LINIUS LAUNCHES SaaS TECHNOLOGY
Linius’ SaaS (“Software as a Service’) offering allows users to utilize Linius’ patented Video Virtualization Engine™ (‘VVE’) in the cloud
Initially launched to selected developers to encourage development of technologies and new businesses based upon VVE
Supports Linius’ strategy of rapidly scaling its business
Linius Technologies Limited (ASX:LNU) (Linius or Company) is pleased to announce the launch of its SaaS ‘self-service’ product to developer communities, system integrators and resellers.
Linius’ patented Video Virtualization Engine (VVE) is now available as a SaaS (‘Software as a Service’) solution.
The global SaaS market has grown from US$5bn in 2005 to US$105bn in 2017
As the solution rolls out, users will be able to log on and pay to virtualize their videos themselves, without the requirement for Linius resources.
Developers can build new products and businesses on top of VVE, through a suite of API’s built for global scale.
“We started the development of our SaaS solution early last year with the first trial being the large-scale virtualization of Instagram. Companies such as Twilio, Salesforce and Xero clearly demonstrate the success of providing technology as a service in the Cloud,” commented Chris Richardson, Linius CEO. “We’ve long said that virtual video adds value to a huge range of businesses. While we sharpen our focus on key strategic verticals, this enables our technology to be applied to opportunities which are endless both in terms of size and creativity. Making VVE universally available will be a key component of our efforts to scale our business moving forward.”
Deployed on Amazon Web Services, Linius’ self-serve capability has initially been launched to selected developers and partners ahead of a global roll out.
About Linius Technologies Limited:
Linius Technologies Limited (ASX:LNU) has invented and patented the Video Virtualization Engine™ (VVE), which is available on Amazon Web Services, Microsoft Azure and IBM Cloud.
Amazon, Microsoft and IBM are investing billions in virtualizing video services (technologies) and artificial intelligence in the cloud. It is arguably the biggest battle on the internet, given that video accounts for nearly 80 percent of internet traffic.
Only Linius can expose the data that makes up the video file, making cumbersome video as flexible as all other forms of data. Accessing the data within the video file is the missing link for video cloud service providers, creating unparalleled value across the internet video industry.
Linius has the potential to transform many multi-billion dollar markets, and is initially focused on:
For more information please contact:
Chris Richardson, Chief Executive Officer
Linius Technologies Limited
www.linius.com / T: +61 3 8680 2317
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