Akamai Joins the Streaming Video Technology Alliance

Rhea-AI Summary

Akamai (NASDAQ: AKAM) has joined the Streaming Video Technology Alliance (SVTA) as a Principal Member, following the merger of DASH Industry Forum and SVTA. This move aligns with Akamai's commitment to developing web and internet standards. As a pioneer in content delivery networks for video streaming, Akamai has been instrumental in advancing streaming video standards.

The company's involvement in SVTA aims to benefit media companies through greater standardization, improved viewing experiences, and innovation in areas like low-latency streaming and quality measurement. Akamai will showcase its cloud-based media delivery, computing, and security capabilities at IBC 2024 in Amsterdam, demonstrating its ongoing commitment to advancing streaming technologies and industry standards.

Positive

• Akamai joins SVTA as a Principal Member, potentially increasing its influence in streaming video standards
• Participation in SVTA working groups may lead to innovations in low-latency streaming and quality of experience measurement
• Akamai's involvement could help create more unified and standardized approaches in the streaming video tech stack

Negative

• None.

Continues longstanding commitment to developing and advancing standards and organizations critical to web and internet operations

AMSTERDAM, Sept. 13, 2024 /PRNewswire/ -- Akamai (NASDAQ: AKAM), the cloud company that powers and protects life online, announced today that it has joined the Streaming Video Technology Alliance (SVTA) as a Principal Member. The announcement follows the formal merger of DASH Industry Forum (DASH-IF) and the SVTA.

Akamai has a well-established philosophy of contributing to, championing, and – when necessary – forming standards bodies that help define how the web and internet function. The company is engaged in a host of organizations representing the full stack of web and internet infrastructure, from fundamental protocols and network operations to security and emerging technologies.

As a company that helped pioneer the use of content delivery networks to transport video over the public internet, Akamai has played key roles in developing standards to help advance the state of the art in streaming video. Akamai helped found the DASH-IF and CTA WAVE Project, is a longtime participant in the Internet Engineering Task Force (IETF) and World Wide Web Consortium (W3C), and is now a member of the SVTA, a global consortium of companies and organizations dedicated to helping ensure better standardization and improved user experiences across the streaming industry.

"Industry standards spark innovation and fuel growth," said James DeMent, Vice President, Product Management, Akamai. "That's evident in Akamai's introduction today of new video workflow capabilities that give media companies more control and greater choice across every part of the video delivery chain. The work of both DASH-IF and SVTA as a single entity will have an even greater positive impact on the industry, and Akamai looks forward to continuing to contribute to those efforts."

"We are excited to have Akamai join the SVTA and foresee them participating in a broad range of projects across such groups as Low Latency Streaming, Measurement/QoE, Streaming Video Operations, and DASH Industry Forum, that will benefit from Akamai's deep experience and expertise," said Jason Thibeault, CEO, SVTA. This can ultimately help the industry move to more unified and standardized approaches in the streaming video tech stack."

The work of the SVTA, with Akamai's involvement, is aimed at benefiting media companies in a variety of ways. Greater standardization can help streaming services deliver more reliable and higher-quality viewing experiences to their audiences. Increased collaboration and experimentation with new technologies can foster further innovation in areas like low-latency streaming and measuring quality of experience. At the same time, participation in working groups dedicated to privacy and protection can lead to more robust security protocols.

Akamai will show its range of cloud-based media delivery, computing, and security capabilities during IBC 2024 in Amsterdam, September 13th-16th. Akamai will host visitors at the Akamai Lounge, located at the RAI Amsterdam in the Elicium (Hall 13) on the third floor.

Akamai is a gold sponsor of the joint SVTA-DASH-IF event at IBC on Sunday, Sept. 15th, from 6:30 PM - 9:30 PM CET at the Tobacco Theatre. In its fifth year sponsoring the event, Akamai is proud of its continued commitment to advancing streaming technologies and promoting industry standards.

About the SVTA
The Streaming Video Technology Alliance (SVTA) is a global consortium of companies working to advance the state of streaming video. SVTA focuses on creating and fostering an open and interoperable ecosystem to address critical challenges in the streaming video workflow. For more information, visit www.svta.org.

About Akamai
Akamai powers and protects life online. Leading companies worldwide choose Akamai to build, deliver, and secure their digital experiences — helping billions of people live, work, and play every day. Akamai Connected Cloud, a massively distributed edge and cloud platform, puts apps and experiences closer to users and keeps threats farther away. Learn more about Akamai's cloud computing, security, and content delivery solutions at akamai.com and akamai.com/blog, or follow Akamai Technologies on X, formerly known as Twitter, and LinkedIn.

Contacts:

Akamai Media Relations
Chris Nicholson
+1 508 517 3703
cnichols@akamai.com

Akamai Investor Relations
IR-InvestorRelations@akamai.com

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SOURCE Akamai Technologies, Inc.

FAQ

What is the significance of Akamai (AKAM) joining the Streaming Video Technology Alliance?

Akamai's membership in SVTA as a Principal Member signifies its commitment to developing streaming video standards and potentially increasing its influence in shaping the future of streaming technology. This move could lead to innovations in areas like low-latency streaming and quality of experience measurement.

How might Akamai's (AKAM) involvement in SVTA benefit media companies?

Akamai's involvement in SVTA aims to benefit media companies through greater standardization, which can lead to more reliable and higher-quality viewing experiences for audiences. It may also foster innovation in streaming technologies and contribute to the development of more robust security protocols.

Where will Akamai (AKAM) showcase its cloud-based media delivery capabilities in September 2024?

Akamai will showcase its cloud-based media delivery, computing, and security capabilities at IBC 2024 in Amsterdam, from September 13th to 16th, 2024. They will host visitors at the Akamai Lounge located in the RAI Amsterdam, Elicium (Hall 13) on the third floor.