Upon heels of $47 million funding round, video platform Kaltura purchases Tvinci to create the world’s most comprehensive end-to-end Pay OTT TV offering
, the leading open source video platform, announced today that it has acquired Tvinci
, the leading 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 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.
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 personalization capabilities, and with tools for creating bundles and promotions.