JW Player – Kuwait Financial Express http://www.kuwaitfinancialexpress.com Wed, 18 Aug 2021 13:00:00 +0000 en-US hourly 1 https://wordpress.org/?v=5.3.2 JW Player Appoints Digital Video Veteran David LaPalomento as Chief Technology Officer http://www.kuwaitfinancialexpress.com/jw-player-appoints-digital-video-veteran-david-lapalomento-as-chief-technology-officer/ Wed, 18 Aug 2021 13:00:00 +0000 http://www.kuwaitfinancialexpress.com/?p=306142 NEW YORK, Aug. 18, 2021 (GLOBE NEWSWIRE) — JW Player, the leading video software and data insights platform, today announced it has appointed David LaPalomento as Chief Technology Officer, effective immediately. The strategic hire will accelerate JW Player's product innovation to meet the needs of a rapidly growing Digital Video Economy, leveraging the recent infusion of $100M in Series E funding from LLR Partners.

"David has proven himself to be a visionary leader in both developing and scaling innovative video delivery products," said Dave Otten, CEO and co–founder of JW Player. "I have no doubt that his expertise will strengthen our position as a leading force for innovation in the digital video industry. With his leadership, we will scale our engineering teams and bring new products to market that further empower customers with independence and control in the Digital Video Economy. We could not be more excited to have him on our team."

During his decade–long tenure at Brightcove, David built a world–class engineering team to modernize its video delivery platform. He led the overhaul of the company's legacy data center–based architecture, replacing it with a scalable, cloud–native architecture and migrating thousands of customers to the new platform. His leadership helped triple revenue, launch new products, and integrate acquisitions to address new market segments. His experience will be invaluable as JW Player rises to meet the explosive growth in demand for digital video since the pandemic began.

"I'm thrilled to start the next chapter of my career with JW Player," said David. "We've reached an inflection point where every company with a digital presence now depends on video to engage its audience and monetize its offering. JW Player has built the most comprehensive platform for success in this digital video ecosystem, with unmatched consumption and contextual data insights, cutting–edge monetization and engagement features, and world–class video experiences on any screen. I look forward to building on this platform to bring new innovations to market."

According to JW Player's data from over 12,000 publishers and broadcasters, video consumption has continued to surge in the wake of the pandemic, up nearly 50% since 2020 and 28.6% since January 2021. The growing demand has made it an imperative for organizations of all stripes, including fitness, e–commerce, sports and e–learning businesses, to develop a robust video strategy to engage their audience on the screen of their choice: web, mobile or connected TV.

JW Player's API–driven video platform empowers hundreds of thousands of customers to independently control and operate their mobile, OTT and web video applications at a global scale. Importantly, JW Player delivers unique data–driven insights that empower customers to more effectively grow, engage, and monetize their audiences. In the last year alone, the company's video streaming grew by nearly 200%, with live streaming increasing by over 400%.

About JW Player
JW Player is the leading video software and data insights platform that gives customers independence and control in today's Digital Video Economy. Started in 2008 as a hugely popular open source video player, JW Player's technology platform now powers digital video for hundreds of thousands of businesses, including half of the comScore top 50 sites in the US, leading broadcasters across EMEA, APAC and Latin America. Each month 1 billion viewers, or one third of all people on the Internet, consume video on JW Player's technology across 2.7 billion devices, creating an unmatched and powerful consumption and contextual data graph that helps customers grow audiences and generate incremental video from digital video. The company is headquartered in New York, with offices in London and Eindhoven, visit http://www.jwplayer.com.

Media Contacts:
Fatimah Nouilati
Scratch Marketing + Media for JW Player
fatimah@scratchmm.com


GLOBENEWSWIRE (Distribution ID 8310824)

]]>
JW Player Raises $100M in Series E To Help Fuel Growth in the Rapidly Expanding Digital Video Economy http://www.kuwaitfinancialexpress.com/jw-player-raises-100m-in-series-e-to-help-fuel-growth-in-the-rapidly-expanding-digital-video-economy/ Thu, 24 Jun 2021 13:00:00 +0000 http://www.kuwaitfinancialexpress.com/?p=306352 NEW YORK, June 24, 2021 (GLOBE NEWSWIRE) — JW Player, the leading video software and data insights platform, today announced it has raised $100M in Series E funding from LLR Partners. The latest investment comes on the heels of record video streaming growth and strong profitability during the previous 12 months. With this financing, JW Player will accelerate product innovation to meet the rapidly changing demands of customers in today's digital video environment, expand its global go–to–market footprint across sales, marketing and channel partnerships and continue to grow and invest in building a world–class team.

