Onstream Media Corporation, established in 1993, is a leading provider of live and on-demand internet video, corporate audio, and web communications services. The company specializes in online audio and video corporate communications, offering webcasting, web conferencing, and content publishing services. Onstream Media's mission is to enhance productivity and revenue for organizations by delivering secure and affordable digital media solutions. Over the years, it has built a reputation for reliability and performance, serving numerous Fortune 100 companies across various sectors, including sales, marketing, communications, investor relations, human resources, and training.
Key Strategic Focus
Onstream Media's strategic focus centers on providing comprehensive digital media services that integrate data, video, and voice to facilitate effective online communication. The company's core objectives include delivering high-quality webcasting, web conferencing, and content management solutions tailored to the needs of corporate, educational, and governmental clients. By leveraging its proprietary Digital Media Services Platform (DMSP), Onstream Media enables clients to acquire, store, index, secure, manage, distribute, and transform digital assets efficiently. The company targets a broad market, including large enterprises and small to medium-sized businesses, aiming to enhance their communication strategies through innovative digital media solutions.
Financials and Funding
As of the fiscal year ending September 30, 2009, Onstream Media reported revenues of approximately $16.9 million, a slight decrease from the previous year's $17.6 million. The company experienced a net loss of approximately $11.8 million during this period, primarily due to a $5.5 million charge for impairment of goodwill and other intangible assets. To support its operations and growth initiatives, Onstream Media secured various funding arrangements, including a $2.0 million line of credit extended through December 2011 and additional funding commitments totaling $750,000 during calendar year 2010.
Technological Platform and Innovation
Onstream Media's technological prowess is anchored in its Digital Media Services Platform (DMSP), a subscription-based service that offers clients access to a suite of tools for managing digital assets. The DMSP facilitates the acquisition, storage, indexing, security, management, distribution, and transformation of digital content into marketable commodities. Additionally, the company provides automated and manual encoding services, editorial processing, and hosting solutions, enabling seamless online search, retrieval, and streaming of media. These proprietary technologies and methodologies distinguish Onstream Media in the digital communications industry, offering clients a robust and scalable platform for their media management needs.
Leadership Team
Onstream Media's leadership team comprises experienced professionals dedicated to advancing the company's mission. Randy Selman serves as the President and Chief Executive Officer, bringing extensive expertise in digital media services. Under his leadership, the company has expanded its service offerings and client base, reinforcing its position in the market.
Competitor Profile
In the digital media services sector, Onstream Media faces competition from several key players:
- BrightTALK: Specializes in hosting webinars and virtual events, offering a platform for professionals to share insights and knowledge.
- ON24: Provides a comprehensive webinar marketing platform that enables businesses to create engaging digital experiences.
- Synaptic Digital: Focuses on multimedia content creation and distribution, catering to corporate communications and public relations needs.
These competitors offer similar services in webcasting, web conferencing, and digital content management, contributing to a dynamic and competitive market landscape.
Strategic Collaborations and Partnerships
Onstream Media has established strategic partnerships to enhance its service offerings and market reach. Notably, the company announced agreements with federal government agencies, including the Department of the Treasury's Internal Revenue Service (IRS) and the Nuclear Regulatory Commission (NRC), to provide webinar services. Additionally, Onstream partnered with REJ & Associates, Inc. to deliver webinar services to the U.S. Department of Housing and Urban Development's Federal Housing Administration (FHA) Philadelphia Homeownership Center (HOC). These collaborations underscore Onstream Media's capability to serve diverse clients and its commitment to expanding its presence in the public sector.
Operational Insights
Onstream Media's operational strategy emphasizes delivering reliable and flexible digital media solutions. The company's browser-based platforms require no downloads, ensuring accessibility across various browsers, operating systems, and devices. With a dedicated team of experts providing end-to-end support, Onstream Media maintains a reputation for stability and performance. Strategic partnerships with tier-one service providers further bolster the company's infrastructure, enabling it to support demanding events and client requirements effectively.
Strategic Opportunities and Future Directions
Looking ahead, Onstream Media is poised to capitalize on the growing demand for digital communication solutions. The company plans to enhance its DMSP by integrating advanced features and expanding its service portfolio to meet evolving client needs. By focusing on innovation and strategic partnerships, Onstream Media aims to strengthen its market position and drive sustainable growth in the digital media services industry.
Contact Information
For more information about Onstream Media Corporation and its services, please visit their official website.
