Israel-based streaming video service start-up RayV has been picked up by Yahoo, the tech giant announced on Friday.
“The RayV team shares our passion for innovation and commitment to build a video infrastructure to deliver the ultimate video experience to our users,” said P.P.S. Narayan, VP of Cloud Platforms and Services in a statement. “RayV has built a compelling technology that enables improved high quality streaming for online and mobile content partners.
“Yahoo is focused on growing video users and monthly streams, and while we’re only getting started, we’re very focused on this in 2014. This deal demonstrates our dedication to accelerating our video strategy and boosting our underlying technology infrastructure in the space.”
RayV founders Omer Luzzatti, Co-Founder and CTO and Ofer Shem-Tov, Co-Founder and Chief Architect, along with other staff, will be joining the Yahoo team at the R&D center in Tel Aviv.