Xstream Founder and CEO Step Down After 15 Years, New CEO Named

Xstream Founder and CEO Step Down After 15 Years, New CEO Named

Xstream appoints new CEO as founder steps down as CEO to become Director of Xstream Americas

COPENHAGEN, Denmark, February 4, 2015 /PRNewswire/ --



Xstream, the premium provider of OTT and TV Everywhere services and vendor of the
award winning video management system, Xstream MediaMaker(TM) today announced that the
company's founder and CEO, Frank Thorup, is stepping down as CEO after 15 years. Simon
Hogsbro has been appointed as new CEO effective from March 16th. Thorup will transition
from CEO to Director of Xstream Americas.



After many successful years, Frank Thorup, who founded Xstream in 1999 and led Xstream
for 15 years, is stepping down as CEO of the company. Thorup will continue as Director
Xstream Americas where he will continue to build and strengthen the company's brand and
presence in the North and South American markets.



"It is a great feeling to see a company like Xstream evolve the way it has. I am
pleased that we have been able to attract Simon to the position as CEO for Xstream. Simon
has a long and impressive career in various tier 1 companies behind him and recently had
remarkable success in his responsibility for the launch of Spark New Zealand's OTT SVOD
service, Lightbox. Now with Simon joining as the new CEO of Xstream, I'm thrilled to get
the opportunity to take my family and move to the USA and contribute to further growth and
expansion of our operations as Director for Xstream Americas. I'm looking forward to
creating an even stronger footprint in the American market as the region is a key focus
for Xstream, a market that we believe we can add significant value to," said Frank Thorup,
founder and CEO at Xstream.



Xstream is planning to further expand its activities in a number of locations
worldwide, leveraging its award winning cloud based video management system, Xstream
MediaMaker(TM), to take advantage of more favorable market conditions and to meet the high
demand for their services globally. Hogbro's international exposure, market experience and
insight made him a natural choice for Xstream. Prior to joining Xstream, Simon led
Lightbox's incubation from its strategy and business planning phase to launch. Lightbox
marks Spark New Zealand's entry into the OTT SVOD space, set up as a standalone business
selling to all NZ ISPs customers. Simon was responsible for content, product, platform,
operations, branding and marketing, as well as recruiting the team to pull it all off.

Simon is widely experienced in business strategy and disruptive product development
across Telco and media. He previously led major product introductions including Spark New
Zealand's first UFB and VDSL broadband products and the first IPTV triple play products
for TDC, the leading Telco and cable TV provider in Denmark. Simon is an experienced
leader with strong results from various senior positions across product management,
business development and strategy.



"I am honored to have been asked to take this role, excited about the possibilities
that lie in our future and delighted to lead the company through its next stage of
evolution," said Simon Hogsbro, new CEO at Xstream. "As the OTT and TV Everywhere market
keeps growing, driven by consumers' demands for content wherever, however and on any
device, Xstream, with its deep experience and proven technology, is well-positioned to
address the needs of Telcos, cable operators, studios and networks. I'm very much looking
forward to working with the experienced team at Xstream as we embark on this exciting
journey in new and existing markets globally."



Xstream employs 120 people, and its software and services are used by Telcos, cable
operators and large media companies, to create, manage, monetize and deliver simply
smarter OTT and TV Everywhere solutions across all devices. Customers include Fuhu
(nabitablets.com) Spark New Zealand (Lightbox) Canal Digital, Altibox, SBS Discovery
media, Telenor and others



About Xstream (http://www.xstream.net)



Xstream has been a pioneer in OTT and TV Everywhere since 1999. Drawing on their
extensive experience, Xstream works with world-leading Telco's, cable operators and MSOs.
Xstream deliver simpler, smarter OTT TV solutions characterized by superior flexibility,
usability, scalability and cost-efficiency. Xstream's comprehensive and scalable online
end-to-end video management solution, Xstream MediaMaker(TM), offers numerous key modules
such as Shop and Payment module, domain control, assets management and analytics. Xstream
also offer a suite of outstanding individual services, including: Apps for Connected
devices, Ingest, DRM, Transcoding and Encoding.



Xstream works with a wide range of customers like Fuhu/ nabi tablet, Pathe, Canal
Digital, SBS Belgium, SBS Discovery, Telenor, Altibox and Spark New Zealand.



Xstream is headquartered from Copenhagen, Denmark and has offices in Los Angeles,
Warsaw and Sydney.



http://www.xstream.net




Xstream A/S

CONTACT: For more information, contact Xstream: Brynhild Vinskei, CMO & PR Officer, Tel: +45-29-66-64-20, bv@xstream.net


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