VariView Technology, LLC to Acquire Webcast Services Group from Reflect Systems, Inc.
Dallas, Texas, based firm to launch new Webcast services offering using ReflectWeb live event and VOD distribution platform
DALLAS, May 2 / - Reflect Systems Inc., a leading provider of rich media tools for digital signage and corporate communications, today announced that it would spin-off its successful ReflectWeb webcast services platform to VariView Technology, LLC, a new Dallas-based startup. The ReflectWeb services platform is currently used by dozens of large corporate customers, video production companies, IR and PR firms, and interactive agencies to provide live and on-demand video webcasting and streaming services for internet viewers globally. VariView will own and operate the existing ReflectWeb platform while investing in new and innovative video-centric wecasting products for the existing, and emerging, customer base.
The ReflectWeb services platform was created by Reflect Systems founders in 2003 to take advantage of the resurgence in global demand for live, and on- demand, webcasting of corporate announcements, training and marketing events. The platform complemented the popular ReflectNet(TM) enterprise video distribution software that was already being sold for internal use into Fortune 500 companies. "This transaction allows us to continue to focus on building our core software systems for digital signage and enterprise video distribution," said Stan Woodward, chairman and chief executive officer of Reflect Systems. "ReflectWeb has been extremely successful and the new owners will be able to build on that success and address the unique needs of internet viewers."
"VariView Technology is excited about taking this platform to the next level," said VariView CEO John McDonald. "The popularity of consumer video sharing sites such as YouTube(TM), ManiaTV(TM) and GoFish(TM) heighten the demand for a higher quality experience from corporate webcasters. Embedding video in corporate web sites and holding live webinars are now standard fare but internet viewers will continue to expect better quality and ease-of-use and 100% reliability and that will be our focus moving forward."
The ReflectWeb platform will continue to deliver corporate users a completely customized live event interface and management platform that integrates with their existing look and feel and ties into existing web accounting and database infrastructure that clients use for campaigns. Applications such as online shareholder meetings, product announcements, online training and eLearning, CME and product marketing can all benefit from the power and flexibility of the ReflectWeb platform. As part of an ongoing partnership after the sale, Reflect Systems and VariView will continue to partner with clients that need a turnkey solution for internet and intranet delivery of live and on-demand streaming, webcasting and rich media delivery.
About Reflect Systems:
Founded in 2001, Reflect Systems provides companies with the critical software and services necessary to create, manage and distribute high- bandwidth streaming media and image files to employees, customers, and partners. The company's ReflectView(TM) and ReflectNet(TM) enterprise software suites support media-rich applications such as networked digital signage, corporate video portals, live and VOD media delivery to desktops, and internal corporate webcasting and training. Reflect software is used by many of the world's largest and most respected companies. Reflect Systems, based in Dallas TX, is privately held.
About VariView Technology:
VariView Technology provides full service webcasts customized to meet your unique corporate communication needs. Our service provides for a superior client experience, perfect for disseminating press releases and internal messages, facilitating shareholder communications, analyst meetings and product launches, delivering training and presenting customer testimonials. VariView delivers live and pre-recorded audio and video presentations across the globe. Our flexibility provides day-to-day content management, enabling you to capitalize on market developments and results-driven messages. Our service is backed by an unmatched commitment to customer service and support. Powered by a robust Microsoft ASP.net platform, your message is augmented with the latest advances in webcast technology.
For more, visit http://www.variview.com/.
Source: Reflect Systems Inc.
CONTACT:Stan Woodward of Reflect Systems Inc., +1-214-413-3201, stan@reflectsystems.com
Web site: www.reflectsystems.com/ http://www.variview.com/
