Canadian mobile video streaming company Jigsee has been snapped up by another mobile media streaming company and rolled into a new portfolio of digital media and mobility service offerings.
U.S. based Vuclip has acquired the core assets of Jigsee, for an as yet undisclosed amount. The assets are seen as including considerable mobile app development talent, as well as proprietary video streaming technologies.
From its development centre in Ottawa, Jigsee says it has developed and tested adaptive video streaming technology that can be used to deliver continuous video streams to portable media devices like cell phones, using low-bandwidth and data rates as low as 50 Kbps.
That means video streaming to even basic phones can be achieved, and mobile TV services can be more broadly delivered in emerging markets like India, where Jigsee has already launched its platform.
“Jigsee saw the same huge opportunity that we did. Consumers in emerging markets are more often than not using low-cost smartphones, such as the Asha Series from Nokia or Android devices from Samsung, on constrained networks. This is a huge audience for the mobile ecosystem to reach — but requires creative problem-solving to ensure a quality user experience,” said Nickhil Jakatdar, CEO of Vuclip. “Vuclip tackles this problem with unique technology innovation on the browser side, while Jigsee approached it primarily with an application-based approach. The combination of these two will now deliver optimal value to consumers — on both feature phones and low-cost smartphones — as well as business partners in a way that no one else has done before and will accelerate our reach into new markets.”
Vuclip enables online video search, discover, playback and share activities on Internet-enabled device. The company has offices in Milpitas CA, Delhi, Singapore, Beijing, Shenzhen and Dubai
"It is inspiring to see Vuclip deliver on its 'All Things Video' strategy so aggressively and quickly," said SingTel Innov8 MD Jeff Karras. "With more than 45 million monthly unique users, a viable monetization strategy and strong leadership, Vuclip is positioned to capitalize on the massive growth in mobile video."
SingTel Innov8 is one of Vuclip's investors.
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