Early Internet Streaming Video Pioneer CyberTech Media Announces Company Is For Sale
CyberTech Media, one of the oldest streaming media encoding companies in existence, announced today that it is up for sale.
Winfield, IL November 11, 2014
Founded in 1998 with customers in 46 states, CyberTech Media announced today that it is up for sale. CyberTech Media was one of the first companies to provide high quality streaming media encoding services to a diverse range of companies when streaming video made its debut in the mid 90's. The company started encoding streaming video for the internet in early 1997 and formally changed their company name to CyberTech Media in 1998. According to founder Larry Spiegel, they earned their reputation by providing high quality encoding services during the decade when sub-broadband speeds available through dial-up, low-speed corporate networks, and early cable & DSL were the norm. Rendering high quality video encoding was an art form during that period of low-bandwidth delivery speeds according to Spiegel.
Spiegel says “according to industry reports, the demand for more streaming video content across all platforms continues to outpace the amount of content being made available. As a result, there are going to be more profitable plays in both the desktop and mobile device video space in coming years than in the past as streaming video continues to transform the way people make buying decisions, shop, learn, get entertained, and consume information.”
Prospective buyers will be domestic or international companies with either immediate or potential future plans to enter or expand into video encoding, video advertising creation or distribution, webinars, distance learning, or video news aggregation, and who want to acquire their reputation, their business history, instant credibility, and their very attractive, continuously registered 16-year-old dot com domain name. Prospective buyers may be looking to build on the existing brand, integrate it into an already existing internet business, or use it to launch the internet’s next big thing Spiegel said.
For a number of years, founder and entrepreneur Larry Spiegel said he has been juggling his time between CyberTech Media and an unrelated genealogy services company which became his true passion. Spiegel said that he has finally decided to turn the reins of CyberTech Media over to a new owner who is ready to reinvigorate the company and take it to the next level.
Further information about the sale of CyberTech Media can be found at: http://www.cybertechmedia.com/forsale.html