NASDAQ OMX

Concurrent Partners with Rincon Technology to Extend Reach of Content Delivery and Storage Solutions

27.6.2017 17:05 | NASDAQ OMX

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ATLANTA, June 27, 2017 (GLOBE NEWSWIRE) -- Concurrent (NASDAQ:CCUR), a global leader in storage, protection, transformation and delivery of visual assets, today announced that it has partnered with Rincon Technology, Inc., a leading provider of network infrastructure and asset recovery services around the world, to extend the reach of the Concurrent portfolio of content delivery and storage solutions to Rincon Technology's more than 1,000 telecommunication carriers and large enterprise customers.

With this partnership, Rincon Technology adds Concurrent solutions to its unique supply of high-demand, new and used transceivers/optics, cable headend, CMTS, routing, server/storage, and optical transport hardware. Rincon Technology's global reach, responsiveness and expertise in crafting custom, easily deployable, low-cost solutions have fueled 20 percent growth year to date in 2017.

"We are committed to establishing strong channel partnerships around the world that will yield new customers and consistent revenue growth," said Scott Ryan, Senior Vice President, Products at Concurrent. "Partnering with a world-class organization like Rincon Technology, we significantly extend the reach of our solutions to better deliver the transformational content delivery and storage solutions that the industry desires. We look forward to working closely with Rincon Technology to ensure that their customers receive the uncompromising performance, scale and service flexibility they need."

Concurrent content delivery and storage solutions include:

  • Laguna(TM) Cache -- a multi-tiered caching solution that reduces latency and network utilization
  • Aquari(TM) Storage -- a modern, intelligent storage system that features simultaneous support for multiple file or object-based workloads
  • Concurrent Origin and Transcode -- a scalable, deployable platform for serving content to any screen

"As a multi-vendor telecommunication equipment and solution provider, we form partnerships with companies that bring disruptive technologies to the telecommunications market in order to deliver customized solutions to our growing clientele," said Jason Kelly, CEO at Rincon Technology. "Modern data centers require solutions that are as innovative as the business models they are developing to meet insatiable customer demand, and Concurrent does just that."

About Rincon Technology, Inc.
Rincon Technology is a certified minority owned business (NMSDC and CPUC) with a commitment to continued quality improvement as demonstrated by its ISO9001:2015, ISO14001:2015, OHSAS18001:2007, and R2:2013 certifications. For more information, log on to www.rincontechnology.com, email sales@rincontechnology.com, or call (805) 684-8100.

About Concurrent
Concurrent (NASDAQ:CCUR) is a global software and solutions company that develops advanced applications on a core foundation of high performance Linux and storage technologies. We serve industries and customers that demand uncompromising performance, reliability and flexibility to gain a competitive edge, drive meaningful growth and confidently deliver best-in-class solutions that enrich the lives of millions of people around the world every day. Offices are located in North America, Europe and Asia. Visit www.concurrent.com for further information and follow us on Twitter: www.twitter.com/Concurrent_CCUR.

Certain statements made or incorporated by reference in this release may constitute "forward-looking statements" within the meaning of the federal securities laws. Statements regarding future events and developments and the company's future performance, including, but not limited to, management's expectations, beliefs, plans, estimates, or projections relating to the future, are forward-looking statements within the meaning of these laws. All forward-looking statements are subject to certain risks and uncertainties that could cause actual events to differ materially from those projected.

Important risk factors include, but are not limited to, our ability to reinvest the net proceeds from the sale of our Real-Time segment in a manner that we believe will generate an adequate return to our remaining business and the risk factors discussed in Concurrent's Form 10-K filed August 30, 2016 with the Securities and Exchange Commission ("SEC"), and in subsequent filings of periodic reports with the SEC. The risk factors discussed in the Form 10-K and subsequently filed periodic reports under the heading "Risk Factors" are specifically incorporated by reference in this press release. Forward-looking statements are based on current expectations and speak only as of the date of such statements. Concurrent undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of future events, new information, or otherwise.

Concurrent Computer Corporation and its logo are registered trademarks of Concurrent. All Concurrent product names are trademarks or registered trademarks of Concurrent while all other product names are trademarks or registered trademarks of their respective owners.

For more information, contact:

Media Relations:
Christa Camiolo
(678) 258-4015
media@concurrent.com

Investor Relations:
Doug Sherk
(415) 652-9100
dsherk@evcgroup.com

Todd Kehrli
(310) 625-4462
tkehrli@evcgroup.com




This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Concurrent Computer Corporation via Globenewswire

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