Dalet, a provider of solutions and services for content pros and broadcasters, 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, services 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 production and news workflows, and will accelerate Dalet’s strategic move to increase recurring revenue models, with a subscription/SaaS-based services offering.
“By acquiring Ooyala, Dalet 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,” says David Lasry, chief executive officer for Dalet.
Las Vegas — Paris-based Dalet Digital Media Systems, a provider of media asset management (MAM) solutions, software and services for content providers and broadcasters, has signed a definitive agreement with Advent Venture Partners to acquire AmberFin, a UK-based company that specializes in video ingest, complex media manipulation, transcoding and quality control (QC) solutions.
The acquisition broadens the Dalet product offerings, which are built around an open, IT-centric technology framework. It creates an end-to-end solutions that includes comprehensive MAM capabilities along with the latest image processing, media transcoding and distribution.
“This acquisition allows us to offer the industry the most advanced level of workflow options. AmberFin has been at the forefront in mastering media, including transcoding and video quality control. The company has spearheaded many widely adopted industry standards such as MXF and AS-02. Its talent and expertise directly complement Dalet’s strengths in enterprise MAM-driven solutions,” said David Lasry, CEO of Dalet. “By melding our resources and innovative technologies, we can enrich both the Dalet and AmberFin products to offer the most complete and forward-thinking solutions for content providers to optimize their human resources and media assets. From ingest through multi-platform delivery, operators in news, sports and programming will reap tremendous efficiencies and productivity by applying our combined technologies.”
Dalet will continue to develop and support the AmberFin product line from that location. Jeremy Deaner is stepping down as CEO of AmberFin but is serving as a consultant for a period of time to facilitate the transition.