Tekmedia seems to have following (or more) capabilities:-
- Media transcoding engine – video/audio conversion to flv/mp3 or may be other formats, metadata extraction, thumbnail-generation etc.
- Social-networking engine – sharing, rating, commenting etc.
- Syndication engine – support for blogging, MRSS/RSS feed generation etc.
- Search engine – supports video/audio searching by tag, title, id3 etc.
These are a few things I noticed by reading their product page. I have not used this product but it seems to solve lots of problems you face while building something like YouTube – a video-sharing website.
I don’t have any information for licensing or source-code-availability. I would expect to get source-code so that I can modify it, if required. Though, I would not mind sharing any changes made by me with Tekriti. I might get a good deal and save initial investment
Update: I would soon write, how to build the same using available open-source technology stack. I am not sure when but hopefully in coming months.