Brightcove Inc. (NASDAQ: BCOV) said it has completed its acquisition of Unicorn Media.
On January 6, 2014, Brightcove announced the signing of its definitive agreement to acquire Unicorn Media for approximately USD49m. The purchase price consists of 2,850,547 shares of Brightcove stock and approximately USD9.1m of cash used to pay transaction and other expenses of Unicorn Media.
Brightcove said it will rebrand the Unicorn Media product line as Brightcove Once and will continue to develop, operate and support the service while also integrating the technology with other Brightcove services.
Brightcove, a leading global provider of cloud services for video, offers a family of products that revolutionize the way organizations deliver video experiences. For more information, visit http://www.brightcove.com.