Yahoo acquired video streaming startup RayV to improve online video technology. So far the terms of deal weren’t disclosed. Both companies confirmed about the acquisition.
RayV launched in 2005 that develops software to stream HD videos online and through mobile devices.
P.P.S Narayan, VP of Cloud Platforms and Services for Yahoo says “I’m thrilled to announce that we have acquired RayV, a company with an exciting approach to online video streaming in the rapidly evolving mobile space. “At Yahoo, we are focused on building a video offering that delivers best-in-class quality and content, and can be streamed on-demand and live, on all platforms,” “The RayV team shares our passion for innovation and commitment to build a video infrastructure to deliver the ultimate video experience to our users.”
RayV announced through their website “We are excited to announce we are joining Yahoo’s Cloud Platforms and Services Team! Our RayV adventure now comes to a pivot, and we couldn’t be more excited. We believe Yahoo will be a perfect fit for our people and capabilities, as Video and Mobile offerings are a central part of Yahoo’s vision.”