Vuclip Acquires Assets of Mobile Video Streaming Company Jigsee
MILPITAS, CA, Feb 14, 2013 (MARKETWIRE via COMTEX) --
Vuclip, the world's largest independent mobile video and media
company, today announced that it has acquired the core assets of
Jigsee, a mobile video streaming company, for an undisclosed sum.
Vuclip's vision is to provide mobile video for consumers worldwide,
regardless of device type or network quality, and by extension,
deliver value to strategic business partners such as content
providers, advertisers and carriers. To further this vision, these
core assets will bring to Vuclip considerable mobile app development
talent, as well as additional proprietary video streaming
Consumers will now benefit from more ways to discover and experience
mobile video content. Vuclip plans to offer new apps to complement
its browser strategy, particularly in India, the Middle East and
South East Asia.
"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
"It is inspiring to see Vuclip deliver on its 'All Things Video'
strategy so aggressively and quickly," said Jeff Karras, Managing
Director, SingTel Innov8. "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.
For millions of people around the world, Vuclip is an essential part
of their daily lives. Vuclip serves video on-the-fly, on any device,
and in any country, providing unparalleled reach for its partners.
Every day Vuclip delivers more than 25 million videos to consumers
all over the world. Vuclip is headquartered in Milpitas, California
with offices in New Delhi, Mumbai, Singapore, Dubai, Shenzhen and
Beijing. Check out Vuclip on your phone: m.vuclip.com.
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