Yospace Joins Akamai Qualified Compute Partner Program
Rhea-AI Summary
Akamai Technologies Inc. (NASDAQ: AKAM) has announced that Yospace has joined the Akamai Qualified Compute Partner Program as an Independent Software Vendor (ISV). Yospace, a leader in server-side ad insertion (SSAI), will provide media companies with tools to enhance their advertising businesses on Akamai's distributed edge and cloud platform.
The partnership aims to help media companies scale up streaming audiences and apply addressable advertising at scale. As part of the program, Yospace's SSAI technology will be easily accessible to Akamai customers, enabling advanced advertising strategies across Akamai Connected Cloud. Both companies will showcase their technologies at IBC 2024 in Amsterdam, September 13-16.
Positive
- Partnership with Yospace enhances Akamai's advertising technology offerings
- Potential for increased revenue from media companies using Yospace's SSAI on Akamai's platform
- Expansion of Akamai's cloud compute strategy through the Qualified Compute Partner Program
Negative
- None.
News Market Reaction
On the day this news was published, AKAM declined 0.28%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
As an ISV in the Akamai Qualified Compute Partner Program, Yospace will provide media companies with the tools to improve their advertising businesses. An early pioneer of SSAI technology, Yospace has over a decade of operational experience, successfully delivering ad revenues in every video streaming scenario. Now, media companies everywhere can take advantage of Yospace's SSAI on Akamai's massively distributed edge and cloud platform.
"Akamai and Yospace have worked in partnership for many years. Akamai is the leading CDN for media delivery, bar none, and we are excited to extend our cloud compute strategy to become part of the Akamai Qualified Compute Partner Program," said Tim Sewell, CEO, Yospace. "The future of premium video is online and we are going to see a massive scale-up of streaming audiences, coupled with an increased need to apply addressable advertising at scale. Our partnership with Akamai will help media companies achieve that scale and successfully grow their advertising revenues."
"Akamai is pleased to make Yospace's SSAI easily available to Akamai customers through the Akamai Qualified Compute Partner Program," said Dan Lawrence, Vice President, Cloud Computing, Akamai. "Media companies across the globe are now able to apply advanced advertising strategies at scale across Akamai Connected Cloud, the world's most distributed platform for cloud computing, security, and content delivery."
The Akamai Qualified Compute Partner Program is designed to make solution-based services that are interoperable with Akamai cloud computing services easily accessible to Akamai customers. The services are provided by Akamai technology partners that complete a rigorous qualification process to ensure they are readily available to deploy and scale across the globally distributed Akamai Connected Cloud. The services are available individually or can work together to form a larger ecosystem of complementary capabilities, which can offer performance and cost benefits by running on a single global platform.
To learn more about the Akamai Qualified Compute Partner Program or to join the leading ISVs that partner with Akamai, visit the Akamai Technology Partner Program page.
Additional information about Akamai's cloud computing services is available at akamai.com.
Yospace CEO Tim Sewell recently joined Akamai EVP and CMO Kim Salem-Jackson to discuss how the two companies partner to reliably deliver powerful ad insertion capabilities at a global scale. Watch the conversation here.
Both companies will exhibit at IBC 2024 in
About Yospace
Yospace has been at the forefront of the digital video revolution for 25 years. From the early days of mobile delivery, to the mass consumption and monetisation of premium streaming, we have a history of driving business success for the world's biggest telcos, broadcasters, and media companies.
Our pioneering server-side ad insertion (SSAI) technology has helped monetise five Olympic Games, five FIFA World Cups, and thirty-four Grand Slam tennis tournaments. We have over 2,000 live channels under management and stitch over 3.5 billion advertisements per month.
Customers include DIRECTV, FOX, Tubi, and Warner Bros. Discovery in the
Yospace sits under RTL Group's adtech unit.
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:
Paul Davies
Yospace
+44 1784 466 388
paul.davies@yospace.com
Chris Nicholson
Akamai Media Relations
+1.508.517.3703
cnichols@akamai.com
Akamai Investor Relations
ir-InvestorRelations@akamai.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/yospace-joins-akamai-qualified-compute-partner-program-302202058.html
SOURCE Akamai Technologies, Inc.
FAQ
What is the significance of Yospace joining Akamai's Qualified Compute Partner Program for AKAM stock?
How does the Yospace partnership affect Akamai's (AKAM) position in the streaming advertising market?
When will Akamai (AKAM) and Yospace showcase their partnership at IBC 2024?
What is the Akamai Qualified Compute Partner Program that Yospace has joined?
