Comcast (Nasdaq: CMCSA) Interactive Capital and Verizon Investment (NYSE: VZ) put down big money as initial investors in ConteXtream's Service Delivery Grid (SDG), a platform designed to combat over-the-top competition by using the Internet "cloud" as a quick-hit data repository.
"ConteXtream has re-thought broadband networks based on a cloud paradigm that promises to make operator networks rival OTTs in terms of agility and cost effectiveness and offers operators much richer opportunities to monetize in concert with the OTTs," said AGC Research managing partner Eve Griliches in a ConteXtream news release.
Louis Toth, senior managing director of Comcast Interactive Capital said in the same release that Comcast's decision to invest was simple: "By cloud-enabling our network, its Service Delivery Grid can help us continue to deliver exciting new services to our customers in a cost-effective way."
- see this news release
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