U.K. OVP vzaar tops 1,000-customer mark

U.K.-based end-to-end video hosting service vzaar says it now has more than 1,000 companies in the U.S. and U.K. using the vzaar video platform for internal and external video distribution.

The OVP, which says more than 70 percent of its customers are U.S. based, including Walmat, IBM, and Budweiser, targets customers looking to enrich ecommerce sites and web applications as well as Internet publishers.

The company, founded in 2007, has positioned itself as a professional video hosting service providing a low cost service with an easy to use interface and in the last 18 months, has reached this milestone of serving 1000 companies.

"vzaar's 1,000th customer add is testament to the high-growth potential of the OVP segment," saids Paul A. Palumbo, research director at Accustream Research. "All brands are media brands in today's multi-screen, online and mobile communication and entertainment network; there is a diverse and expanding customer base. We expect rapid revenue growth for the segment over the next several years, and profitability."

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