Brightcove Forms Japanese Subsidiary

May 23, 2008

Brightcove Inc., the Internet TV platform, announced the formation of a majority-owned Japanese subsidiary, Brightcove KK. The new subsidiary is backed by $4.9 million in new investment from Brightcove Inc. and four Japanese strategic partners: Dentsu, Inc., J-Stream, Inc., transcosmos, Inc. (transcosmos), and Cyber Communications, Inc. (CCI). Headquartered in Tokyo, Japan, Brightcove KK will operate a localized version of Brightcove’s Internet TV platform. Japanese media companies and marketers will gain access to software as a service (SaaS) solution available for online video players, distribution, and advertising.