Redwood City, Calif. and Copenhagen, Denmark – Today, Vindicia, the leader in enterprise-class subscription billing, and Xstream, a leading provider of over-the-top (OTT) solutions, have announced a partnership that will deliver a powerful OTT solution to organizations looking to build, maintain, and monetize audiences. This relationship will also allow organizations to gather insightful user data that will lead to more effective subscriber acquisition and retention, ultimately resulting in higher revenues.
“A joint Vindicia and Xstream solution will allow subscription video on demand (SVOD) users to have an easy and seamless experience when purchasing or signing up for content, which will help build loyalty and affinity for various service offerings,” said Brynhild Vinskei, chief marketing officer, Xstream. “Combining Vindicia’s subscription platform with Xstream’s flexible and comprehensive OTT platform provides a compelling solution for service providers looking to rapidly deploy a scalable OTT solution with a rich toolkit of monetization opportunities, reporting, including royalty reporting and a wealth of functionalities to retain, attract and monetize subscribers.”
Vindicia brings enterprise-class innovation to consumer-facing subscription billing to help digital companies acquire and retain more customers by making payments seamless, secure and easy. Vindicia helps digital leaders maximize their business potential, build online recurring revenue, and reduce customer churn. Xstream offers the market’s most comprehensive and scalable suite of OTT and TV Everywhere products and services, delivering simpler, smarter solutions characterized by superior flexibility, usability and cost-efficiency.
“This partnership provides organizations with a wide range of complementary services to increase viewer engagement and better monetize audiences,” said Bryta Schulz, senior vice president of marketing, Vindicia. “Customers want to be connected to the subscription services they love, and companies need reliable subscription revenues; this partnership will provide an improved experience for both.”
Vindicia and Xstream will be hosting a Nordic Evening at Rhumbar, a celebration of the region’s attendance at this year’s NAB Show, the world's largest electronic media show covering the creation, management and delivery of content across all platforms.
About Xstream A/S
Xstream has been a pioneer in OTT and TV Everywhere services since 1999. Xstream works with global partners of online video management to deliver superior integration, advanced add-on modules, and an unbeatable streaming experience. Xstream MediaMaker™ is an ultimate end-to-end cloud-based video management system solution by Xstream with seamless integration and limitless scalability enabling you to deliver state-of-the-art content to any connected device anywhere. For more information visit www.xstream.net
Vindicia brings enterprise-class innovation to consumer-facing subscription billing to help digital companies acquire and retain more customers by making payments seamless, secure and easy. Vindicia keeps customers connected to the subscription services they love, and companies connected to the subscription revenues they need. Vindicia has processed more than $21 billion globally and generates over $90 million in annual incremental revenue for clients. Clients include BBC, TransUnion Interactive, Allrecipes, IAC, Vimeo, and Texture. Vindicia was recently ranked the number one billing software solution on the market by Business-Software.com, and recognized as a “Top 100 Promising Tech Companies” by CIOReview magazine. For more information visit: www.vindicia.com