JW Player acquires Vualto to deepen its offering to global broadcasters
The acquisition further accelerates JW Player's vision to empower customers with easy-to-use, scalable video technology
This acquisition arrives as the consumption of digital video continues its push to the mainstream. Video now comprises over 80% of all traffic on the internet, and according to JW Player data, people consume over two hours of digital video each day, a 40% increase since the beginning of 2020. As a result, a digital video strategy has become a ‘must have’ not only for broadcasters and media companies but also for organizations of all types, including marketing, e-commerce, e-learning, and Fortune 500s, among others. These new entrants have a diverse range of needs and require a scalable and flexible video platform that allows them to connect and engage with their audiences on the screens of their choice.
JW Player’s platform combines highly scalable video delivery with data insights from 2.7 billion unique monthly devices to help its customers achieve their business goals with video. Vualto complements JW Player’s offering with market-leading, high-end live streaming and DRM services for broadcasters. The combined result is a single platform for high-quality live and on-demand video delivery across mobile, web and OTT platforms, secure content delivery, and unique insights, intelligence, and monetization features to help customers grow their revenue.
Vualto CEO and co-founder Camilla Young said, “This is a huge growth opportunity for us as a business, as well as for our team. Our successful partnership with JW Player over the past year has given our teams the opportunity to successfully go to market under real-world circumstances. Through this, a natural culture match between our teams has already developed, which gives us incredible confidence that together we will be hugely successful. As we embark on this new chapter, our commitment to our existing broadcast customers and our DRM service remains, and we will continue to provide the same high level of support and service that our customers have come to expect from Vualto.”
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