In the acquisition release, Brightcove CEO Jeff Ray said: Ooyala has tremendous global customers who understand the power of video and its ability to transform business and reach new customers. This transaction, which includes immediately growing our highly skilled and committed global workforce, accelerates our ability to deliver faster innovation and deeper support for all customers. We also will increase our market reach and further strengthen our ability to secure new business in key target markets. We look forward to welcoming Ooyala's OVP customers and ensuring a smooth transition and a world-class experience for them. Update: Brightcove says it disclosed the price in its earnings call — approximately $15 million, consisting of $6.25 million in cash and the rest in Brightcove shares. Brightcove Co-Founder Jeremy Allaire Will Step Down As CEO, David Mendels To Take Over