Brightcove Inc., the leading provider of cloud services for video, announced it has completed the acquisition of the online video platform business of Ooyala, a provider of cloud video technology.
The strategic acquisition strengthens Brightcove’s position as the market leader in the online video industry. Ooyala OVP customers join an already impressive list of companies working with Brightcove.
“This is an exciting time for the company as we integrate Ooyala’s OVP business into Brightcove. We are thrilled to welcome Ooyala’s OVP customers to the family, along with our new team members in Guadalajara and around the globe. We look forward to providing a world-class experience for all of our new, future, and existing customers and employees” said Jeff Ray, CEO, Brightcove. “The addition of our new team members further positions Brightcove to accelerate our speed of innovation and provide deeper support for all of our customers. We are living in the age of video and are 100% committed to ensuring that our customers reap the power and value of video technology to help propel their businesses forward.”
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Since its inception, Brightcove has been dedicated to building a best-in-class global video platform with solutions to support media, entertainment, marketing, and enterprise companies. Aspects of Ooyala’s technology will be integrated into the Brightcove platform to provide a best in class offering for all customers.
Brightcove Inc. is the leading global provider of powerful cloud solutions for managing, delivering, and monetizing video experiences on every screen. A pioneering force in the world of online video since the company’s founding in 2004, Brightcove’s award-winning technology, unparalleled services, extensive partner ecosystem, and proven global scale have helped thousands of companies in over 70 countries achieve better business results with video.
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This press release includes certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including statements concerning our position to execute on our growth strategy, the successful integration of Ooyala’s online video platform (OVP) business, customers and personnel, and our ability to expand our leadership position and market opportunity.
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