IBM Acquires Cloud-Based Video Provider To Gain Larger Slice of $105 Billion Market
IBM said it acquired Ustream, which provides cloud-based live and on-demand video streaming services to 80 million viewers every month, for an undisclosed sum. Ustream, whose customers include The Discovery Channel, Facebook, NASA, Nike and Samsung, will become part of…
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IBM's Cloud Video Services unit, the company said in a Thursday news release. IBM said the new unit will target the estimated $105 billion cloud-based video services and software market, which includes webcasts, conference keynotes, training and education, webinars and how-to videos. IBM said it will provide a portfolio of "video services that spans open API [application programming interface] development, digital and visual analytics, simplified management and consistent delivery across global industries."