Advanced Television

Brightcove Q2 up 41%, acquires Zencoder

July 27, 2012

Online video platform Brightcove has reported Q2 revenues of $21.6 million, up 41 per cent year-over-year, and the company ended the quarter with 4,697 customers using its Video Cloud and App Cloud platforms, up 43 per cent year-over-year.

“We are pleased with our second quarter results, which exceeded our guidance on both the top and bottom line,” said Jeremy Allaire, Chairman and Chief Executive Officer of Brightcove. “Brightcove is benefiting from growing demand as companies across a wide range of industries and size are embracing online digital content as a way to deliver more compelling experiences to their customers.”

Brightcove has also confirmed the acquisition of Zencoder, a cloud-based video and audio encoding provider and the creator of Video.js, a popular open source HTML5 video player used on tens of thousands of websites.

Categories: Articles, Business, M&A, Results, Video