Ooyala’s OVP division, which includes its video content management and publish platform, as well as the underlying IP and associated patents, is been acquired by Brightcove, global provider of cloud services for video. The agreement, which is expected to close in the first half of 2019, includes parts of Ooyala’s engineering, support, sales staff and the operations located in Guadalajara (Mexico).

As stated by Jeff Ray, CEO of Brightcove, “This transaction, which includes immediately growing our highly skilled and committed global workforce, accelerates our ability to deliver faster innovation and deeper support for all costumers. We also will increase our market reach and further strengthen our ability to secure new business in key target market”.