IBM confirms buying UStream
IBM has successfully concluded its talks to acquire the platform UStream live video. According to sources familiar with the deal cited by Fortune, the acquisition will be encrypted by about $ 130 million in cash plus potential earn-outs and employee retention packages.
The relationship between IBM and UStream dates back to April 2014, when Ustream was the only video service included in the market launch in the IBM Cloud. Months later, the two companies announced that Ustream technology would be used to incorporate streaming video capabilities in bluemix, open development platform on the IBM Cloud.
With this acquisition, UStream will integrate into the new video unit in the IBM Cloud, part of the business of distributed computing based on the American corporation services. The online distribution capacity UStream video products will strengthen IBM marketing.
Also, from now on it it will be easier for developers to create video streaming capabilities in the IBM Cloud, and enterprise collaboration. It could also lead to new applications of Watson.
UStream, founded in 2007 and headquartered in Silicon Valley, has raised nearly $ 50 million in venture capital, although its latest round of funding was at the end of 2011. Its list of investors including DCM, Eastward Capital Partners, Labrador Ventures, KT Corp, SoftTech VC, SoftBank, Recruit Strategic Partners, Wasabi Ventures and Western Technology Investment. Its customers include Facebook and The Disney Channel.