Kaltura, an open source video platform, acquired Tvinci, an Israeli provider of Pay OTT TV services.
The acquisition, whose amount was not disclosed, aims to strengthens Kaltura’s Pay-TV operator proposition and give it a leadership position in the OTT market to power video experiences across several markets (including Media & Entertainment, Enterprise, Education) and channels (e.g. Multimedia Service Providers such as MVPDs, Telcos, MSPs, and Cloud Vendors).
Kaltura, which raised $47m in venture capital (read here), has already begun integrating Tvinci’s technology into its OTT MediaGo™ product. The integrated Kaltura-Tvinci platform enables operators and telcos, media companies, content owners and distributors to reach and monetize every user on every device. The platform supports live, on demand, and catchup services; SVOD, TVOD and ad-based monetization; social interaction and a personalized experience.
Led by founders Ofer Shayo and Ido Wiesenberg and executives Avidan Lamdan and Amir Eilat, who will be joining Kaltura’s top management team in a variety of global positions, Tvinci brings a customer base of TV providers including Eutelsat in Germany, MediaCorp in Singapore, Liberty Global in the Netherlands, Solar Entertainment in the Philippines and Yes in Israel.
The company employs more than 60 people worldwide, who will be merging with Kaltura’s Israel-based technology team.
FinSMEs
03/05/2014