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Concurrent Partners with Rincon Technology to Extend Reach
of Content Delivery and Storage Solutions
ATLANTA – June 27, 2017 – 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’s 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 yet another product to its unique supply of high-demand, latest-generation new and used transceivers/optics, cable headend, CMTS, routing, server/storage, and optical transport hardware. Rincon's global reach, responsiveness and expertise in crafting custom, easily deployable, low-cost solutions have fueled 20 percent growth year over year so far in 2017.
"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 bring 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."
Concurrent’s solutions include:
• LagunaTM Cache - a multi-tiered caching solution that reduces latency and network utilization
• AquariTM 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
“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 can better deliver the transformational content delivery and storage solutions the industry desires. We look forward to working closely with Rincon to ensure their customers are able to leverage the uncompromising performance, scale and service flexibility they need.”
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 email@example.com, or call (805) 684-8100.
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.
Other important risk factors are 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.
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