Beamr acquires Vanguard, $15m investment
March 29, 2016
Beamr, an expert in media optimisation solutions, is acquiring Vanguard Video, a provider of HEVC and H.264 codec technologies, and raising a $15 million funding round led by Disruptive Growth, with the participation of Marker and Innovation Endeavors.
Beamr says the transaction positions it as a global leader in H.264 and HEVC video encoding and optimization solutions, with over 80 employees and offices in Palo Alto, Tel Aviv and St. Petersburg, Russia. Following the acquisition, Beamr will offer a full array of media compression and optimisation solutions to its customers.
“Today’s announcement is exciting on many levels,” said Sharon Carmel, Founder and CEO of Beamr. “From an industry perspective, the combination of Beamr and Vanguard Video brings unmatched solutions for the broadcast and OTT content delivery market. For Beamr, the acquisition is an important milestone, and we gladly welcome our new, talented colleagues from Vanguard Video, to the family. On a personal note, it’s no secret that I’m fanatic about quality, and we have found that Vanguard Video’s encoders produce the best visual quality, at the lowest bit rates, with the highest performance levels. Together we will lead the video encoding market by far with unprecedented quality and performance.”