Brightcove Inc. (NASDAQ: BCOV) was founded in 2004, formerly known as Video Marketplace, Inc., changed to its current name in March 2005, headquartered in Boston, Massachusetts, USA, with 547 full-time employees. It is an online company Video technology service providers provide cloud-based services for videos.
Brightcove Inc. (BCOV):
Blackway is a software company that provides an online video platform that helps customers focus on using video to drive business in a meaningful way, whether it’s broadcasting or publishing, marketing or corporate communications. The company achieves this goal through continuous technological innovation, fostering a broad video-centric ecosystem, and becoming a true partner of customers. Brightcove has customers in 70 countries/regions around the world.
Brightcove Inc. provides:
- Video Cloud, which is an online video platform that enables customers to publish and distribute videos to Internet-connected devices.
- Zencoder, a cloud-based video encoding service for file support, quality and control, speed and reliability, platform and security, and accounts and integration.
- SSAI, cloud-based advertising insertion and video splicing service.
- Player, a cloud-based service for creating and managing video player experiences.
- Ooyala, an online video platform.
- Video Marketing Suite, this is a set of video technologies that can meet the needs of marketers to increase awareness, engagement and conversion rates.
- OTT Flow provides services for media companies and content owners and deploys live and on-demand video services directly to consumers across platforms.
- Enterprise Video Suite, an enterprise-level platform for internal communication, employee training, real-time streaming, marketing and e-commerce videos.
- In addition, the company also provides account management, professionalism, support, and online and on-site training services.
Blackway Company through direct sales in North America, Europe, Japan, Asia Pacific and internationally, recommend partners, channel partners and distributors and online sales for media companies, broadcasters, publishers, sports and entertainment companies, fashion and Hotel brands and companies, religious institutions, e-commerce platforms and high-tech organizations, as well as governments, educational institutions and non-profit organizations provide services.
Brightcove Inc. (BCOV) History:
- Brightcove was founded in 2004 by Jeremy Allaire and Bob Mason.
- In December 2005, Brightcove partnered with Reuters to create a joint custom news video player program.
- In 2006, Brightcove completed Internet TV cooperation agreements with many large media companies including The New York Times (NYTimes.com and About.com), Discovery Communications (Discovery Channel, Travel Channel) and Sony BMG.
- In March 2006, Brightcove acquired Seattle-based Metastories, a manufacturer of StoryMaker, a video, audio, image and text publishing tool.
- In May 2006, Brightcove established a distribution partnership with TiVo and a content delivery partnership with Limelight Networks .
- In 2007, Brightcove take advantage of the trend magazine and newspaper publishers, and by Time Inc. , TV Guide and the Washington Post , Newsweek Interactive entered into an agreement (Newsweek Interactive) and other print media companies to expand into the online video space.
- In line with a series of transactions by British media companies, Brightcove opened an office in London in July 2007.
- In November 2009, Brightcove was named one of the two largest video platform providers in the United States.
- In April 2010, Brightcove raised US$12 million in Series D financing, with a total fundraising amount of nearly US$100 million. However, even if the estimated annual revenue reaches US$50 million, there is still almost no profit.
- In August 2010, Brightcove announced the establishment of a content delivery partnership with Akamai Technologies, the world’s largest CDN service provider . Together with Akamai Technologies, other partners include Sitecore, Cleeng, FreeWheel, YuMe, Conviva, Oracle , DoubleClick and other organizations.
- In May 2011, Brightcove released its App Cloud online product, aimed at developing mobile applications.
- Brightcove went public on an IPO in February 2012, and its shares were priced at $11 per share.
- In July 2017, the company announced that CEO David Mendels agreed to resign on July 31, 2017. Andrew Feinberg, former president and chief operating officer of Brightcove, was appointed as the acting CEO until Jeff Ray was appointed as the new CEO in April 2018.