Online video platform provider Kaltura has acquired pay OTT specialist Tvinci, in a bid to widen its focus from VoD to also include live and linear programming.
Kaltura said the deal will allow it to offer an authenticated pay OTT experience and help establish the firm as a pure-play video technology company that can power any video experience, across all markets.
Financial terms of the deal were not disclosed, though the acquisition comes just three months after Kaltura secured an additional US$47 million (€34 million) in funding – cash that it said it would use to “accelerate product development” and to expand into different international markets.
“By joining forces with Kaltura, we will accelerate our growth and upgrade our offering in order to provide the most comprehensive end-to-end Paid OTT TV offering in the global market,” said Tvinci co-founders Ofer Shayo and Ido Wiesenberg in a statement.
Ron Yekutiel, Kaltura co-founder, chairman and CEO said: “The acquisition of Tvinci completes our transition from focusing largely on VOD assets and ad-based monetisation, 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.”
Tvinci’s existing customers include Eutelsat in Germany, MediaCorp in Singapore, Liberty Global in the Netherlands, and Yes in Israel. These will join Kaltura’s global media customer base, which includes Sesame Workshop, HBO, ABC, Warner Brothers, Paramount, DirecTV and Turner.
Kaltura’s pay OTT offering now includes the Kaltura MediaGo turnkey OTT product, and bespoke OTT and TVE solutions.
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23rd August 2019