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.
“The Zencoder team is excited to partner with Brightcove,” said Jon Dahl, Co-founder and CEO of Zencoder. “Our founding mission was to build the best suite of media processing services in the cloud, with a focus on powerful, API-based tools for developers. Brightcove shares this vision, and by joining forces, we will be able to accelerate our growth.”
Zencoder will keep its office, employees, and product based in its San Francisco office, and become the west coast engineering arm of Brightcove.
Purchase price and terms were not made public.
Read more information in the official press release.
Full disclosure: Mike Bollinger is an investor in Zencoder.