Brightcove
 |
|
| Public | |
| Traded as | NASDAQ: BCOV |
| Industry | Internet video |
| Founded | 2004 |
| Founder |
Jeremy Allaire Bob Mason |
| Headquarters | 290 Congress Street Boston, Massachusetts 02210 USA |
|
Key people
|
Andy Feinberg(CEO) Jeremy Allaire (Founder) Kevin Rhodes(CFO) |
| Website | brightcove |
Brightcove, Inc. (NASDAQ: BCOV) is a Boston, Massachusetts–based software company that produces an online video platform.
Brightcove was founded in 2004 by Jeremy Allaire, who served as Executive Chairman until April 2016, and Bob Mason. In March 2006, Brightcove acquired Seattle-based Metastories, makers of StoryMaker, a publishing tool for video, audio, images, and text. In May of that year, it established a distribution partnership with TiVo and a content delivery partnership with Limelight Networks.
Coinciding with a series of deals with UK media companies, Brightcove opened an office in London in July 2007.
In November 2009, Brightcove was named as one of the top two U.S. video platform vendors.
In April 2010, it was reported that Brightcove raised $12 million in fourth-round funding, nearing a total of $100 million, but still barely breaking even with the projected $50 million in annual revenue.
In August 2010, Brightcove announced a content delivery partnership with Akamai Technologies. Along with Akamai Technologies, its other partnerships include the ones with SiteCore, Cleeng, FreeWheel, YuMe, Conviva, Oracle, DoubleClick, and other organizations.
Brightcove went public in February 2012 with their stock priced at $11 per share. The price of the stock during the summer of 2017 was $7 per share, with the stock down 38 percent in the past year.
In July 2017, the company announced that CEO David Mendels agreed to step down as of July 31, 2017. Andrew Feinberg, previously Brightcove's president and chief operating officer will be the acting CEO until a permanent CEO is named.
In December 2005 Brightcove partnered with Reuters to create a program to syndicate customized news video players. In 2006, Brightcove completed Internet TV partnership deals with a number of large media companies including The New York Times Company (NYTimes.com and About.com),Discovery Communications (Discovery Channel, Travel Channel), and Sony BMG among others. In 2007, Brightcove capitalized on a trend of magazine and newspaper publishers expanding into online video by signing deals with print media companies including Time Inc., TV Guide, and Washingtonpost.Newsweek Interactive.
...
Wikipedia