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Slide #89. Brightcove Inc. — Unicorn Media
Brightcove Inc. (NASDAQ:BCOV)
Brightcove Inc. (NASDAQ:BCOV), a leading global provider of cloud services for video, today announced it has completed its acquisition of Unicorn Media, a leading provider of cloud video ad insertion technology. On January 6, 2014, Brightcove announced the signing of its definitive agreement to acquire Unicorn Media for approximately $49 million. Under the terms of the agreement, the purchase price consists of 2,850,547 shares of Brightcove stock and approximately $9.1 million of cash used to pay transaction and other expenses of Unicorn Media.
Brightcove is a provider of cloud-based services for video. Co.'s main video products include: Brightcove Video Cloud, which is an online video platform to publish and distribute video to Internet-connected devices; Brightcove Live, which is a live streaming solution; Brightcove Beacon, a purpose-built app that enables its customers to launch over-the-top video experiences; Brightcove Player, which provides video player technology with a cloud-based service for creating and managing video player experiences; and Zencoder®, a cloud-based video encoding service. Co.'s video solutions include Virtual Events Experience, Brightcove Video Marketing Suite, Brightcove Enterprise Video Suite.
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Hold (2.00 out of 4)