Brightcove (BCOV) acquires cloud vision ad insertion tech developer Unicorn Media in an equity deal valued at ~$49M (2.9M BCOV shares, $9M cash).
Unicorn Media's cloud-based ad insertion and video stitching service, Once, aims to reduce the need for platform-specific ad tech. Once is used by the likes of ESPN, NBC News, and The Weather Channel.
Brightcove also announced preliminary Q4 results: the company expects income from operations of $1M-$1.3M (above prior guidance of $350K-$650K) on revenue of $29.7M-$30M (vs. analyst consensus of $28.4M).
The company guides for FY2014 revenue of $126M-$130M (vs. consensus of $125.7M) and loss from operations of $9M-$12M, which includes a loss of $11M-$12M due to Unicorn Media.