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Management, Australian Telecommunications Provider Telstra Buy Out Ooyala.

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Vincent

MANews-(C)2009-2018

18 October 2018 - California, US-based content supply chain provider Ooyala and Australia-based telecommunications provider Telstra have completed the management buyout of Ooyala to provide the foundation for Ooyala's next growth phase, the company said.

With this deal, Telstra is writing off its USD 500m-plus investment in video streaming.

Led by existing management, Ooyala expects continued revenue growth fueled by the market adoption of Ooyala Flex Media Platform and its key capabilities focussed on cross-device playback and monetisation, TV-grade live streaming, MAM-based content management, and insights driven content creation.

For over 10 years, Ooyala has been a provider of OTT, content production, and digital distribution solutions.

Ooyala powers linear and on demand video for companies, managing thousands of hours of content and serving billions of streams across all platforms.

With its open APIs and vast partner ecosystem, Ooyala Flex Media Platform provides...

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