The acquisition will accelerate the company's move to increase recurring revenue models, with a subscription/SaaS-based services offering.
Dalet, a provider of solutions and services for broadcasters and content professionals, has signed a definitive agreement to acquire the Ooyala Flex Media Platform business.
The asset deal includes the Ooyala Flex Media Platform, as well as Ooyala personnel across sales, marketing, engineering, professional services, and support.
The Ooyala Flex Media Platform, which is primarily sold as a subscription/SaaS offering, is a solution designed for servicing OTT and digital media distribution workflows.
The acquisition of these assets, personnel, and customers will expand the Dalet solutions offering to more verticals and tiers beyond its traditional customer base in news and production workflows and accelerate Dalet’s move to increase recurring revenue models, with a subscription/SaaS-based services offering.
Commenting on the acquisition, David Lasry, Chief Executive Officer, Dalet said: By acquiring Ooyala, Dalet significantly widens the markets it can address in terms of verticals and their respective tiers of complexity. A perfect complement to our existing Dalet Galaxy five offering in our traditional markets, the Ooyala Flex Media Platform also opens opportunities for new customers such as corporate brands, telcos, leagues and sports teams, who are looking to simply manage their media assets. The modern metadata management and orchestration capabilities of the Ooyala Flex Media Platform bring what these organizations need to lower TCO, improve agility and reduce time to market.
Furthermore, Dalets proven products and services will enable Ooyala customers to augment and expand their Ooyala Flex Media Platform. We have a technology path forward supported by expanded, world-class professional services and customer success teams that can provide the know-how and expert guidance on scaling media operations to optimize the value of their Ooyala investment, Lasry added.
Ooyalas customers include brands such as Audi, Fox Sports Australia, HBO Asia, Media Prima, National Rugby League, Turner Asia, TV2, Zomin.TV, The Picture Production Company, Sky Sports, and Smoke and Mirrors.
Together, Dalets and Ooyalas experienced teams dedicated to support, DevOps, and on-premise/cloud platform monitoring promise to better serve these customers.
Speaking on the announcement, Jonathan Huberman, Chief Executive Officer, Ooyala added: I am incredibly proud of what Ooyala has accomplished. Our talented research and engineering team has built a renowned technology platform that powers core media workflows for some of the worlds most iconic brands.
Dalets strong market position and deep expertise in designing and deploying media workflows is an outstanding fit for Ooyala customers and technical teams. I am confident under their guidance, they will continue to innovate and grow.