Dalet acquires Ooyala’s Flex Media Platform business to widen its market offerings
Dalet, a technology provider in digital media management, has acquired Ooyala’s Flex Media Platform business for US$4.9 million. The asset acquisition deal includes the Ooyala Flex Media Platform, as well as Ooyala personnel across sales, marketing, engineering, professional services, and support.
The media distribution workflow software will expand Dalet’s customer base in News and Production workflows with subscription or software offerings, thereby increasing Dalet’s recurring revenue models.
Ooyala’s customers include leading 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 & Mirrors.
Together, Dalet’s and Ooyala’s experienced teams dedicated to supporting DevOps (development and operations), and on-premise/cloud platform monitoring will better serve these “premium customers”.
“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 own media assets.
“The modern metadata management and orchestration capabilities of the Ooyala Flex Media Platform bring what these organisations need to lower TCO (total cost of ownership), improve agility and reduce time to market,” states Dalet CEO David Lasry.
“Furthermore, Dalet’s 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 optimise the value of their Ooyala investment,” said Lasry.