IBM acquires Ustream, one of the 3 top tech startups from Hungary

IBM acquires Ustream, one of the 3 top tech startups from Hungary

IBM announced that it has acquired top Hungarian tech startup UStream. The financial terms of the acquisitions were not disclosed, Fortune reported about the deal valued at $130 million. Ustream joins the newly-formed IBM Cloud Video Services unit.

Ustream, in operation since 2007, delivers live and on-demand video streaming to enterprises and broadcasters for everything from corporate keynotes to live music concerts. The company streams live and on-demand video to about 80 million viewers per month for customers such as NASA, Samsung, Facebook, Nike and The Discovery Channel. Read more »


 
 
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