Telstra Invested US$270 Million to Take Control of Ooyala
Telstra, which had previously invested US$61 million in Ooyala, invested another US$270 million, boosting its ownership from 23% to 98%. Telstra’s Global Applications and Platforms (GAP) business unit is tasked with investing in new software and cloud-based applications that can provide growth on a worldwide basis, extending its domestic (Australian) markets as well as existing investments in fixed and global networks that it has throughout the Asian region.
As we’ve covered in our research (notably, in the ABI Research competitive assessment Video Delivery Hardware and Platforms (CA-1108)), as well as a whitepaper developed for Ooyala, Ooyala’s online video platform has gone beyond the basic video content management function...
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