Brightcove acquires HTML5 specialist Zencoder
Online video specialist Brightcove has acquired cloud-based encoding company and HTML5 video player provider Zencoder.
Separately, Brightcove has reported second-quarter revenues of US$21.6 million (€17.5 million), up 41% year-on-year. The company posted gross profit of US$15.2 million, up from US$10.3 million the previous year, and a net loss of US$4.3 million, down from a net loss of US$6.9 million for the same period in 2011.
Zencoder’s Video.js is an open source HTML5 video player used on over 24,000 websites, according to Brightcove. Zencoder customers include PBS, Scripps Networks Interactive, IGN, SmugMug, Yammer, TwitVid, College Humor and Funny or Die.
“We believe the Zencoder acquisition will advance Brightcove’s position as a leading cloud platform provider that not only provides rich, end-to-end solutions for digital content publishing and distribution, but also offers scalable standalone building blocks for developers to build custom systems,” said Jeremy Allaire, Brightcove chairman and CEO. “We are happy to have the Zencoder team join the Brightcove family and help drive innovation and expand our platform-as-a-service offerings that empower users to deliver world-class content experiences to consumers on every device.”