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After receiving a $270 million investment in 2014 from Telstra, Ooyala will sell its online video platform business to video cloud services provider Brightcove.Microsoft: Now PowerShell's secrets tool preview supports Linux and macOSYou agree to receive updates, alerts, and promotions from the CBS family of companies - including ZDNet’s Tech Update Today and ZDNet Announcement newsletters.
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Brightcove just announced that it’s acquiring Ooyala’s online video platform business.
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Telstra has completed its US$270 million acquisition of 98 per cent of video streaming and analytics company Ooyala. Data Centers
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Telstra already had a 23 per cent stake in the company when it announced the acquisition in August.. Telstra initially invested in Ooyala in 2012 and prior to acquisition had invested US$61 million in the video company.
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When we announced the initial impairment 18 months ago, we indicated that we would be working closely with the team to turn around the performance," former Telstra group exec of Technology, Innovation, and Strategy and Ooyala chair Stephen Elop said at the time.
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Telstra purchased Ooyalain two stages in 2012 and 2014 under the direction of former chief David Thodey, spending more than $500 million in the process. with
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