Vuclip, one of the world’s largest independent mobile video and media companies, today announced that it has acquired the core assets of Jigsee, a mobile video streaming company, for an undisclosed sum. Vuclip’s vision is to provide mobile video for consumers worldwide, regardless of device type or network quality, and by extension, deliver value to strategic business partners such as content providers, advertisers and carriers. To further this vision, the company believes that these core assets will bring to Vuclip considerable mobile app development talent, as well as additional proprietary video streaming technologies.
“Jigsee saw the same huge opportunity that we did. Consumers in emerging markets are more often than not using low-cost smartphones, such as the Asha Series from Nokia or Android devices from Samsung, on constrained networks. This is a huge audience for the mobile ecosystem to reach — but requires creative problem-solving to ensure a quality user experience,” said Nickhil Jakatdar, CEO of Vuclip. “Vuclip tackles this problem with unique technology innovation on the browser side, while Jigsee approached it primarily with an application-based approach. The combination of these two will now deliver optimal value to consumers — on both feature phones and low-cost smartphones — as well as business partners in a way that no one else has done before and will accelerate our reach into new markets.”
“It is inspiring to see Vuclip deliver on its ‘All Things Video’ strategy so aggressively and quickly,” said Jeff Karras, Managing Director, SingTel Innov8. “With more than 45 million monthly unique users, a viable monetization strategy and strong leadership, Vuclip is positioned to capitalize on the massive growth in mobile video.” SingTel Innov8 is one of Vuclip’s investors.