Bending Spoons buys Brightcove for $233 million

With the purchase of Brightcove, Bending Spoons enters the enterprise SaaS market and will leverage its technological expertise to further strengthen the developer of streaming technology solutions and take its platform to new heights.

Bending Spoons is a company serving one billion people around the world through its suite of digital technology products, such as Evernote, Issuu, Meetup, Remini, StreamYard, Splice y WeTransfer.

Under the terms of the agreement, the transaction has been closed in 233 million dollars. Brightcove shareholders will receive $4.45 per share in cash for each Brightcove common share they own. The purchase price per share represents a 90% premium to the 60-day volume-weighted average price of Brightcove shares as of the close on November 22, 2024.

Diane Hessan, Chairman of the Board of Directors of Brightcove, comments that "We are pleased to have reached this definitive agreement with Bending Spoons, which represents the culmination of a comprehensive strategic review process led by our Board of Directors and with the support of our management team and advisors. As the Board considered the long-term path for Brightcove, we unanimously determined that this transaction represents the best opportunity to maximize the value of the business and deliver compelling, certain and immediate cash value to our shareholders."

Marc DeBevoise, CEO of Brightcove, says the company "is a successful enterprise SaaS leader with 20 years of history, 12 of them as a public company. We have been pioneers and innovators in the streaming market, from the early days of video player technologies to the leading video-powered engagement platform we are today. Today's announcement will allow Brightcove to leverage Bending Spoons' technology and market expertise and better position Brightcove to continue to thrive in the streaming market. streaming and capture technology.

For its part, Luca Ferrari, CEO and co-founder of Bending Spoons, said: "We are delighted to welcome Brightcove to the Bending Spoons portfolio. Brightcove is a trusted and respected name in the streaming technology space, and we look forward to serving its large global customer base." When Bending Spoons acquires a company, it does so with the intention of owning and operating it indefinitely. With this in mind, we are excited to build on the strong work of the current team and ensure that Brightcove thrives for years. "many years."

The transaction, unanimously approved by Brightcove's Board of Directors, is expected to close in the first half of 2025, subject to customary closing conditions and approvals, including approval by Brightcove shareholders and receipt of necessary regulatory approvals. Upon completion of the transaction, Brightcove will become a private company and its common stock will be delisted.

Brightcove crea las soluciones tecnológicas de streaming más fiables, escalables y seguras del mundo para crear una mayor conexión entre las empresas y sus audiencias, independientemente de dónde se encuentren o en qué dispositivos consuman contenidos. En más de 60 países, la plataforma de vídeo inteligente de Brightcove permite a las empresas vender a sus clientes con mayor eficacia, a los líderes de los medios de comunicación retransmitir y monetizar contenidos de forma más fiable y a todas las organizaciones comunicarse con los miembros de su equipo con mayor eficacia. Con dos premios Emmy de Tecnología e Ingeniería a la innovación, un tiempo de actividad que lidera sistemáticamente el sector y una escalabilidad inigualable, ampliamos continuamente los límites de lo que el vídeo puede hacer.

Acerca de Bending Spoons

Bending Spoons ha prestado servicio a mil millones de personas en todo el mundo a través de su conjunto de productos de tecnología digital, como Evernote, Issuu, Meetup, Remini, StreamYard, Splice y WeTransfer. Sus productos son utilizados actualmente por más de 200 millones de personas cada mes.