The funding round follows JW Player's recent acquisition of VUALTO, a leading provider of live and on–demand video streaming and Digital Rights Management (DRM) solutions, that deepened the company's offering to global broadcasters. In the days following the acquisition, JW Player has seen a material uptick and influx of sales and pipeline, especially in the LATAM and APAC regions.

Started as a hugely–popular open source video player, JW Player's API–driven video platform now empowers hundreds of thousands of customers to independently control and operate their mobile, OTT and Web video applications at global scale. Importantly, JW Player includes unique data–driven services and knowledge so that customers can more effectively grow and engage their audiences and generate more incremental revenue from their video investments. In the last year alone, the company's video streaming grew by nearly 200%, while its live streaming delivery increased by over 400%.

This financing arrives as the consumption of digital video continues its push to the mainstream. Video now comprises over 80% of all traffic on the internet, and according to JW Player data, people are consuming over two hours of digital video each day, a 40% increase since the beginning of 2020. As a result, a digital video strategy has become a "must have' not only for media companies, but also for organizations of all types, including fitness, e–commerce, sports and e–learning businesses, among others. These organizations have a diverse range of needs, require a flexible video platform that allows them to engage with their audiences on the screens of their choice and demand a quantifiable ROI from their video investments. Given these dynamics, the addressable market is on target to grow from $14B today to $50B by 2027, a 20% CAGR.

"Video has entered into a golden age, and we now live in the Digital Video Economy. By combining our easy–to–use video platform technology with our unique consumption and contextual data insights, JW Player has a distinct advantage in helping customers grow their audiences, create world–class video experiences on any screen, and most importantly, generate more revenue," said Dave Otten, CEO and co–founder of JW Player. "As we enter this next phase, we are thrilled to partner with LLR. LLR's team brings decades of unmatched support and expertise in growing industry–changing software companies and will undoubtedly help us accelerate our success as we pursue this massive market opportunity together."

"JW Player has been at the forefront of digital video innovation ever since founder Jeroen Wijering created YouTube's original video player in 2008. Today, the company offers the most comprehensive technology, advertising and data analytics platform in the digital video ecosystem," said David Reuter, Partner at LLR Partners. "We look forward to partnering with the JW Player team as they expand their platform and continue to elevate the way brands can host, stream and monetize video."

About JW Player
JW Player is the leading video software and data insights platform that gives customers independence and control in today's Digital Video Economy. Started in 2008 as a hugely popular open–source video player, JW Player 's technology platform now powers digital video for hundreds of thousands of businesses, including half of the comScore top 50 sites in the US, leading broadcasters across EMEA, APAC and Latin America. Each month 1 billion viewers, or one third of all people on the Internet, consume video on JW Player's technology across 2.7 billion devices, creating an unmatched and powerful consumption and contextual data graph that helps customers grow audiences and generate incremental video from digital video. The company is headquartered in New York, with offices in London and Eindhoven, visit http://www.jwplayer.com.

About LLR Partners
LLR Partners is a middle market private equity firm investing in technology and healthcare businesses. We collaborate with our portfolio companies to identify and execute on key growth initiatives and help create long–term value. Founded in 1999 and with more than $5 billion raised across six funds, LLR is a flexible provider of equity capital for growth, recapitalizations and buyouts. Learn more at https://www.llrpartners.com/.

Media Contacts:
Fatimah Nouilati
Scratch Marketing + Media for JW Player
fatimah@scratchmm.com

Kristy DelMuto
LLR Partners
kdelmuto@llrpartners.com


GLOBENEWSWIRE (Distribution ID 8259836)

]]>
JW Player Acquires VUALTO to Strengthen Its Comprehensive Video Platform for Success in the Digital Video Economy http://www.kuwaitfinancialexpress.com/jw-player-acquires-vualto-to-strengthen-its-comprehensive-video-platform-for-success-in-the-digital-video-economy/ Thu, 06 May 2021 10:00:00 +0000 http://www.kuwaitfinancialexpress.com/?p=305791 NEW YORK and PLYMOUTH, United Kingdom and AMSTERDAM, The Netherlands, May 06, 2021 (GLOBE NEWSWIRE) — JW Player, the leading video software and data insights platform, today announced it is acquiring VUALTO, a leading provider of live and on–demand video streaming and Digital Rights Management (DRM) solutions. The acquisition deepens JW Player's already robust offering to global broadcasters and further accelerates its vision to empower customers with independence and control in today's Digital Video Economy by offering easy–to–use, scalable video technology.

