The “foundation for the next phase of growth” at San Jose, Calif.-based Ooyala has now been firmly planted, as the current management team has completed a buyout of the provider of OTT, content production and digital distribution tools.
Former owner Telstra will remain “a valued go-to-market partner and customer” moving forward, Ooyala said.
“With this transaction we’re ushering in an exciting new chapter for our company, positioning ourselves to invest even more aggressively in our client solutions,” said CEO Jonathan Huberman. “We’re now much better equipped to more nimbly drive Ooyala’s growth – innovating our own technologies as well as acquiring others that deliver the best customer satisfaction.”
Huberman added that a flagship product, Ooyala Flex Media Platform, “is on track to solidify a position as the best-in-class video streaming and media logistics solution.”
Huberman also noted that the company is “actively exploring acquisition opportunities to further accelerate Ooyala’s growth.”