Sherpa Consulting and Jolokia Networks Announce Definitive Merger Agreement to Form Innovative Multimedia Ecosystem Services Provider to the Enterprise Market

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Companies to become subsidiaries of new parent, Sherpa Technology Group, offering comprehensive strategic services and cloud streaming solutions to the burgeoning corporate multimedia market.

No one in this market will rival our unique blend of services and solutions for companies intending to weave video communication into the fabric of everyday business operations.

Sherpa Consulting Inc., the premier provider of specialized multimedia consulting services to global enterprises, and Jolokia Networks, the leader in professional cloud management and delivery of enterprise media, today announced that they have entered into a definitive merger agreement. Upon completion of this transaction, Sherpa Consulting and Jolokia Networks together will become the definitive source for strategic guidance and next-generation cloud solutions and services to the growing market of “media-enabled” enterprises. Sherpa Consulting and Jolokia Networks will become wholly owned subsidiaries of newly-created parent company Sherpa Technology Group, Inc. (http://www.TrustSherpa.com)

Sherpa Consulting provides independent, specialized expertise to companies embarking on the design and rollout of complex enterprise multimedia communication initiatives. The Sherpa team leverages its deep understanding of the fast-changing video and audio technology landscape with decades of on-the-ground execution experience to empower its clients to deploy game-changing media initiatives. Examples include executive town-halls, webcast and webinar series, internal corporate video messaging, video-based training and development, external marketing videos, partner and customer education webcasts, mobile live streaming, and employee-generated video knowledge sharing (i.e. “Enterprise YouTube”).

Sherpa expanded its operation in summer 2012 through the opening of Sherpa Studios. Sherpa Studios fills a major market gap by providing concierge webcast production and delivery services either remotely or at its state-of-the-art Redwood City Seaport studio facility. For more information on Sherpa Studios, please visit http://www.SherpaStudios.tv.

Sherpa has furthered its value to enterprise clients through the debut of an automated media compliance enforcement service; solving a major compliance workflow challenge for the numerous companies seeking to implement user-generated video content programs.

Jolokia Networks provides industry-leading cloud multimedia application management and delivery solutions and services. Core to Jolokia’s value to its customers is its professional cloud management of enterprise-grade media management platforms that removes the complexities and high costs of traditional on-premise deployments. The team also provides multimedia delivery services to professionally manage and analyze highly secured, global media delivery both inside and outside the corporate firewall. The company’s custom component expertise bridges together multiple solutions across an organization’s multimedia ecosystem – including enterprise authentication, customized media and cloud integration, media regulation and compliance, and enterprise social platform integration. For more information on Jolokia, please visit http://www.Jolokia.com.

“From day one we’ve looked at multimedia inside the enterprise as a complex ecosystem – a choreographed dance across a large group of job functions and technology resources,” said K.C. Watson, CEO and Co-Founder of Sherpa Consulting, Inc. “So much more complex than its text-based predecessors, the commitment to video as a corporate communications vehicle demands the attention of technologists, business units, and compliance teams alike. Customized planning, services, and solutions for each company’s individualized media ecosystem strategy are a must. In joining forces with Jolokia, we greatly expand our value to clients by adding critical, cutting-edge multimedia solutions and managed services to the dance card.”

“Early on at Jolokia we recognized the importance of consultative professional services as a requirement for success of our engineered solutions,” said Mark Pace, CTO and Co-Founder of Jolokia Networks. “As a result, we had immediate business and philosophical alignment with the Sherpa team. In joining together, our clients will benefit on multiple fronts, including specialized guidance, cloud managed services, and a continued commitment to customized solution design. No one in this market will rival our unique blend of services and solutions for companies intending to weave video communication into the fabric of everyday business operations.”

Sherpa and Jolokia customers include Apple, JP Morgan Chase, Toyota, and Johnson & Johnson. The transaction is expected to close in September 2012.

About Sherpa Consulting, Inc.
Sherpa is a strategic consulting company that helps large companies design and roll out enterprise-wide multimedia initiatives. Longtime colleagues and enterprise video industry veterans Mark Strathdee and K.C. Watson founded Sherpa with a clear-cut mission: to enable more effective communication across large companies through the power of video. Upon completion of the merger transaction, Sherpa Consulting will become a subsidiary of Sherpa Technology Group.

About Jolokia Networks
Jolokia is a specialized engineering and managed services company that harnesses the power of the cloud and custom solution design to promote multimedia communication capabilities inside global organizations. Longtime internet and media technology veterans Mark Pace and Dan Seoane founded Jolokia on the premise that truly beneficial enterprise solutions are developed with a customized approach; running counter to the traditional “one-size-fits-all” way of doing business. Upon completion of the merger transaction, Jolokia Networks will become a subsidiary of Sherpa Technology Group.

For more information, visit us at http://www.TrustSherpa.com.

Sherpa Contact:
K.C. Watson
Sherpa Technology Group, Inc.
(866) 989-7794 ext.225
KC(at)TrustSherpa(dot)com

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