Robin Wauters is currently staff writer for TechCrunch and lead editor of Virtualization.com. In addition to its activities, professional blogging, he is an entrepreneur, the organizer of the event, from time to time the Council consultant and an angel investor, but most importantly champion full launch. Wauters lives and works in Belgium, a tiny country in Europe. He can often be found from his home or ... ? Read More
Online video platform company Brightcove announced this morning that it has filed a registration statement S-1 form with the SEC in connection with the proposed IPO of its ordinary shares. The company expects to raise up to $ 50 million through the sacrifice.
Brightcove offers cloud-based solutions for publishing and distributing video and other digital media.
Brightcove in income grew from USD 24.5 million for the financial year ended December 31, 2008 to 43.7 million in the fiscal year ended December 31, 2010, shows the filing.
Revenue came to 28.4 million for the six months ended June 30, 2011 year.
The company was not profitable, they reported a net loss in the first half of this year to 9.7 million dollars and Brightcove said that he did not expect to be in the black until the end of 2012.
Company filing said that she had about 3300 customers in more than 50 countries, June 30, 2011, including The New York Times Company Oracle, AOL, Philips Electronics, Macy 's, Bank of America, United States Army and Honda. Currently accounted for approximately 300 employees.
The company has also shown that he signed a new lease for more than 80000 square feet of office space in Boston, Massachusetts. The company says that it expects the move to new Office April 1, 2012 year.
In May 2011, Brightcove announced the release of "the Cloud App, software applications and management platform designed to help users to publish and distribute video across software applications across multiple devices connected to the Internet. The company said it expected its first commercial sale in the second half of 2011.
Brightcove has a list on the NASDAQ Global market under the ticker "BCOV".
Whether this is the right time to file for an IPO, for discussion, of course. Global economic turmoil a bunch of recent IPO candidates simply decided to delay their proposals.
Brightcove offering is made through Morgan Stanley, Stifel Nicolaus, RBC Capital Markets, Pacific Crest securities and Raymond James.
List of company investors include Accel Partners, General Catalyst partners, Allen & Company, Mack and Hearst enterprises, among others.
Also read: Brightcove streaming 700 million videos per month; A broad patent for online video
Brightcove online video platform is the most widely adopted software for publishing and distributing professional video on the Internet. More than 2500 customers in 55 countries, including in the world ...
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