12:15 PM EDT, 05/13/2024 (MT Newswires) -- Vecima Networks ( VNWTF ) said Monday it joined forces with Youcast to launch its MediaScale Open CDN technology for telecommunications and content providers in Brazil.

Vecima, recognizing the unique opportunity to make a substantial impact on content distribution in South America, presented its MediaScale Open CDN solution to Youcast and was awarded the contract.

Vecima's MediaScale Open CDN allows service providers to monetize internet traffic and prepare their networks for content.

"Unlike conventional CDN models that often require separate infrastructure, Vecima's MediaScale offering enables providers to get started with the infrastructure they already have in place," Kyle Goodwin, senior vice president and general manager of content delivery & storage business, said. "This approach reduces short-term implementation costs while providing long-term scalability and flexibility."

The company's shares were last seen up $0.01 to $19.66 on the Toronto Stock Exchange.

Price: 19.66, Change: +0.01, Percent Change: +0.05