Virgin Mobile has become the first announced Australian customer of video hosting and analytics company, Ooyala, since the opening of its Australian office earlier this year.
on 12/14/2010 – Made popular on 12/14/2010
Streaming video distribution and monetization platform Ooyala is being acquired Australian telco Telstra, which will invest $270 million to reach a 98 percent ownership stake in the company. This is up from the 23 percent it owned through a previous investment round.
Video distribution startup Ooyala raised another $43 million today, in a round of funding led by Australian telecom service provider Telstra. The funding brings the total amount raised to more than $120 million, and buys the company some time before it might have to go public. Ooyala customers include ESPN, Fox Sports, Pac-12 Network, and, uh, Telstra.