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PeerApp Enables the World's Fastest Internet ServicesNew Customer Wins Solidify Market Leadership (December 05, 2013)
NEWTON, MA -- (Marketwired) -- 12/05/13 -- PeerApp, the leader in Internet content caching infrastructure, participated in today's New England Israel Business Council (NEIBC) event and announced its latest customer wins in regions of the world that deliver the fastest broadband speeds to subscribers. The company's innovative UltraBand Series product line improves Internet video quality and speeds downloads, enhancing consumers' experience while increasing profitability for network operators.
"PeerApp is leading a fundamental change in the way content is delivered and consumed. People are now turning to the Internet for movies, software, games, TV, and information," explained Robert Mayer, CEO at PeerApp. "We help mobile, cable and telecom operators to deliver this content to their subscribers with the highest quality experience."
Today's announcement by PeerApp was featured at an event with Massachusetts Governor Deval L. Patrick and Massachusetts and Israeli business leaders at MassChallenge in Boston. The event included the release of important findings by the New England Israel Business Council that describes the multi-billion dollar impact of Israeli-founded companies on Massachusetts and their role as a critical growth engine for the Massachusetts economy, as well as the extraordinary spirit of collaboration and innovation that exists between Massachusetts and Israel. A whitepaper that details the research findings, titled "The Massachusetts-Israel Economic Relationship, 2nd Edition" is available at www.neibc.org.
PeerApp is a Massachusetts-Israel innovation success story. The company has been winning new network operator customers around the globe by enabling them to deliver the best performance to their customers. The largest operators in countries like South Korea, Taiwan and Israel -- all known for their high-speed broadband and mobile services -- have deployed PeerApp UltraBand. In South Korea, the country reported to have the world's fastest broadband speeds, three out of the top four network operators have deployed PeerApp UltraBand.
Mayer continues, "Most people in the U.S. don't realize it, but many countries enjoy faster broadband speeds than we do. Service providers are investing billions in fiber and LTE infrastructures that connect consumers at the fastest possible speeds. PeerApp's UltraBand Series has become a critical part of this broadband infrastructure and is being deployed in the world's most advanced networks to deliver on the promise of the fastest broadband."
Market analyst firm Frost & Sullivan has named PeerApp the market leader in transparent caching with 27% market share in their 2013 "Analysis of the Global Transparent Caching Market" report. PeerApp has added over 75 new customers to date in 2013 and its field-proven caching infrastructure solutions are now deployed by over 350 network operators worldwide. According to Frost and Sullivan's 2013 Market Leader Profile "The company is witnessing continuous growth in revenue on the strength of its solutions within major service provider networks, and its status in the industry is augmented by the fact that the company is at the forefront of innovation and development in this industry. PeerApp has a global footprint and is well known in established, as well as upcoming, regional segments of the global transparent caching market."
About PeerApp Ltd.
PeerApp enables mobile, cable and telecom operators to embrace the exploding demand for Internet video, software, games, and information. PeerApp's award-winning open and multiservice caching infrastructure enables operators to deliver Internet content with a high quality of experience by bringing the most frequently requested content closer to the subscriber. As the market leader in transparent caching, PeerApp has systems commercially deployed by hundreds of operators worldwide. PeerApp is headquartered in Newton, Massachusetts, USA. For more information, visit www.peerapp.com and follow @peerapp on Twitter.
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