Kaltura, 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.
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.
“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,” says Ron Yekutiel, Kaltura Co-Founder, Chairman & CEO. “The acquisition of Tvinci completes our transition from focusing largely on VOD assets and ad-based monetization, 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 personalization tools. But beyond anything else we are honored 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.”