Ooyala has announced that Singapore-based global investment firm EDBI
has joined Telstra and others as Ooyala investors in closing its Series
E round of funding. Telstra, one of the largest multinational
telecommunications companies in the world and Australia's largest
service provider, led the round. The total amount raised is $35 million.
To further fuel its momentum throughout Asia, Ooyala is also
establishing a new hub in Singapore to house its regional digital
broadcasting operations and services.
Jay Fulcher, chief executive officer for Ooyala, said, "Two years ago we
identified the Asia-Pacific region as a strategically important business
imperative, and we're proud today to have become the definitive leader
there. Ooyala is providing the technology platform that will soon be the
standard for the biggest media and service providers in the region.
Working with the likes of Telstra and EDBI, we now have some of the
area's most powerful resources required to drive the transformation of
the media services landscape throughout the Asia-Pacific markets."
"Ooyala's leadership in online video analytics and monetization is its
key differentiator from competing platforms," said Ms. Chu Swee Yeok,
CEO of EDBI. "Establishing its Asia-Pacific headquarters and development
facilities in Singapore, a premier business hub, strongly positions
Ooyala to capitalize on the rapidly developing online video revolution
in Asia. Through this symbiotic partnership, Singapore's data analytics
capabilities will be strengthened with Ooyala's pioneering efforts in
big data video analytics while EDBI's extensive international networks
will be accessible to Ooyala, enabling it to further expand its global
footprint through Singapore to Asia and the rest of the world."
Today's announcement comes on the heels of Ooyala signing Telstra as an
investor, reseller and customer. Ooyala is now working with Telstra to
integrate its streaming, monetization and discovery platform with
Telstra's over-the-top entertainment offerings, including its BigPond
broadband service for internet and TV, and T-Box, a revolutionary
digital set top box that provides access to free-to-air TV channels as
well as internet channels, TV shows, BigPond Movies on demand and FOXTEL
on T-Box, via the BigPond broadband service. Telstra will be working
with media companies throughout Australia to standardize digital
distribution and monetization on the Ooyala platform.
Ooyala delivers personalized video experiences across all screens and is
the leader in online video management, publishing, analytics and
monetization. Ooyala's integrated suite of technologies and services
give content owners the power to expand audiences through deep insights
that drive increased viewer engagement and revenue from video.
Companies using Ooyala technology include Telstra, ESPN, Pac-12
Enterprises, Miramax, Bloomberg, Telegraph Media Group, Tennis
Australia, The North Face, Rolling Stone, Dell, Sephora and Yahoo!
Japan. Headquartered in Mountain View, California, Ooyala has offices in
Los Angeles, New York City, London, Sydney and Guadalajara, Mexico; and
the company works with premier reseller and technology partners
throughout the Americas, Europe, Africa, Japan and the Asia-Pacific
region. For more information visit www.ooyala.com.
EDBI is a leading investment firm headquartered in Singapore with a
worldwide presence. EDBI invests to drive growth opportunities within
the knowledge and innovation-intensive sectors of Internet & Digital
Media, Biomedical Sciences, Clean Technologies as well as key industries
in Singapore. As a value adding investor, EDBI creates sustainable and
synergistic partnerships with its portfolio companies, leveraging on its
extensive networks and experience to facilitate the companies' growth
strategies for Asia and the world, through their operations in
Singapore. For more information on EDBI, visit http://www.edbi.com.
Telstra is Australia's leading telecommunications and information
services company, with one of the best known brands in the country.
Telstra has a dedicated media division responsible for managing
Telstra's end-to-end media capacities which include IPTV, movie
downloads, online and mobile entertainment, directories and search as
well as a 50 per cent investment in Australia's leading subscription
television service FOXTEL with more than 100 channels. For more
information visit www.telstra.com.au.
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