Tuesday, December 8, 2015

IBM Acquires Clearleap for Cloud Video Platform

IBM has acquired Clearleap, a privately-held provider of cloud based video services based in Duluth, Georgia. Financial terms were not disclosed.

The Clearleap video platform is optimized for massive scalability, which enables clients to ramp up and support millions of concurrent users within seconds to support special events. Clearleap offers an open API framework that enables organizations to easily build video into applications and to adapt to specific business needs such as custom workflows and advanced analytics. The framework also enables access to key third-party applications and includes subscription and monetization services, and data centers from which to host digital video assets.

Clearleap said it serves leading brands such as HBO, A+E Networks, the NFL, BBC America, Sony Movie Channel, Time Warner Cable, and Verizon Communications, among others. The company operates data centers in Atlanta; Las Vegas; Frankfurt, Germany; and Amsterdam.

Clearleap will be integrated into the IBM Cloud platform to provide enterprises with a fast and easy way to manage, monetize and grow user video experiences and deliver them securely over the Web and mobile devices.

IBM said the acquisition is part of its broader strategy to help clients unlock the value of video as it grows in importance in business. IBM is advancing its cloud strategy to improve the performance and management of this powerful tool, and help clients extract insight from it.

“Clearleap joins IBM at a tipping point in the industry when visual information and visual communication are not just important to consumers, but are exploding across every industry," said Robert LeBlanc, Senior Vice President, IBM Cloud. "This comes together for a client when any content can be delivered quickly and economically to any device in the most natural way."