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DaCast Acquires Vzaar, Expanding its OTT Solution
Friday 15 March 2019

15 March 2019 - US-based DaCast, an SaaS platform offering video hosting and live streaming solutions, has acquired video hosting platform vzaar, the company said.

This acquisition brings together two major players in the online video streaming industry.

Founded in 2008, DaCast offers video hosting and live streaming solutions to professional organisations. To date, more than 120,000 broadcasters have used the DaCast platform.

In 2018, DaCast won the Streaming Media Readers' Choice Award for Best Small/Medium Business Video Platform, and was recognized as one of the 50 most influential online video companies in the streaming industry.

The DaCast online video platform includes professional tools, such as top-tier Akamai CDN delivery, low latency HLS live streaming, advanced monetisation paywall with support for multiple currencies and languages, real-time analytics, and streaming to multiple platforms simultaneously.

Since its founding in 2007, vzaar has become one of the most trusted video hosting companies for secure video hosting and delivery worldwide.

vzaar is one of the only OVPs to offer real streaming delivery in China.

The vzaar OVP comes preloaded with a variety of customization, security, management and analytical tools, which allow businesses such as Getty Images, Cathay Pacific, Kelloggs, ebay, and Dunkin' Brands to excel in their industries and achieve video success.

Online video is rapidly displacing TV as the dominant form of mass media, and countless businesses are choosing dedicated platforms like DaCast to stay ahead of this trend. Together, DaCast and vzaar have over 4,500 active customers.
Details
Date Published: 15/03/2019
Target: vzaar
Country: USA
Sector: Media
Type: Corporate acquisition
Financing:
Status: Closed
Vendor:
Buyer: DaCast
Comment:
Terms of the deal were not disclosed

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