Qlipso acquires the assets of Internet Television company Veoh

Qlipso, a social feature-rich multi-party content-sharing platform with 3D avatars, webcam and voice, today announced its purchase of substantially all of the assets of Veoh, an Internet Television company delivering broadcast-quality video programming. The purchase enables Qlips0’s unique synchronized media sharing and socially-interactive environment to tap into Veoh’s library of more than one million videos, TV shows, online games and other interactive content, as well as Veoh’s tens of millions of active monthly users. Qlipso is backed by Jerusalem Venture Partners, an Israeli venture-capital fund.

“By bringing together features of both Qlipso and Veoh, we are taking the best of social, multiplayer online gaming and applying that to mainstream digital content, such as videos and music, for a mainstream audience,” said Jon Goldman, CEO of Qlipso. “This provides not only a terrific user experience, but also a vastly improved target audience for advertisers.”

As part of the transaction, key former Veoh executives will help shape the new vision of Qlipso.

Aprox. Value:  Undisclosed
Acquirer:  Qlipso
ACQ Web:  http://www.qlipso.com 
Location:  Israel, Jerusalum
Region:  Middle East & Africa, Europe
Description:  Qlipso allows users to share any type of Flash-based media live and synchronized with friends in a secure online social setting. Personalization options include avatar creation and webcam support, thereby enabling users to interact with each other while viewing the media simultaneously. As a business partner, Qlipso integrates with web sites to allow their audience to invite friends to share content, as well as to open up new revenue streams, like virtual item sales.
Category:  Technology, Media
Contact 1:  Jon Goldman, CEO and founder
Contact 2:  Ishay Pnuelli, Chief Technology Officer  and founder
Contact 3:  Erel Margalit, Jerusalem Venture Partners founder and managing partner 
Vendor:  Veoh
Vendor Web:  http://www.veoh.com
Location:  USA, Los Angeles, CA
Region:  North America
Description:  Veoh is an Internet Television company that delivers broadcast-quality video programming via the Internet. Veoh has more than 100,000 content publishers – from CBS, Viacom’s MTV Networks, ABC, Warner Bros. Television Group, ESPN and Lions Gate to thousands of independent filmmakers and content producers – and attracts over 28 million unique users per month worldwide.
Category: Television

About Jerusalem Venture Partners: A venture-capital fund based in Israel. The Fund operates from Jerusalem and manages more than USD$800 million. JVP focuses on building market leaders in the fields of digital media technology, including gaming and virtual worlds, mobile media, software and hardware applications and Internet advertising.

FDN Database Reference:  F231109-381

Contact us at pkelly@fusioncorp.co.uk or visit the Fusion Corporate Partners website

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