This acquisition arrives as the consumption of digital video continues its push to the mainstream. Video now comprises over 80% of all traffic on the internet, and according to JW Player data, people are consuming over two hours of digital video each day, a 40% increase since the beginning of 2020. As a result, a digital video strategy has become a "must have' not only for broadcasters and media companies, but also for organizations of all types, including for JW Player customers in fitness (Centr app), e–commerce (Tag Heuer), sports (Miami Heat) and e–learning (GoNoodle), among others. These new entrants have a diverse range of needs and require a scalable and flexible video platform that allows them to connect and engage with their audiences on the screens of their choice. Given these dynamics, the addressable market will grow from $14B today to $50B by 2027, a 20% CAGR.

"Over the past two years, digital video has become ubiquitous. We now live in the Digital Video Economy, and as a platform company that empowers our customers with independence and control, JW Player is uniquely positioned to succeed in this environment," said Dave Otten, CEO and co–founder of JW Player. "Joining forces with VUALTO further solidifies our position. Their world–class technology stack expands our platform to include broadcast–level live streaming and content protection services, which are critical for today's customers. We could not be more excited about this partnership and look forward to innovating together with the highly–talented VUALTO team."

JW Player's platform combines highly–scalable video delivery with data insights from 2.7 billion unique monthly devices to help its customers achieve their business goals with video. VUALTO complements JW Player's offering with market–leading, high–end live streaming and DRM services for broadcasters. The combined result is a single platform for high–quality live and on–demand video delivery across mobile, web and OTT platforms; secure content delivery; and unique insights, intelligence and monetization features to help customers grow their revenue.

Camilla Young, CEO and co–founder, VUALTO, said, "This is a huge growth opportunity for us as a business, as well as for our team. Our successful partnership with JW Player over the past year has given our teams the opportunity to successfully go–to–market under real–world circumstances. Through this, a natural culture match between our teams has already developed, which gives us incredible confidence that together we will be hugely successful. As we embark on this new chapter, our commitment to our existing broadcast customers and our DRM service remains, and we will continue to provide the same high level of support and service that our customers have come to expect from VUALTO."

VUALTO will expand JW Player's customer base with prominent customers in the European market and elsewhere, including ITV, the UK's most popular commercial TV channel, French national public broadcaster France TV, and the European Parliament. These broadcasters join over 12,000 media companies already using the JW Player platform, including broadcasters such as FOX, BBC, CNBC, EuroSport and VICE.

About JW Player
JW Player is the leading video software and data insights platform that gives customers independence and control in today's Digital Video Economy. Started in 2008 as a hugely popular open source video player, JW Player 's technology platform now powers digital video for hundreds of thousands of businesses, including half of the comScore top 50 sites in the US, leading broadcasters across EMEA, APAC and Latin America. Each month 1 billion viewers, or one third of all people on the Internet, consume video on JW Player's technology across 2.7 billion devices, creating an unmatched and powerful consumption and contextual data graph that helps customers grow audiences and generate incremental video from digital video. The company is headquartered in New York, with offices in London and Eindhoven, visit http://www.jwplayer.com.

About VUALTO
VUALTO are experts in cloud–based OTT Video Delivery & Orchestration, developing streaming solutions on a global scale. With three products, the VUALTO CONTROL HUB (VCH) video orchestration tool, CLIP2VU live & VOD video clipping & syndication tool, and VUDRM Digital Rights Management, VUALTO deliver an adaptable, scalable & intelligent video delivery solution, taking your content from camera, right through to your chosen users, on multi devices. Working globally, VUALTO develops video solutions for a host of industries to include: Broadcasters, Sports, Governments, Media & Entertainment, OTT Service Providers and Telecoms & Operators. To learn more, please visit www.VUALTO.com.

Contact: videosuccess@VUALTO.com

JW Player Media Contact:
Fatimah Nouilati
Scratch Marketing + Media for JW Player
fatimah@scratchmm.com

VUALTO Media Contact:
Amber Chawner
Whiteoaks International – PR for VUALTO
amberc@whiteoaks.co.uk


GLOBENEWSWIRE (Distribution ID 8230801)

]]>
JW Player Acquires VUALTO to Strengthen Its Comprehensive Video Platform for Success in the Digital Video Economy http://www.kuwaitfinancialexpress.com/jw-player-acquires-vualto-to-strengthen-its-comprehensive-video-platform-for-success-in-the-digital-video-economy/ Thu, 06 May 2021 10:00:00 +0000 http://www.kuwaitfinancialexpress.com/?p=305790 NEW YORK and PLYMOUTH, United Kingdom and AMSTERDAM, The Netherlands, May 06, 2021 (GLOBE NEWSWIRE) — JW Player, the leading video software and data insights platform, today announced it is acquiring VUALTO, a leading provider of live and on–demand video streaming and Digital Rights Management (DRM) solutions. The acquisition deepens JW Player's already robust offering to global broadcasters and further accelerates its vision to empower customers with independence and control in today's Digital Video Economy by offering easy–to–use, scalable video technology.

