Unified communications specialist Polycom (NASDAQ:PLCM) today said it had acquired enterprise-class online video platform Accordent Technologies for $50 million in cash.
The deal is the second such acquisition of an OVP by a player in the UC space this year. VBrick purchased OVP Fliqz Media last month.
Polycom said the deal will allow it to integrate its open standards, UC Intelligent Core and UC endpoints with Accordent's open standards video content management solution. The Accordent solution provides capture solutions for all major video use cases, whether delivering highly scalable live webcasts from the studio, providing automated rich media webcasting from the meeting or classroom, adding a streaming extension to video conferences or enabling user-generated content from the desktop.
Accordent grew to $9 million in revenues in 2010 and has over 1,200 customers in the enterprise and public sector, and through select service providers. Polycom said Accordent's 50 employees will remain in Southern California and will report into Polycom's UC research and development organization.
Market research firm Wainhouse Research said the deal expands Polycom's total available market by $500 million. For this video management segment, the market is projected to generate a compounded annual growth rate of 32 percent through 2014 to $1.2 billion.
"Polycom is committed to delivering an innovative, flexible and world-class video communications solution to customers over the entire content life cycle--from real-time to capture, to management, to delivery," said Sudhakar Ramakrishna, Polycom Chief Development Officer. "We believe Accordent has the most elegant video content management solution on the market and by leveraging customer, channel, partner and product synergies with Polycom, this transaction positions Polycom at the forefront of end-to-end video and content management. We welcome Accordent's customers and employees to the Polycom team."
Polycom yesterday announced it would team with Motorola Mobility (NYSE:MMI) to deliver telepresence for Motorola's Xoom tablet.
For more:
- see this release
Related articles:
Accordent - Top Online Video Company 2009
Accordent Adds Third-Party Network Delivery to Award-Winning Media