Online video: Brightcove buys Ooyala for scrap

by bold-lichterman

At the start of the year, the American Brightcove gets its hands on a longtime rival. Indeed, the Boston-based group has just acquired Ooyala, a provider of online video distribution and monetization solutions. The amount of this acquisition is $ 15 million, while Ooyala had raised $ 123 million between 2007 and 2013, and Telstra has invested no less than $ 500 million in the company. In detail, the transaction was carried out via a payment of $ 9 million in shares and $ 6.25 million in cash. The transaction is expected to be finalized during the first half of the year.

As part of the acquisition, Brightcove, which is developing an online video hosting and distribution platform, will take over Ooyala’s technology, platform and intellectual property. The US group will also retain a significant portion of Ooyala’s workforce in engineering, customer support and sales, including the company’s operations run from Guadalajara, Mexico.Apple-converted-space “>

Brightcove wants to relaunch in a rapidly changing market