Tag Archives: Telstra

Telstra acquires Ooyala


As part of its efforts to continue to control distribution, systems and platforms in the digital age, Telstra, Australia’s largest telecommunications company, has invested US$270 million to increase its stake in Ooyala, a leading Silicon Valley-based startup that provides cloud-based video platform services. The funding is on top of Telstra’s $61 million investment in Ooyala over the past two years and has increased Telstra’s stake in the company to a majority of 98% from 23%. Under the deal, Ooyala will operate independently under the leadership of its present executive and management teams and all employees will be retained. It will also continue to serve its existing clients like Univision, Comedy Central, NBC Universal, Telstra, ESPN, Telegraph Media Group, and Telefonica, among others.

So why is Telstra so interested in Ooyala? Analysts are predicting that Telstra wants to transition from being a traditional telecommunications enterprise to a global technology company. Telstra already owns 50% of video on-demand operator Foxtel and has expanded into digital media, file sharing and e-health. With Ooyala, Telstra will gain a substantial foothold in the thriving personalised cloud TV and video technology market and now has the expertise to compete with Google’s YouTube, Brightcove, and other emerging players.

Top 20 Asia & Pacific Deals for January 2014

Deal No. Amount Paid (USD) Company Investor/Buyer Sector Deal Type
1 $13,410,000 1Form.com REA Group Transactions Acquisition
2 Undisclosed Collaborate.com Cisco Mobile & Apps Acquisition
3 Undisclosed Anittel BigAir Software & Services Acquisition
4 Undisclosed Little Eye Labs Facebook Mobile & Apps Acquisition
5 Undisclosed PRM Cloud Solutions Minerals Corporation (MSC) Software & Services Acquisition
6 Undisclosed SpeedySparrow Spiral Hosting Software & Services Acquisition
7 Undisclosed CN Group Viatek Software & Services Acquisition
8 Undisclosed ATPNet FaktorTel Hardware & Infrastructure Acquisition
9 Undisclosed O2 Networks Telstra Software & Services Acquisition
10 Undisclosed mig33 Latin Gold Media Acquisition
11 $195,000,000 China South City Holdings Tencent Transactions Investment
12 $100,000,000 Didi Citic, Tencent Mobile & Apps Investment
13 $80,000,000 LineKong Consortium Games Investment
14 $30,000,000 SiteMinder Technology Crossover Ventures Transactions Investment
15 $16,500,000 QFPay Undisclosed Transactions Investment
16 $15,000,000 FirstCry.com Consortium Ecommerce Investment
17 $12,000,000 Dianrong.com Northern Light Venture Capital Transactions Investment
18 $10,400,000 CommonFloor Accel Partners, Tiger Global Management Transactions Investment
19 $5,400,000 RedMart Consortium Ecommerce Investment
20 $3,000,000 mobME Undisclosed Mobile & Apps Investment

More information

  1. From pantry to penthouse for 1Form duo (The Australian)
  2. Cisco buys mobile collaboration company (ARN)
  3. BigAir’s Anittel acquisition cements new reseller arrangement (ARN)
  4. Facebook Acquires Little Eye Labs (FinSMEs)
  5. Acquisition will fuel PRM’s growth and global expansion (IT Wire)
  6. Spiral Hosting Acquires Australian Web Host SpeedySparrow (WHIR Hosting Cloud)
  7. IT reseller, Viatek, acquires CN Group (ARN)
  8. UPDATED: FaktorTel buys ATPNet customers (ARN)
  9. Telstra acquires enterprise network and security integrator (Telecoms.com)
  10. mig33 to be acquired by Latin Gold; heading for reverse IPO (e27)
  11. Tencent Invests $195M In Logistics Firm China South City To Compete With Alibaba (TechCrunch)
  12. Chinese Taxi App Didi Secured $100 million in Series C Funding (TechNode)
  13. Mobile Game Developer LineKong Rakes in $80 Million of Series C Funding (Technode)
  14. SiteMinder Raises US$30M in Funding (FinSMEs)
  15. Square-like Chinese startup QFPay swipes $16.5 million in series B funding (Tech in Asia)
  16. FirstCry.com Raises $15M in Series C Funding (FinSMEs)
  17. Dianrong.com Raises $12M in Funding (FinSMEs)
  18. CommonFloor Raises $10.4M in Series D Funding (FinSMEs)
  19. Singapore Online Grocer RedMart Raises $5.4M From Investors Including Facebook Co-founder (TechCrunch)
  20. MobME Postpones IPO Plans; Raises Angel Funding (Medianama)