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.