technology solutions and collaborating to educate the market about the development of Internet Protocol (IP) capabilities and over-the-top (OTT) commercial initiatives.

The alliance is led by a Governing Committee. Founding member, KIT digital Inc. (NASDAQ: KITD), a premium, cloud-based software solutions and technology services provider for multi-screen video delivery, will Chair the Governing Committee, working in partnership with the founding Vice Chair, Exicon, Asia's leading digital innovation and strategy consulting firm. The governing committee also includes Cloudcast, a member of the Quanta Group, the world's No. 1 notebook computer ODM company, and 21vianet, the largest carrier-neutral Internet data center services provider in China.

"KIT digital is excited to help bring together the region's IP video and cloud computing thought leaders to form the Asia Video Convergence Alliance," said KIT digital's chairman and CEO, Kaleil Isaza Tuzman. "On the cusp of becoming the leading force in today's global economy, Asia is witnessing rapid technological progression in the field of digital media. The way we communicate, distribute and consume media is changing. As more and more video is consumed over mobile devices, connected TVs and web browsers, cooperation and standards-setting between the various players in the video convergence arena becomes important to the organized growth of our dynamic industry."

Steve Chung, KIT digital's managing director for Asia-Pacific, commented: "We hope this Alliance will provide a valuable forum to explore new paradigms of cooperation and spark creative ideas to raise the tide for all market participants. We cordially invite others in our field to join the AVCA."

Edwin Padlan, director of advisory at Exicon, added: "Exicon is proud to help with the launch of the Asia Video Convergence Alliance, where we will work closely with key participants across the next-generation video spectrum. At Exicon, we foster the development of mobile and Internet ecosystems. With Exicon's Marketplace for Digital Innovation, we bring together Brands, Developers, Content Owners and Technology Enablers to collectively drive business growth for the benefit of all players. We are excited about the immense potential in the video space and realize the need for players across the ecosystem to work together. We envision that AVCA will accelerate cross-industry collaboration, facilitate effective partnerships and foster innovation."

Chen Hao, president and CEO of Cloudcast, said: "Smart media is the future of information technology, and vice versa, all under the cloud in the broadest sense. A member of Quanta Group, the number one notebook computer ODM company in the world, Cloudcast is based in Tapei and provides consultancy, design and service for 'Future Media' projects in Taiwan and Greater China."

Joseph Lee, senior advisor for CEO at 21vianet, commented: "Form factor explosion of mobile Internet consumer devices demands seamless multi-screen video delivery, which in turn relies on cross-industry collaboration and effective partnerships in the video value chain. 21vianet is based in Beijing and is the leading carrier-neutral internet data center service provider in China. We provide cloud hosting facilities, fast and reliable network connectivity, and device-neutral application development platforms to foster video innovation."

AVCA welcomes any corporations, organizations or individual to join the membership. To learn more please visit: www.avca.asia. Membership inquiries can be directed to: info@avca.asia.

Contact Information

  • Contact Information of the Asia Video Convergence Alliance
    Mrs. Saina Silverman
    Tel: +86 10 8590 0771 ext. 609
    E-mail: Email Contact