Online video encoding and content management firm Anystream has acquired another small vendor in its sector: it has bought out online video syndication service Voxant. Financial details were not disclosed. Both of the companies are based in Virginia, and share two venture investors SoftBank Capital and Court Square Ventures, which probably helped in the deal.
Voxant is an online video syndication provider, tying up with mainstream and long-tail content providers (AP, AFP, CBS (NYSE: CBS) News and others) and syndicating it to its network of third-party websites. It received a $10.5 million round back in 2006, from SoftBank, Court Square, and Longworth Venture Partners.
Anystream, founded eight years ago, has clients such as Scripps Networks (NYSE: SNI), AccuWeather, Reuters, MLB.com and SPEED. Last year it appointed former top AOL (NYSE: TWX) executive and Softbank partner Fred Singer as its CEO. Softbank and SCP Partners have invested more than $44 million into Anystream since 2000. More details on the deal in this Multichannel story.