Kaltura buys Tvinci to become the Swiss army knife of video platforms

Open-source video platform Kaltura has purchased pay TV service startup Tvinci, the companies announced today. Financial terms of the deal were not disclosed.

Tvinci’s white-label platform offers paid-TV providers with over-the-top (OTT) TV services to deliver linear and on-demand TV content through a variety of devices, such as smartphones, tablets, smart TVs, and set-top boxes. Kaltura said it plans to integrate this technology into its own services, which allow clients to host, publish, manage, monetize, and analyze video content across several different industries.

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The acquisition makes sense for Kaltura, which aims to be a Swiss Army knife of sorts for anything related to video. Also, the company said pay OTT TV services presents a huge opportunity for future revenue growth, with clients estimated to spend over $17 billion on OTT TV services by 2017. Prior to the Tvinci sale, Kaltura was primarily focused on video-on-demand and advertising integration services.

As terms of the sale, Tvinci’s 60 employees will join Kaltura’s Israel-based technology team, while Tvinci founders Ofer Shayo and Ido Wiesenberg will assume new roles within Kaltura’s top management team.

Founded in 2006, New York-based Kaltura closed a $47 million round back in February. The startup has raised $116 million in funding to date.