10.02.2012 10:57 AM
Ooyala Closes on $35 Million in Series E Funding
Online video manager to establish hub in Singapore
MOUNTAIN VIEW, CALIF. -- Ooyala said today that it closed on $35 million in Series E funding. Singapore-based global investment firm EDBI joined Telstra and others in the round, with Telstra, Australia’s largest telecom service provider, leading. Ooyala is also establishing a new hub in Singapore to house its regional digital broadcasting operations and services.

“Ooyala’s leadership in online video analytics and monetization is its key differentiator from competing platforms,” said Ms. Chu Swee Yeok, CEO of EDBI. “Establishing its Asia-Pacific headquarters and development facilities in Singapore, a premier business hub, strongly positions Ooyala to capitalize on the rapidly developing online video revolution in Asia. Through this symbiotic partnership, Singapore’s data analytics capabilities will be strengthened with Ooyala’s pioneering efforts in big data video analytics while EDBI’s extensive international networks will be accessible to Ooyala, enabling it to further expand its global footprint through Singapore to Asia and the rest of the world.”

Today’s announcement comes on the heels of Ooyala signing Telstra as an investor, reseller and customer. Ooyala is now working with Telstra to integrate its streaming, monetization and discovery platform with Telstra’s over-the-top entertainment offerings, including its BigPond broadband service for internet and TV, and T-Box, a revolutionary digital set top box that provides access to free-to-air TV channels as well as internet channels, TV shows, BigPond Movies on demand and Foxtel on T-Box, via the BigPond broadband service. Telstra will be working with media companies throughout Australia to standardize digital distribution and monetization on the Ooyala platform.


 



Comments
Post New Comment
If you are already a member, or would like to receive email alerts as new comments are
made, please login or register.

Enter the code shown above:

(Note: If you cannot read the numbers in the above
image, reload the page to generate a new one.)

No Comments Found




Thursday 10:05 AM
NAB Requests Expedited Review of Spectrum Auction Lawsuit
“Broadcasters assigned to new channels following the auction could be forced to accept reductions in their coverage area and population served, with no practical remedy.” ~NAB

Sue Sillitoe, White Noise PR /   Thursday 09:10 AM
Fairlight Unveils the Next Generation of Audio Post Production
Wall Street Communications /   Thursday 01:00 PM
NUGEN Audio AES Product Preview

 
Featured Articles
Discover TV Technology