Cloud Computing: AWS buys Elemental video software company for $500m
September 4, 2015
Grazed from CBROnline. Author: Editorial Staff.
Amazon Web Services has agreed to acquire Elemental Technologies as it looks to boost its cloud-computing services. Oregon-based Elemental Technologies, founded in 2006, has developed a technology which uses software-based video processing to distribute video over IP networks.
The firm translates the code of original digital video content for over 700 customers across the media industry, which includes ESPN, HBO, British Broadcasting and Comcast, for web distribution. Its technology can offer flexibility, scalability and performance required to deliver high quality video via turnkey, cloud-based and virtualised deployment models…
The deal size is about $500m, according to reports from The Information. Further details about the deal have not been disclosed. Amazon plans to combine technology expertise from both the firms to deliver integrated solutions for the media and entertainment companies…
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