Contract Win
Pebble Beach Systems Group plc has announced a significant new contract win worth an initial £1.3 million over five years with a Tier 1, US-based streaming company, facilitated by a US-headquartered partner. This agreement, which has potential for substantial future revenue growth, involves implementing Pebble's specialist automation technology to support the end-customer's expansion into live sports broadcasting. Implementation has commenced, and Pebble will provide ongoing support and maintenance services. The contract underscores the value of Pebble's automation software in enabling seamless content playout and is particularly relevant as streaming companies increasingly focus on live content and advertising revenue.
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Pebble, the global software company providing specialist automation solutions for the broadcast and streaming markets, is pleased to announce a new contract win, worth an initial £1.3 million over its five-year term, in support of a Tier 1, US-based streaming company. The new agreement has scope for significant further revenues as the relationship grows and extends.
The contract has been secured via a US-headquartered partner, with Pebble's specialist automation technology being implemented to support the end-customer's expansion into live sports broadcasting. Implementation of Pebble's technology has already started and, following completion, Pebble will be providing support and maintenance services (also known as SLAs) over the contract term. Pebble's relationship with its global partner is well-established, with the two having worked together for many years.
Pebble's software automates the delivery of video and audio material, thereby enabling the seamless playout of programmes, commercials, trailers, graphics and other content. The adoption of this software solution marks an important step in the expansion of the Tier 1 streaming company's playout capabilities.
Peter Mayhead, Chief Executive Officer of Pebble Beach Systems Group plc, said:
"This new contract, in support of one of the largest streaming services companies globally, is testimony to the quality of our automation software - which is widely considered to be 'best of breed' - as well as our ongoing support and maintenance services. We are delighted to be working with our long-standing partner to deliver our solution, which will unlock new capability for the end-customer, a Tier 1 operator in the streaming sector.
"As streaming companies move into live content, especially sports, and seek to drive advertising revenues, Pebble's technology becomes a highly relevant and proven solution. We look forward to completing the delivery of our solution and to a successful, long-term relationship."
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.