NEW YORK, March 2 /PRNewswire/ --
- Leading video search engine to leverage best-of-breed video content management system from KIT digital
KIT digital, Inc. (OTC Bulletin Board: KITD), a leading global provider of Internet Protocol-based video enablement technologies, today announced a strategic partnership with blinkx, the web's largest and most advanced video search engine. Under the terms of the agreement, KIT digital will vend blinkx a multi-year enterprise license - including re-selling capability - to its VX digital asset management suite. blinkx will integrate KIT's VX suite into the blinkx Advanced Media Platform to streamline its ability to establish and host video content management services for clients.
The agreement enables blinkx to enhance its product portfolio with KIT digital's industry-leading video platform, and KIT digital will power the ability for blinkx to offer a fully syndicated, white-label video CMS, including the most advanced community and web 2.0 tools.
We are committed to offering our clients turnkey solutions built with best-of-breed technology, said blinkx CEO Suranga Chandratillake. blinkx is delighted to partner with KIT to extend our product portfolio and offer customers of our Advanced Media Platform IP video solutions that are more easily deployable and manageable.
This partnership underscores our position as the leading enterprise-oriented player and IP video content management system in the industry, said Kaleil Isaza Tuzman, chairman and CEO of KIT digital. We're very pleased to be working with blinkx to deliver solutions for managing and indexing online video content.
Gavin Campion, president of KIT digital, commented, The blinkx deal represents our first full 'instance sale' of the KIT VX enterprise suite - which allows for third party re-selling capability. Under the terms of the agreement, blinkx will be able to re-sell or offer the technology on an advertising revenue-share basis with third parties. Instance selling is a very profitable approach which we expect to deploy going forward with select partners.
The partnership between the companies is effective immediately, with integration of respective product capabilities estimated to be in place by the end of Q1 2009.
About KIT digital
KIT digital, Inc. (OTCBB: KITD) is a leading, global provider of proprietary IP-based video enablement technologies and video-centric interactive marketing solutions. Through its end-to-end platform, KIT digital works closely with consumer brands, content providers and telcos to maximize the value of video content via the Internet, mobile networks and IPTV set-top boxes. The KIT VX platform allows clients to publish, manage and distribute digital video content, build online/mobile communities and integrate advertising. KIT offers businesses a full range of interactive marketing solutions and KIT clients can access approximately 100 KIT-syndicated channels and 40,000 KIT-syndicated videos. KIT digital clients include ABC Disney, Associated Press, General Motors, IMG, Kmart, NASDAQ, News Corp, RCS, Telefonica and Verizon. KIT digital has principal offices in Dubai, Melbourne (Australia), Prague, Toronto and London. For additional information, please visit www.kitd.com.
About blinkx:
blinkx plc (LSE AIM: BLNX) is the world's largest and most advanced video search engine. Today, blinkx has indexed more than 35 million hours of audio, video, viral and TV content, and made it fully searchable and available on demand. blinkx's founders set out to solve a significant challenge - as TV and user-generated content on the Web explode, keyword-based search technologies only scratch the surface. blinkx's patented search technologies listen to - and even see - the Web, helping users enjoy a breadth and accuracy of search results not available elsewhere. In addition, blinkx powers the video search for many of the world's most frequented sites. blinkx is based in San Francisco and London. For additional information, please visit www.blinkx.com.
Forward-Looking Statements
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 believes, 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, Inc. is not under 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.
Jonathan Cutler of Verse Communications, +1-818-981-3023, jonathan@verseinc.com, for KIT digital; or Tim Turpin of Spark PR, +1-415-962-8200, blinkx@sparkpr.com, for blinkx
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