DENVER and STOCKHOLM, Sweden, Sept. 7, 2022 (GLOBE NEWSWIRE) — wowzathe leading live and video-on-demand (VOD) platform, serving more than 6,000 customers worldwide, today announced the acquisition flow player, a Sweden-based video player specialist. The acquisition was made in partnership with Clearhaven Partners (“Clearhaven”), a US-based private equity firm focused on software and technology 2021 Investment in Wowza. Financial terms were not disclosed.
The acquisition comes at a time of significant growth and product development for Wowza. Since Launch Wowza Video in April 2022, more than 1,000 customers trusted the integrated live and video-on-demand (VOD) platform to power video applications for their millions of end viewers. With the acquisition of Flowplayer, Wowza adds advanced player capabilities, a lightweight code base and rich plugin library, and expands its global team.
“Wowza simplifies the complexities of video for businesses of all sizes with solutions designed for reliability, performance and extensibility,” said David Stubenvoll, CEO and co-founder of Wowza. “The integration with Flowplayer to add key functionality like monetization and ad insertion reinforces our brand promise of being the solution customers start with and the partner they scale with.”
Wowza has been a pioneer in streaming video for more than 15 years, starting with the initial introduction of the Wowza Streaming Engine, which has now seen more than 35,000 implementations. Today, Wowza Video is the pre-eminent cloud-based video platform that offers an easy-to-launch, customizable solution for live and VOD workflows. This allows customers to leverage full API and SDK support to operate extensible solutions backed by Wowza’s SOC 2 Type 2 compliance and Digital Rights Management (DRM) integrations.
“Video-on-demand and live streaming are a mission-critical part of our business – Wowza delivers solutions that just work,” said Dominik Schreiner, Head…
