CONFERTIS AG and Celstream Technologies Ltd. agree on strategic cooperation

The two companies aim to focus on solutions and development services for the media and entertainment industry

CONFERTIS AG and Celstream Technologies, a world‐class provider of engineering services, have entered into an agreement aimed at providing technical solutions for customers in the media and entertainment industry. Domain segments span television, broadcast, telco and publishing.

Consulting and implementation services will play a significant role in future for customers focusing on their business models and market segments. The innovation cycles are getting shorter and products are undergoing fundamental changes in their business landscape, in addition to the entry of newer technologies that create unique challenges.

This cooperation targets faster time-to-market and solution realisation for customers in Europe. Both CONFERTIS and Celstream possess comprehensive know‐how in the field of media and entertainment with complimentary expertise. CONFERTIS in Germany possesses outstanding expertise and vast experience in consulting, program management and process design. Celstream on the other hand, is an established engineering service company rendering offshore R&D services from its India centre.

“A shorter time-to-market and efficient realisation of solutions and products will play a decisive role in the media industry in future. To fulfil time and cost requirements, in most cases it makes sense to outsource product development to specialised providers. In addition the client gets valuable access to know‐how and experience of the provider,” said Wilke Pfannkuch, CEO of CONFERTIS. “This arrangement with Celstream will take us a great step forward,” he added.

“This cooperation is a perfect match that strengthens the whole value chain, especially with Celstream´s technical expertise and CONFERTIS’ know‐how and experience in consulting and implementation,” said Dr. Christian Steinhausen, Managing Director of CONFERTIS CONSULTING.

“Our engineering services and solutions combine technology expertise and unmatched domain understanding. In addition, our vast domain knowledge and engineering experience for media and entertainment span networks, codecs, video, audio and data solutions,” said Martin Tabery, Director European Operations at Celstream. “Our technological expertise has been harnessed to offer Celstream’s Solution Accelerators, a wide range of assets and near‐ready ecosystems that enable technology companies to significantly reduce the time‐to‐market, increase customer satisfaction and achieve superior business results. We look forward to leverage our experience in development and engineering to support CONFERTIS.”

Both partners see major potential in this cooperation. Under the terms of the agreement, know‐how and experience in this area are now to be bundled in order to leverage synergies and better utilize common resources.

About CONFERTIS

CONFERTIS is a German management consulting, technology services and outsourcing company for the media industry in Europe and helps clients to increase their performance. CONFERTIS´ clients are television, broadcast, telco and publishing companies as well as all firms creating, managing or delivering media content. CONFERTIS offers outstanding expertise and long time experience in technology, management systems, program management, process design, implementation as well as innovation and quality management.

More information on the company can be found at www.confertis.com. For any other query, call +49 40 81991877.

About Celstream Technologies Pvt. Limited

Celstream Technologies is a successful, global engineering services company with a rich heritage in offshore co-development partnerships. Celstream offers complete solution life-cycle development services to technology companies in the media and entertainment, consumer electronics, print and publishing, and enterprise industries. Headquartered in Bangalore, India, and with customers in the United States, Europe, India and Australia, Celstream combines the best software talent, world-class processes and cutting-edge technology expertise to deliver engineering excellence to customers.

More information on the company can be found at www.celstream.com. For any other query, call +1 877 2752357 in the U.S; +91 (80) 4119 1919 in India; +49-89-5908-2109 in Europe; or +61 (2) 94160475 in Australia.

CONFERTIS AG
Public Relations
Postfach 76 21 05
22069 Hamburg
Germany

Phone: +49 (40) 81 99 18 77
Fax: +49 (40) 81 99 18 79
E-Mail: press@confertis.com
Internet: www.confertis.com

Management Board: Wilke Pfannkuch, Dr. Christian Steinhausen
Supervisory board: Christian zu Schaumburg-Lippe (Chairman),
Dr. Tobias Beckmann, Dr. Olaf von Gadow

Seat of the company: Hamburg
Register: Amtsgericht Hamburg, HRB 101775
VAT-ID DE814864058

This release was published on openPR.