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Ooyala sells Flex Media Platform business to Dalet

Deal also includes Ooyala personnel across sales, marketing, engineering, professional services, and support

Dalet has signed a definitive agreement to acquire the Ooyala Flex Media Platform business.

The deal includes the Ooyala Flex Media Platform, as well as Ooyala personnel across sales, marketing, engineering, professional services, and support.

Dalet has acquired Ooyala’s customer contracts in the UK, US and France. The transaction as been split into the three countries, with the total amount worth €4.3 million.

According to Dalet, the acquisition will expand Dalet’s solutions offering to more verticals and tiers beyond its traditional customer base in news and production workflows, and accelerate the company’s strategic move to increase recurring revenue models, with a subscription/SaaS-based services offering.

“By acquiring Ooyala, Dalet significantly widens the markets it can address in terms of verticals and their respective tiers of complexity,” said David Lasry, Dalet’s chief executive officer.

“A perfect complement to our existing Dalet Galaxy five offering in our traditional markets, the Ooyala Flex Media Platform also opens opportunities for new customers such as corporate brands, telcos, leagues and sports teams, who are looking to simply manage their media assets. The modern metadata management and orchestration capabilities of the Ooyala Flex Media Platform bring what these organisations need to lower TCO, improve agility and reduce time to market.”

“Furthermore, Dalet’s proven products and services will enable Ooyala customers to augment and expand their Ooyala Flex Media Platform. We have a technology path forward supported by expanded, world-class professional services and customer success teams that can provide the know-how and expert guidance on scaling media operations to optimise the value of their Ooyala investment.”