IBM (NYSE: IBM) acquired Clearleap, Inc., a Duluth, Georgia-based provider of cloud based video services.
The amount of the deal was not disclosed.
The acquisition aims to enable IBM to increase its cloud computing initiatives and allow users to access video from any device at any time and use it as a strategic source of data.
Led by Braxton Jarratt, CEO, Clearleap provides video platform optimized for massive scalability, which enables such clients as HBO, A+E Networks, the NFL, BBC America, Sony Movie Channel, Time Warner Cable, and Verizon Communications, among others, to ramp up and support millions of concurrent users within seconds to support special events.
The company’s open API framework enables organizations to build video into applications and to adapt to specific business needs such as custom workflows and advanced analytics. The framework also enables access to key third-party applications that customers may already have in their environments.
In addition, Clearleap includes subscription and monetization services, and data centers from which to host digital video assets.
Following the acquisition, the company’s video services will be offered through IBM Cloud data centers around the world providing clients global 24×7 service and technical support for rapid problem identification and resolution capabilities. IBM will offer the Clearleap APIs on IBM Bluemix in 2016 to enable clients to build new video offerings quickly and easily.
Founded in 2008, Clearleap also operates data centers in Atlanta; Las Vegas; Frankfurt, Germany; and Amsterdam.
FinSMEs
09/12/2015