IBM acquires Clearleap
Acquisition to advance Big Blue’s cloud video services
IT giant IBM is continuing its cloud acquisition spree and has revealed that it has purchased cloud-based video service provider Clearleap, marking the sixth planned cloud-based company acquisition by Big Blue in the past six months.
Clearleap owns a video platform optimised for massive scalability used by leading media and entertainment companies - including HBO, Verizon and the NFL - that will be integrated into the IBM Cloud platform. The combined technologies will provide enterprises with a fast, easy way to manage, monetise and grow user video experiences, and deliver them securely over mobile devices and the web, according to IBM.
Financial details of the purchase were not disclosed.
The combination of Clearleap with IBM's analytics and hybrid cloud capabilities will deliver new video solutions that will fundamentally change communications across every industry, said Steven Canepa, general manager of IBM's Global Media & Entertainment Industry division, in a statement.
Clearleap's video services will be offered through IBM Cloud data centers around the world providing clients global 24x7 service and technical support for rapid problem identification and resolution capabilities. In addition, IBM said clients will have the ability to securely share data and content across geographies and across hybrid clouds. IBM will offer the Clearleap APIs on IBM Bluemix in 2016 to enable clients to build new video offerings quickly and easily.
"With consumer demand for video growing exponentially, the business of creating compelling and personalised video experiences is booming. This makes the acquisition by IBM, a global leader in technology, a perfect fit," said Braxton Jarratt, CEO of Clearleap. "As a part of IBM, we can extend the capabilities and global reach of the Clearleap innovations to grow and scale like never before."
IBM has been on a cloud-based acquisition splurge of late, snatching up companies for its cloud initiative.
In November, IBM revealed plans to purchase cloud-based software developer Gravitant Inc, whose platform CloudMatrix allows companies to adopt a multi-sourced cloud operating model by making it simpler to create, manage and order a multi-cloud IT environment from a single console. Also in November, the company bought Cleversafe, a developer of object-based storage software and applications.
In October, IBM unveiled its plans to acquire The Weather Co.'s B2B, mobile and cloud-based Web properties. The purchase would bring together IBM's cognitive and analytics platform and The Weather Co.'s cloud data platform, which handles 26 billion inquiries to its cloud-based services each day, according to a release.