Wowza Announces Acquisition of Flowplayer
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Expands Wowza’s European presence and accelerates innovation through continued investment in integrated live and video-on-demand (VOD) platform
DENVER and STOCKHOLM, Sweden, Sept. 07, 2022 (GLOBE NEWSWIRE) — wowzathe leading live and video-on-demand (VOD) platform that powers more than 6,000 customers worldwide, today announced the acquisition Feed Reader, a Swedish video player specialist. The acquisition was completed in partnership with Clearhaven Partners (“Clearhaven”), a US-based private equity firm focused on software and technology, following its Investment 2021 in Wowza. Financial terms were not disclosed.
The acquisition comes amid a period of significant growth and product development for Wowza. Since Wowza video launch as of April 2022, more than 1,000 customers have trusted the integrated live and video-on-demand (VOD) platform to power video applications for their millions of end viewers. By acquiring Flowplayer, Wowza adds enhanced player features, a lightweight code base and rich plugin library, and expands its global team.
“Wowza simplifies the complexities of video for organizations at any scale with solutions designed for reliability, performance and scalability,” said David Stubenvoll, CEO and co-founder of Wowza. “Integration with Flowplayer to add key functionality, such as monetization and ad insertion, reinforces our brand promise to be the solution customers start with and the partner they grow with.”
Wowza has been a pioneer in video streaming for over 15 years, starting with the initial launch of Wowza Streaming Engine, which now has over 35,000 implementations. Today, Wowza Video is the leading cloud-based video platform that offers a customizable, easy-to-start solution for live and VOD workflows. This allows customers to use full API and SDK support to power extensible solutions, which leverage Wowza’s SOC 2 Type 2 compliance and digital rights management (DRM) integrations.
“Video on demand and live streaming are core parts of our business – Wowza provides solutions that work,” said Dominik Schreiner, Live Streaming Manager at FomF GmbH (Forum für medizinische Fortbildung), the one of Europe’s leading providers of online medical services. education. “Component vendors lack the reliability and scalability we need to deliver successful large-scale customer events. Wowza continues to demonstrate its commitment to innovation and customer growth and has become our company’s trusted video partner.
Flowplayer was launched as one of the first web-based video players. Today, its ultra-light, fast-loading reader has become an essential tool for improving website search rankings. Its extensible architecture aligns with Wowza’s customization capabilities, allowing Flowplayer to seamlessly integrate with Wowza Video and Wowza Streaming Engine. Wowza’s acquisition of Flowplayer also paves the way for new features and capabilities, such as expanded analytics and improved player configurability.
“We were early adopters of Wowza’s backend technologies and have long respected Wowza as a market leader in the evolution of the video streaming ecosystem. We are very excited to accelerate product development to tackle real customer challenges together, pushing the boundaries of what is possible,” said Henrik Lovén, CEO of Flowplayer. “Our customers will benefit from even more engaging features, faster innovation and better support.”
Growing demand for video across all industries validates Wowza’s integrated platform and partnership strategy. This alignment, combined with the success of Wowza’s customers, has resulted in over 50% annual growth in ARR (Annual Recurring Revenue) over the past two years. Wowza customers include NASA, SONY, Facebook, Jewelry TV, University of Oregon and thousands more. With the acquisition, Wowza welcomes L’OREAL, Ringier Axel Springer, Amedia, among many other Flowplayer customers.
“As software investors, we believe in the power of video. Our investment in Wowza was based on this premise combined with Wowza’s highly differentiated approach to video,” commented Michelle Noon, President of Wowza and Co-Founder and Managing Partner of Clearhaven. “We are thrilled to support Wowza’s continued commitment to partnership and innovation through Wowza Video and the acquisition of Flowplayer.”
With the acquisition of Flowplayer, Wowza expands its international presence by adding offices in Stockholm and Helsinki, while retaining its existing locations in Berlin and Lakewood, Colorado (global headquarters).
To learn more about Wowza, visit Wowza.com. For more information on Flowplayer, visit Flowplayer.com. To learn more about Clearhaven Partners, visit ClearhavenPartners.com.
Wowza is the experienced and trusted partner for reliable and scalable video solutions. For over 15 years, Wowza has powered over 35,000 video implementations worldwide across a range of end markets including media, enterprise, government, aerospace, healthcare and more. Wowza’s video on demand and live streaming solutions solve the most challenging aspects of video for its customers, ensuring reliable and secure experiences that businesses can trust from a SOC 2 compliant provider. For more information on how Wowza can serve as the solution you start with and the partner you grow with, visit wowza.com.
A complete solution designed for the changing global digital video economy. Flowplayer’s next-generation video solution helps global brands improve experiences and enrich engagement. Provide better ROI than any other online video platform. Flowplayer has everything you need for a successful video strategy.
Founded in 2004, Flowplayer is one of the most deployed video players on the web. The next-generation video player and platform solution serves some of today’s most successful media houses, broadcasters, publishers, event owners and OTT platforms. The ultra-lightweight player solution offers over 36 different plugins, including React, VUE, float-on-scroll, precise image search, and many more, while the platform offers sophisticated tools for help you manage, publish and make any live or on-demand video lens at any scale. More information at flowplayer.com.
About Clearhaven Partners LP
Clearhaven Partners is a Boston-based private equity firm focused exclusively on investing in software and technology companies. Clearhaven was founded by a team of investor-operators to partner with growing, differentiated software and technology companies with at least $20 million in recurring revenue. Clearhaven brings more than 50 years of collective software investing and operating experience to its portfolio companies through its partnership approach and value creation playbook, which combines actionable insights with tools and guidance. practices to help businesses scale profitably. Visit us at clearhavenpartners.com.
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