Wowza Media Systems, a software company located in Evergreen, CO and San Jose, CA, is a developer of interactive streaming media server software. The company was founded in late 2005 by David Stubenvoll and Charlie Good when they saw a need to provide a disruptive product to fill the gaps in the Flash streaming server market.
Wowza Media Systems is addressing the needs of a rapidly growing streaming media market. The volume of video viewing on the Internet in doubling every 6 months. Flash is evolving as the most exciting segment of this market — Flash content can reach more than 98% of all computers and it is becoming the dominant video format on the Internet. Its market share is growing rapidly. Recent reports published by AccuStream iMedia Research* show that Flash video streams served have increased 95% in 2006 and Flash now constitutes a 97% share of the user-generated video (UGV) segment, which grew 429% in 2006.