Acquisition widens market offering and
accelerates the move to recurring revenue models
Dalet, a leading provider of solutions and services for
broadcasters and content professionals, today announced that it has
signed a definitive agreement to acquire the Ooyala Flex Media
Platform business. The asset deal includes the Ooyala Flex Media
Platform, as well as Ooyala personnel across sales, marketing,
engineering, professional services, and support. The Ooyala Flex
Media Platform, which is primarily sold as a subscription/SaaS
offering, is a perfect solution for servicing OTT and digital media
distribution workflows. The acquisition of these assets, personnel,
and customers will expand the Dalet solutions offering to more
verticals and tiers beyond its traditional customer base in News
and Production workflows, and accelerate Dalet's strategic move to
increase recurring revenue models, with a subscription/SaaS-based
services offering.
“By acquiring Ooyala, Dalet significantly widens the markets it
can address in terms of verticals and their respective tiers of
complexity. A perfect complement to our existing Dalet Galaxy five
offering in our traditional markets, the Ooyala Flex Media Platform
also opens opportunities for new customers such as corporate
brands, telcos, leagues and sports teams, who are looking to simply
manage their media assets. The modern metadata management and
orchestration capabilities of the Ooyala Flex Media Platform bring
what these organizations need to lower TCO, improve agility and
reduce time to market,” states David Lasry, chief executive
officer, Dalet. “Furthermore, Dalet’s proven products and services
will enable Ooyala customers to augment and expand their Ooyala
Flex Media Platform. We have a technology path forward supported by
expanded, world-class professional services and customer success
teams that can provide the know-how and expert guidance on scaling
media operations to optimize the value of their Ooyala
investment.”
Ooyala’s customers include leading brands such as Audi, Fox
Sports Australia, HBO Asia, Media Prima, National Rugby League,
Turner Asia, TV2, Zomin.TV, The Picture Production Company, Sky
Sports, and Smoke and Mirrors. Together, Dalet’s and Ooyala’s
experienced teams dedicated to support, DevOps, and
on-premise/cloud platform monitoring will better serve these
premium customers.
“I am incredibly proud of what Ooyala has accomplished. Our
talented research and engineering team has built a renowned
technology platform that powers core media workflows for some of
the world’s most iconic brands,” comments Jonathan Huberman, chief
executive officer of Ooyala. “Dalet’s strong market position and
deep expertise in designing and deploying media workflows is an
outstanding fit for Ooyala customers and technical teams. I am
confident under their guidance, they will continue to innovate and
grow.”
Advisors
BrowneJacobson (London) and King and Spalding LLP (France)
provided legal representation to Dalet for the transaction. Latham
Watkins provided legal representation to Ooyala for the
transaction.
RSM acted as accounting and tax advisors to Dalet for the
transaction. SOJE Capital LLC sourced and advised Dalet on the
acquisition.
For more information about Dalet and its solutions, please visit
www.dalet.com.
About Ooyala
Ooyala’s flexible and configurable content supply chain platform
resolves the multi-platform delivery needs of today’s content
creators and distributors.
The Ooyala Flex Media Platform has become the media factory of
choice for innovative content owners worldwide. It orchestrates
thousands of video workflows, manages assets and metadata across
multiple systems, and analyzes bottlenecks within the entire
content supply chain. The Ooyala Flex Media Platform utilizes open
APIs to integrate with existing systems to provide a single source
of truth for media, entertainment and sports companies.
About Dalet Digital Media Systems
Dalet solutions and services enable media organisations to
create, manage and distribute content faster and more efficiently,
fully maximising the value of assets. Based on an agile foundation,
Dalet offers rich collaborative tools empowering end-to-end
workflows for news, sports, program preparation, post-production,
archives and enterprise content management, radio, education,
governments and institutions.
Dalet platforms are scalable and modular. They offer targeted
applications with key capabilities to address critical functions of
small to large media operations - such as planning, workflow
orchestration, ingest, cataloguing, editing, chat &
notifications, transcoding, play out automation, multi-platform
distribution and analytics.
Dalet solutions and services are used around the world at
hundreds of content producers and distributors, including public
broadcasters (BBC, CBC, France TV, RAI, RFI, Russia Today, RT
Malaysia, SBS Australia, VOA), commercial networks and operators
(Canal+, FOX, MBC Dubai, Mediacorp, Mediaset, Orange, Charter
Spectrum, Warner Bros, Sirius XM Radio) and government
organisations (UK Parliament, NATO, United Nations, Veterans
Affairs, NASA).
Dalet is traded on the NYSE-EURONEXT stock exchange (Eurolist
C): ISIN: FR0011026749, Bloomberg DLT:FP, Reuters: DALE.PA.
Dalet® is a registered trademark of Dalet Digital Media Systems.
All other products and trademarks mentioned herein belong to their
respective owners.
For more information on Dalet, visit www.dalet.com.
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Alex Molina Zazil Media Group (e) alex@zazilmediagroup.com (p)
+1 (617) 834-9600