Latin America. Dalet has signed a definitive agreement to acquire the Ooyala Flex Media Platform business. The asset agreement includes the Ooyala Flex Media Platform, as well as Ooyala's staff in 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 OTT service and digital media distribution workflows. The acquisition of these assets, staff and customers will expand Dalet's solution offering to more verticals and levels beyond its traditional customer base in Production and News workflows, and accelerate Dalet's strategic move to increase recurring revenue models, with a subscription/SaaS-based service offering.
"By acquiring Ooyala, Dalet significantly expands the markets it can address in terms of verticals and their respective levels of complexity. The Ooyala Flex Media Platform, a perfect complement to our existing Dalet Galaxy five offering in our traditional markets, also opens up opportunities for new customers such as corporate brands, telcos, leagues and sports teams, who are looking to simply manage their media assets," said David Lasry, CEO of Dalet.
He added that "the modern metadata management and orchestration capabilities of Ooyala's flexible media platform bring what these organizations need to reduce TCO, improve agility, and reduce time to market."
Ooyala's clients 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 and Ooyala's experienced teams dedicated to support, DevOps, and on-premises/cloud platform monitoring will better serve these premium customers.
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