Ooyala sells Flex media platform business to Dalet

Ooyala today announced a definitive agreement to sell its Flex media platform business to Dalet, a video product provider for broadcasters and media companies. Financial terms for the deal were not disclosed. The asset deal includes Ooyala Flex, a subscription software-as-a-service offering, as well as Ooyala personnel across sales, marketing, engineering, professional services, and support. The acquisition of these assets, personnel, and customers will expand the Dalet solutions to more verticals and tiers beyond its traditional customer base in news and production workflows. Dalet is also hoping to accelerate its strategic move to increase recurring revenue models. “By acquiring Ooyala, Dalet significantly widens the markets it can address in terms of verticals and their respective tiers of complexity. 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 organizations need to lower TCO, improve agility and reduce time to market,” said Dalet CEO David Lasry in a statement.