Ooyala Improves Digital Video Experience with $35 Million in New Capital

by Parks Associates | Jun. 25, 2012

ooyala logoOoyala has raised $35 million in new capital to standardize digital video experiences provided by multi-service operators and TV programmers worldwide on the Ooyala video streaming, monetization and discovery platform. Telstra Applications and Ventures Group, a subsidiary of Australia's largest telecommunications and information services company Telstra, led the Series E round, with prior investors Sierra Ventures, Rembrandt Venture Partners and CID Group participating in addition to other strategic investors.

Telstra will join Ooyala's network of major reseller partners that includes Telefonica, Yahoo! Japan, and others. Telstra is Australia's leading telecommunications company with presence in 15 countries including China. It operates Australia's largest fully integrated IP network and its largest and fastest wireless broadband network, and is one of the country's 20 largest companies by market capitalization. Its cable and media assets include multi-device IPTV offerings, Big Pond Broadband, Big Pond Movies, a 50% ownership in Foxtel and other assets.

Telstra's current multi-device IPTV offerings will be enhanced through the integration of Ooyala's online video technology and analytics. Combining Telstra and Ooyala provides the opportunity to take advantage of the strengths of both organisations to better serve the Australian market. Telstra will work closely with Ooyala on a smooth transition of services to allow its customers to reap the benefits of the new model.

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