BoxCast is Growing, Expanding into New Markets

pro--side

BoxCast issued a statement today outlining some impressive new milestones, as well as highlighting some aggressive goals for new growth. I’ve included some excerpts below, but you can also visit them here www.boxcast.com to learn more.

I’m very proud to be participating with the BoxCast team in their success to date. I was first drawn to them because they have a very compelling solution for live streaming that really appeals to any type of organization, and of any skill level.  In other words, you don’t need to be a techie to live stream and do it really, really well. The BoxCast Platform handles everything for you. They’ve built a live streaming platform to support live events, scalable to any size and for any type of organization. They provide all the pieces — the hardware encoders, the transcoders, the players, the protocols — all to create a worry-free, ultra high quality live streaming experience for their customers.

Here are some excerpts from the statement:

BoxCast (www.boxcast.com) today announced it now serves more than 1,000 customers, and is growing rapidly in several vertical markets. The Cleveland-based streaming company has embarked on an aggressive growth strategy for Q3/Q4 2017 with defined objectives for solidifying its position and defining new growth opportunities in the live streaming technology market. To date, BoxCast has executed a series of steps to accelerate its growth strategy, including:

 

  • Expanding the sales team and the addition of new channel partners to identify and unlock new market opportunities for live streaming.
  • Securing multiple large enterprise customers in high-value markets, including professional sports franchises.
  • Successful industry launch of new 4k live streaming products at the National Association of Broadcasters conference.
  • Securing new patents for systems and methods for autonomous broadcasting.
  • Bolstering the strength of the management team with the addition of industry-veteran, Michael Vantusko as Chief Financial Officer.

 

Expanded Sales Team Opens New Opportunities

In the first two quarters of 2017, BoxCast has added seasoned sales professionals to its internal team, as well as expanded its channel distribution program with the addition of new channel partners to help extend the reach of the BoxCast live streaming platform into new markets. During this time period, the BoxCast sales team has already secured a number of high visibility corporate brands as customers, helping them establish and launch their live streaming initiatives. To date, companies in multiple markets, including professional sports, entertainment and professional musicians, as well as corporate enterprise customers have added BoxCast as their solution of choice for live streaming content to engage and expand their audiences.
BoxCaster Pro Takes on 4k Live Streaming at NAB 2017

At NAB 2017, the world’s largest annual convention encompassing the convergence of media, entertainment and technology, BoxCast formally debuted its newest innovation for 4k live streaming – the BoxCaster Pro. Designed to deliver ultra-high quality 4K live streams with all the simplicity, reliability and technical sophistication for which BoxCast is known, BoxCaster Pro encodes up to 4K60HDR video in HEVC, allowing users to stream events live without requiring large amounts of network bandwidth. Built on the BoxCast platform, BoxCaster Pro delivers transcoded video to viewers wherever they may be.

 

The BoxCast team stunned industry luminaries with BoxCaster Pro’s approach to this challenging new frontier in live streaming, highlighting impressive new features, The BoxCaster Pro is slated for global availability in Q4 2017.

 

Bolstering the Executive Team, Strategies for Funding Growth

BoxCast has expanded its executive team with the addition of seasoned financial management executive, Michael Vantusko as its new Chief Financial Officer. Michael brings more than 35 years of financial, strategic and operational expertise to the BoxCast team. Before joining BoxCast in 2017, he served in public company and private equity sponsored CFO positions including recent roles at MRI Software and OverDrive, Inc. Mike’s major responsibilities at BoxCast include leading fundraising efforts and capital structure optimization, as well as mentoring the team in accounting and budgeting matters.

 

He is a CPA with a Bachelor’s Degree in Accounting & Finance from Miami University and a Masters Degree in Banking & Finance from the Weatherhead School of Management at Case Western Reserve University.

 

 

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