This acquisition arrives as the consumption of digital video continues its push to the mainstream. Video now comprises over 80% of all traffic on the internet, and according to JW Player data, people are consuming over two hours of digital video each day, a 40% increase since the beginning of 2020. As a result, a digital video strategy has become a "must have' not only for broadcasters and media companies, but also for organizations of all types, including for JW Player customers in fitness (Centr app), e–commerce (Tag Heuer), sports (Miami Heat) and e–learning (GoNoodle), among others. These new entrants have a diverse range of needs and require a scalable and flexible video platform that allows them to connect and engage with their audiences on the screens of their choice. Given these dynamics, the addressable market will grow from $14B today to $50B by 2027, a 20% CAGR.

"Over the past two years, digital video has become ubiquitous. We now live in the Digital Video Economy, and as a platform company that empowers our customers with independence and control, JW Player is uniquely positioned to succeed in this environment," said Dave Otten, CEO and co–founder of JW Player. "Joining forces with VUALTO further solidifies our position. Their world–class technology stack expands our platform to include broadcast–level live streaming and content protection services, which are critical for today's customers. We could not be more excited about this partnership and look forward to innovating together with the highly–talented VUALTO team."

JW Player's platform combines highly–scalable video delivery with data insights from 2.7 billion unique monthly devices to help its customers achieve their business goals with video. VUALTO complements JW Player's offering with market–leading, high–end live streaming and DRM services for broadcasters. The combined result is a single platform for high–quality live and on–demand video delivery across mobile, web and OTT platforms; secure content delivery; and unique insights, intelligence and monetization features to help customers grow their revenue.

Camilla Young, CEO and co–founder, VUALTO, said, "This is a huge growth opportunity for us as a business, as well as for our team. Our successful partnership with JW Player over the past year has given our teams the opportunity to successfully go–to–market under real–world circumstances. Through this, a natural culture match between our teams has already developed, which gives us incredible confidence that together we will be hugely successful. As we embark on this new chapter, our commitment to our existing broadcast customers and our DRM service remains, and we will continue to provide the same high level of support and service that our customers have come to expect from VUALTO."

VUALTO will expand JW Player's customer base with prominent customers in the European market and elsewhere, including ITV, the UK's most popular commercial TV channel, French national public broadcaster France TV, and the European Parliament. These broadcasters join over 12,000 media companies already using the JW Player platform, including broadcasters such as FOX, BBC, CNBC, EuroSport and VICE.

About JW Player
JW Player is the leading video software and data insights platform that gives customers independence and control in today's Digital Video Economy. Started in 2008 as a hugely popular open source video player, JW Player 's technology platform now powers digital video for hundreds of thousands of businesses, including half of the comScore top 50 sites in the US, leading broadcasters across EMEA, APAC and Latin America. Each month 1 billion viewers, or one third of all people on the Internet, consume video on JW Player's technology across 2.7 billion devices, creating an unmatched and powerful consumption and contextual data graph that helps customers grow audiences and generate incremental video from digital video. The company is headquartered in New York, with offices in London and Eindhoven, visit http://www.jwplayer.com.

About VUALTO
VUALTO are experts in cloud–based OTT Video Delivery & Orchestration, developing streaming solutions on a global scale. With three products, the VUALTO CONTROL HUB (VCH) video orchestration tool, CLIP2VU live & VOD video clipping & syndication tool, and VUDRM Digital Rights Management, VUALTO deliver an adaptable, scalable & intelligent video delivery solution, taking your content from camera, right through to your chosen users, on multi devices. Working globally, VUALTO develops video solutions for a host of industries to include: Broadcasters, Sports, Governments, Media & Entertainment, OTT Service Providers and Telecoms & Operators. To learn more, please visit www.VUALTO.com.

Contact: videosuccess@VUALTO.com

JW Player Media Contact:
Fatimah Nouilati
Scratch Marketing + Media for JW Player
fatimah@scratchmm.com

VUALTO Media Contact:
Amber Chawner
Whiteoaks International – PR for VUALTO
amberc@whiteoaks.co.uk


GLOBENEWSWIRE (Distribution ID 8230801)

]]>