Brightcove

#8124

Rank

$202.1M

Marketcap

United States

Country

Leadership team

Mr. Robert Noreck (Exec. VP, CFO & Principal Accounting Officer)

Mr. David Plotkin (Chief Legal Officer)

Mr. Jeff Ray (Advisor to Chief Exec. Officer)

Products/ Services

Advertising, Cloud Computing, Digital Media, Enterprise Software, Video

Number of Employees

500 - 1000

Headquarters

Boston, Massachusetts, United States

Established

2004

Company Registration

SEC CIK number: 0001313275

Revenue

100M - 500M

Traded as

BCOV

Social Media

URL

https://www.brightcove.com

Overview

Location

Recognition and Award

References

Summary

Brightcove Inc. provides cloud-based services for video. Its flagship product includes Video Cloud, an online video platform that enables its customers to publish and distribute video to Internet-connected devices. The company also offers Brightcove Live, a solution for live streaming; Brightcove Beacon, an application that enables companies to launch over-the-top video experiences on multiple monetization models; Brightcove Player, a video player technology with a cloud-based service for creating and managing experiences; and Zencoder, a cloud-based video encoding technology. In addition, it provides video solutions, such as Brightcove CorpTV, an application that enables marketing videos, product announcements, training programs, and other live and on-demand content; Video Marketing Suite, a suite of video technologies to drive awareness, engagement, and conversion; Enterprise Video Suite, an enterprise-class platform for internal communications, employee training, live streaming, marketing, and e-commerce videos; and Virtual Events Experience, a platform to create customized, live, and virtual experiences. The company serves media, broadcasters, publishers, sports and entertainment companies, fashion, faith-based institutions, retail and e-commerce platforms, and hi-tech organizations, governments, educational institutions, and hospitality brands. It also sells its products in the America, Europe, Asia Pacific, Japan, and the Middle East. Brightcove Inc. was incorporated in 2004 and is headquartered in Boston, Massachusetts.

History

Brightcove was founded in 2004 by Jeremy Allaire, who served as Executive Chairman until April 2016, and Bob Mason. The company was named after a harbor where the founder liked to kayak named Bright Cove Harbor in Cape Cod, Massachusetts.In March 2006, Brightcove acquired Seattle-based Metastories, makers of StoryMaker, a publishing tool for video, audio, images, and text. In May of that year, it established a distribution partnership with TiVo and a content delivery partnership with Limelight Networks.

Coinciding with a series of deals with UK media companies, Brightcove opened an office in London in July 2007.

In November 2009, Brightcove was named as one of the top two U.S. video platform vendors.In April 2010, it was reported that Brightcove raised $12 million in fourth-round funding, nearing a total of $100 million, but still barely breaking even with the projected $50 million in annual revenue.In August 2010, Brightcove announced a content delivery partnership with Akamai Technologies. Along with Akamai Technologies, its other partnerships include the ones with Sitecore, Cleeng, FreeWheel, YuMe, Conviva, Oracle, DoubleClick, and other organizations.

As a public company

Brightcove went public in February 2012 with their stock priced at $11 per share. The price of the stock during the summer of 2017 was $7 per share, with the stock down 38 percent in the past year.In July 2017, the company announced that CEO David Mendels agreed to step down as of July 31, 2017. Andrew Feinberg, previously Brightcove's president and chief operating officer was named acting CEO until April 2018 when Jeff Ray was appointed as the new CEO.

Internet TV partnerships

In December 2005 Brightcove partnered with Reuters to create a program to syndicate customized news video players.In 2006, Brightcove completed Internet TV partnership deals with a number of large media companies including The New York Times Company , Discovery Communications , and Sony BMG among others.

In 2007, Brightcove capitalized on a trend of magazine and newspaper publishers expanding into online video by signing deals with print media companies including Time Inc., TV Guide, and Washingtonpost.Newsweek Interactive.

Since then, a number of television and cable media companies have begun to use Brightcove as an alternate, non-exclusive distribution channel for their video content.

Mission

Brightcove Inc. (NASDAQ: BCOV) is a leading global provider of powerful cloud solutions for delivering and monetizing video across every connected device. The company offers a suite of products and services that reduce the complexity and increase the profitability of publishing, distributing, measuring and monetizing multi-screen video. Brightcove has more than 5,500 customers in over 70 countries that rely on the company’s cloud solutions to successfully publish high-quality video experiences to audiences everywhere.

Vision

We enable our customers to realize the full potential of digital experiences, with the most powerful and secure cloud video streaming platform in the world.

Key Team

Mr. Marc DeBevoise (CEO & Director)

Ms. Trisha Stiles (Chief People Officer)

Ms. Debra A. Richards (Exec. VP of Global Customer Success)

Sara Griggs (VP of Corp. Communications)

Mr. Billy O'Riordan (Sr. VP of International Sales)

Ms. Jennifer Smith (Chief Marketing Officer)

Mr. David Beck (Chief Strategy & Corp. Devel. Officer)

Recognition and Awards

Brightcove won 1 award in 2016. In 2016, Brightcove won for Top 5% Rated Team. Based on 802 ratings and 47 participants, employees at Brightcove are less satisfied with their work experience. The overall culture score, 61/100 or D, incorporates employee ratings based on their feedback on the Overall Culture, Environment, Diversity and more.