New York, NY – Kaltura, the open source video platform, announced on May 1 that it has acquired Tvinci, global provider of Pay OTT TV services. The acquisition gives Kaltura a leadership position in the booming OTT market, and cements its role as the only pure-play video technology company to power any video experience across all markets (including Media & Entertainment, Enterprise, Education) and all channels (e.g. Multimedia Service Providers such as MVPDs, Telcos, MSPs, and Cloud Vendors).
Kaltura raised $47 million in venture capital in February and has experienced massive revenue and customer growth in the past year, as cited by leading analyst firms. The acquisition of Tvinci strengthens Kaltura’s Pay-TV operator proposition and creates the world’s most comprehensive end-to-end Pay OTT TV offering.
The OTT market which, according to Pricewaterhouse Coopers, will reach $17.44 billion by 2017, has emerged as one of the fastest growing segments in the media industry, with hundreds of millions of viewers worldwide watching some or all of their content online in a variety of ad-supported, subscription, and transactional service offerings.
Kaltura 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 monetise every user on every device. The platform supports live, on demand, and catch-up services; SVOD, TVOD and ad-based monetisation; social interaction and a personalised experience.
The integration of Tvinci’s technology into Kaltura’s platform also enhances Kaltura’s solutions for the Enterprise and Education markets, with advanced social and personalisation capabilities, and with tools for creating bundles and promotions.
Tvinci employs more than 60 people worldwide, including a strong research and development team at the company’s headquarters in Israel that will be merging with Kaltura’s Israel-based technology team. Tvinci’s founders, Ofer Shayo and Ido Wiesenberg, and key executives, Avidan Lamdan and Amir Eilat, will be joining Kaltura’s top management team in a variety of global positions.
Tvinci brings a customer base of TV providers from Latin America, EMEA and Asia-Pacific, which further accelerates Kaltura’s rapid growth in these regions. Tvinci customers include: Eutelsat in Germany, MediaCorp in Singapore, Liberty Global in the Netherlands, Solar Entertainment in the Philippines and Yes in Israel. These customers join Kaltura’s global media customer base, which includes: Sesame Workshop, HBO, ABC, Warner Brothers, Paramount, DirecTV, Turner and Wikipedia.
“This is a very exciting time at Kaltura. Just 3 months after securing an additional $47 million in funding, we are delivering on our promise to rapidly accelerate our growth and innovation,” said Ron Yekutiel, Kaltura Co-Founder, Chairman and CEO. “The acquisition of Tvinci completes our transition from focusing largely on VOD assets and ad-based monetisation, to providing an equal emphasis on live/linear programming and an authenticated Pay OTT TV experience. We are also very excited to broaden our offerings for the service provider markets, and to further boost our social, collaboration, and personalisation tools. But beyond anything else we are honoured and thrilled to be joining forces with Tvinci’s talented team. Ofer and Ido, along with Avidan and Amir, have built a remarkable company with an amazing product line and a superb culture. We look forward to realizing the great synergy between our strong offerings and teams.”
“Since our inception in 2007 we’ve been committed to bringing new TV experiences to viewers worldwide,” said Ofer Shayo, CEO and Co-Founder of Tvinci. “We’ve consistently and successfully predicted market behaviour and trends and are exceptionally proud of our illustrious list of customers across the world. This acquisition means that we now have the resources to move into new territories and continue to change the way that the world watches TV. We are very excited to join the experienced team at Kaltura and believe that our technology will bring additional dimensions such as social and personal experiences to their current offering.”
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