Just over 12 months ago, Zencoder waved goodbye to Minnesota to join the ranks of the Silivon Valley startup scene. Today, Minnesota native Jon Dahl announced that his venture has been acquired by Brightcove, a public company based in Cambridge, MA.
Zencoder, a cloud-based video and audio encoding software as a service (SaaS), got its start in early 2010 when partners Jon Dahl, Brandon Arbini, and Steve Heffernan flew out to Mountain View to participate in the Y Combinator program. They later raised a $2m round, led by some of the tech industry’s top angel investors such as Chris Sacca, Dave McClure, and Ron Conway.
Brightcove (NASDAQ: BCOV) is a global provider of cloud content services and provides a family of products used to publish and distribute the professional digital media. Jeremy Allaire, the CEO of Brightcove, is also a Minnesota-native. He founded Allaire Corporation which sold to Macromedia in March of 2001 and later went on to found Brightcove, now a 300+ person company. This is Brightcove’s first post-IPO acquisition.