Cloud hosting services provider Brightcove acquires Unicorn Media for $ 11.9 million

17:57
Cloud hosting services provider Brightcove acquires Unicorn Media for $ 11.9 million -

Brightcove Inc. (NASDAQ: BCoV), a global provider of cloud services for hosting video , entered into a definitive agreement to acquire substantially all the assets of Unicorn Media, a video cloud provider ad insertion technology.

video-cloud-hosting-services Unicorn Media has pioneered a ad insertion in innovative cloud and seam video service called Once that addresses the limitations of traditional technology of online video ads. Once the service reduces or eliminates the need for own advertising technology platform and enables digital media companies to provide reliable live video advertising or on demand with personalized and targeted dynamic programming to the maximum range machines.

R & D Center

Unicorn Media is a company that has been awarded 14 US patents, which 7 also been issued internationally , and has 20 pending patent applications for technologies that are the basis of the product once and other related fields. These patents and inventions will be part of Brightcove portfolio of intellectual property after the closing of the transaction.

Brightcove will rename the Unicorn Media product line as Brightcove Once and continue to develop, operate and support service while integrating the technology with other Brightcove service. Unicorn Media headquarters in Tempe, Arizona will become the Brightcove South Centre R & D, joining similar centers in Boston, San Francisco and Seattle.

NBC News and The Weather Channel

"media companies struggle to efficiently deliver video content supported by advertising in a fragmented landscape platforms, including mobile devices, set top boxes, salon connected devices, and a growing number of PCs that have ad blockers installed, "said David Mendels, general manager of Brightcove . "With the acquisition of Unicorn Media, Brightcove will enable media companies to meet these challenges by offering the most comprehensive range of cloud hosting services for the delivery and monetization of online video content to the broadest range devices. "

digital media organizations well known, including ESPN, NBC News and the Weather Channel rely on once to take advantage of monetization opportunities across a wide range of devices and screens and deliver a smooth cloud service hosting the base end user experience that would rival or exceed traditional TV . in addition, a number of big media companies would have used the services of both Brightcove and Unicorn complementarily media.

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