Pebble Beach wins GBP1.3 million contract with US streaming company

(Alliance News) - Pebble Beach Systems Group announced on Monday it won a five-year contract worth an initial GBP1.3 million in support of a "tier-1 US-based streaming company".

The company believes the agreement has scope for "significant" further revenues as the relationship develops over time.

The Epsom, England-based broadcasting automation solutions company said the contract is being implemented to support the end-customer's expansion into live sports broadcasting. As such, Pebble will provide support and maintenance services over the five-year contract term.

Pebble's software will allow the customer to automate the delivery of video and audio materials, allowing the playout of programmes, commercials, and other graphics and content into a single stream.

While the company is withholding the name of its customer, Pebble said its relationship with its "global partner" is well-established, "with the two having worked together for many years".

Peter Mayhead, Pebble Beach's chief executive officer, 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...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."

Pebble Beach shares were up 21% at 19.95 pence on Monday afternoon in London.

By Martin Miraglia, Alliance News reporter

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