Dalet acquires Ooyala Flex Media Platform

The asset agreement includes the Ooyala Flex Media Platform, as well as Ooyala personnel in sales, marketing, engineering, professional services and support.

The valley, provider of solutions and services for broadcasters and content professionals, announced this Monday the signing of a definitive agreement for the business acquisition Ooyala Flex Media Platform.

The asset agreement includes the Ooyala Flex Media Platform, as well as Ooyala personnel in sales, marketing, engineering, professional services and support. The Ooyala Flex Media Platform, sold primarily as a subscription/SaaaS offering, is a solution intended for OTT service and digital media distribution workflows. The acquisition of these assets, personnel and clients will expand Dalet's solution offering to more verticals and levels beyond its traditional client base in News and Production workflows, and accelerate Dalet's strategic move to increase recurring revenue models, with a subscription/SaaaS-based service offering.

David Lasry, CEO of Dalet, highlights that "with the acquisition of 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 5 offering in our traditional markets, also opens opportunities for new customers such as corporate brands, telcos, leagues and sports teams, who are simply looking to manage their media assets. The modern metadata management and orchestration capabilities of the “Ooyala Flex Media Platform delivers what these organizations need to reduce total cost of ownership, improve agility and reduce time to market.”

"In addition, Dalet's proven products and services will enable Ooyala customers to scale and expand their Ooyala Flex Media Platform. We have a technology track record backed by world-class professional services and customer success teams that can provide the knowledge and expert guidance in scaling media operations to optimize the value of their Ooyala investment," he adds.

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 monitoring of on-premise/cloud platforms will better serve these premium customers.

Jonathan Huberman, CEO of Ooyala, has been "incredibly proud of what Ooyala has achieved. Our talented research and engineering team has built a renowned technology platform that powers the major media workflows of some of the most iconic brands in the world. Dalet's strong position in the market and its deep experience in the design and implementation of media workflows is an excellent fit for Ooyala's clients and technical teams. I am confident that under its guide, they will continue to innovate and grow.”