US firm Brightcove, a leading global provider of cloud content services, has posted revenues of US$ 21.6mn for the second quarter of this year, up 41% on an annual basis, and announced the acquisition of cloud-based video and audio encoding provider Zencoder.
The cloud video specialist also divulged that it ended the quarter with 4,697 customers using its Video Cloud and App Cloud platforms, up 43% year-over-year.
Zencoder is the creator of Video.js, a popular open source HTML5 video player used on tens of thousands of websites, and brings over 1,000 paying customers, including PBS and Scripps Networks Interactive.
Its office in San Francisco will become the Brightcove Bay Area R&D Centre, and will join Brightcove’s Boston and Seattle R&D centres as hubs for development of Brightcove products and services.
Brightcove is planning to use the acquisition to extend its video and app platform product lines with a new platform-as-a-service offering for developers, part of the broader market shift towards utility-based developer platforms in the cloud.