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IBM Bets on Video Streaming with $130 Million Ustream Buy

2016-01-21 18:47:36| Electronics - Topix.net

In a bid to expand its portfolio of cloud-based computing services, International Business Machines Corp. has acquired Ustream Inc., a seller of video streaming services, in a deal valued at $130 million. Ustream adds to IBM's growing portfolio of video services and gives the company a stronger position in a market that could be worth $105 billion by 2019 as businesses increasingly use video as way of reaching customers, according to Steve Canepa, the general manager of telecommunications media and entertainment at IBM.

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