The amount of the deal was not disclosed.
The acquisition aims to extend the IBM Cloud platform to allow enterprise clients to free the value of video
Led by Brad Hunstable, CEO, Ustream provides cloud-based video streaming to enterprises and broadcasters for everything from corporate keynotes to live music concerts. The company streams live and on-demand video to about 80 million viewers per month for customers such as NASA, Samsung, Facebook, Nike and The Discovery Channel.
Headquartered in San Francisco, with a development office in Budapest, Hungary, and data centers in San Jose, Calif.; Amsterdam; and Tokyo, Ustream joins the newly-formed IBM Cloud Video Services unit that combines assets from IBM’s R&D labs and strategic acquisitions. IBM will deliver a portfolio of video services that spans open API development, digital and visual analytics, simplified management and consistent delivery across global industries.
The unit, led by General Manager, Braxton Jarratt, combines assets from Ustream, as well as the recent acquisition of Clearleap. It will also create solutions that integrate technologies from other IBM investments, including Aspera and Cleversafe, as well as IBM R&D innovations.