Stephen Percoco, CFA
Stephen Percoco, CFA
Thu, Jan. 21, 11:12 AM
- Less than 24 hours after Fortune reported IBM (IBM +1.7%) is in talks to buy live video streaming/delivery platform Ustream, IBM has confirmed the deal. As usual for IBM acquisitions, terms are undisclosed.
- IBM: "[Ustream] streams live and on-demand video to about 80 million viewers per month for customers such as NASA, Samsung, Facebook, Nike and The Discovery Channel ... IBM will deliver a powerful portfolio of video services that spans open API development, digital and visual analytics, simplified management and consistent delivery across global industries." The company also talks up the Ustream Development Platform (lets clients create custom video apps) and Ustream's social sentiment analytics services (used to gauge audience reactions to streams).
- Assets from Ustream will be added to a new Cloud Video Services unit that also features assets from recently-acquired Clearleap (provides video streaming, encoding, management, and monetization services), technologies obtained from the acquisitions of Cleversafe (object storage systems) and Aspera (high-speed file transfer software), and "IBM R&D innovations."
- The Ustream and Clearleap purchases follow public cloud rival Amazon's purchase of major video encoding/delivery software and services provider Elemental Technologies. Brightcove (BCOV +0.7%) is a notable independent player in the video streaming/monetization space.
- With the help of higher markets (the S&P is up 1.1%), IBM is bouncing a day after falling sharply in the wake of its Q4 report and light 2016 guidance.
- Prior IBM coverage
- Update: Bloomberg and the WSJ report IBM paid $130M for Ustream. Fortune previously reported of an acquisition price of $130M in cash + earn-out and retention payments.
Jan. 6, 2014, 8:54 AM
- 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.
Dec. 21, 2012, 9:42 AMEloqua (ELOQ -0.4%) has only a 10% chance of receiving a bid that tops Oracle's (ORCL) $23.50/share offer, says Pac Crest. Shares closed at $23.66 yesterday, but are down to $23.51 in early trading. The firm thinks Eloqua rival Responsys (MKTG), customer reviews/engagement platform Bazzarvoice (BV), and video hosting/distribution platform Brightcove (BCOV) could also be M&A targets. (Salesforce) | Dec. 21, 2012, 9:42 AM
Jul. 26, 2012, 6:20 PM
More on Brightcove's Q2: Total customers +10% Q/Q and +43% Y/Y to 4,697. The company expects 2012 revenue of $85.3M-$86M and EPS of -$0.44 to -$0.47, above a consensus $82M and -$0.48. Also, Brightcove announces it's acquiring Zencoder, provider of an online video encoding service, for $30M. ZenCoder's service leverages HTML5 rather than Adobe's (ADBE) Flash, has over 1,000 customers, and meshes well with Brightcove's video hosting service. BCOV +19.7% AH. (PR)| Jul. 26, 2012, 6:20 PM | 2 Comments