Brightcove pays $15m for Ooyala’s video platform
February 14, 2019
Brightcove is acquiring the online video platform (OVP) business of Ooyala for $15 million (€13.2m).
Brightcove is buying Ooyala’s video content management and publishing platform Backlot, Analytics, Live, and its underlying IP and associated patents. It will also takeover much of Ooyala’s engineering, support, and sales staff, including the company’s Guadalajara, Mexico operations.
The deal comes just months after Ooyala’s management team completed a buyout from former owner Telstra.
Jeff Ray, CEO of Brightcove, said: “This transaction, which includes immediately growing our highly skilled and committed global workforce, accelerates our ability to deliver faster innovation and deeper support for all customers. We will also increase our market reach and further strengthen our ability to secure new business in key target markets.”