Veritone is not providing further details about the acquisition until next Monday, August 20, 2018.The implied multiple of Wazee’s annual revenue (2017) is then 0.8x. Many observers may recognize Veritone as one of the emerging providers of Artificial Intelligence solutions in the media sector. Provider of cloud digital asset management platform. The partnership provided for Wazee to offer its media clients access to Veritone’s AI solutions (this portion of Veritone’s business had revenue of $1.5 million in revenue in 2017).Veritone’s regulatory filings reviews the structure of the deal at a price of $15 million, consisting of 50% Veritone stock and 50% cash. March 31, 2017 | 9:16 am EDT by TVNewsCheck . The combined solution will provide existing Wazee Digital customers such as HBO, Bloomberg, Viacom, and a proven, productized, and enterprise-grade solution to intelligently identify new ways to capitalize the value of their marquee content and ensure that content securely reaches its rightful audiences around the globe.” Added Chad Hamilton, the Vice President, Technology at Veritone and Wazee Digital have been collaborating together as technology partners since 2017, with the first integration of the company’s products completed in April of this year. 4 Interviews. 8 Benefits--Photos. Many observers may recognize Veritone as one of the...NAB Show Main Stage | North Hall | Las Vegas Convention CenterEnter your email address here and we will add you to our mailing list. Wazee Digital, based in Denver, Colorado, had net revenues of over $19 million in 2017. Veritone said it will acquire Wazee for $15 million, with $7.5 million in cash and $7.5 million in Veritone common stock. © 2020 PitchBook Data. Veritone, the world’s only SaaS-based operating system for Artificial Intelligence (AI), will offer the Wazee Digital applications and services into the Media and … Veritone acquired Wazee Digital in August 2018 Veritone acquired Wazee Digital in August 2018. 27 Salaries. Wazee Digital. The most recent round of funding occurred in May 2015 for $2.5 million.© Devoncroft Partners 2009-2018. Is this your company? Duis aute irure
Provider of cloud digital asset management platform. Company Overview Locations. The company's platform offers cloud-based content management, delivuis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.
Overview Overview. San Francisco-based GCA Advisors served as banking advisor to Veritone on this transaction, and Waller Capital … Wazee Digital. Veritone Now Features Complete AI-Driven Digital Asset Management and Monetization Solution for Live and Archived Broadcasts in the Cloud. NAB SHOW 2017 PRODUCTS PREVIEW. 20 Reviews--Jobs. The company's platform offers cloud-based content management, delivery, and monetization services for master-quality video along with rights development, licensing and distribution services, enabling rights holders to monetize and enrich their valuable content while reducing cost and complexity.This information is available in the PitchBook Platform. Senior Director, Advertising & Partnerships Wazee Digital. This information is available in the PitchBook Platform. The consideration to be paid by Veritone in the transaction is $15.0 million, with such consideration being payable $7.5 million in cash and $7.5 million in Veritone common stock. Veritone ® Inc. (NASDAQ: VERI) today announced that it has signed an agreement to acquire Wazee Digital, a leading provider of cloud-native video management and licensing services that e nable rights holders to monetize and enrich their content.
The acquisition is subject to customary closing conditions and is expected to close by the end of August 2018. Veritone, the world’s only SaaS-based operating system for Artificial Intelligence (AI), will offer the Wazee Digital applications and services into the Media and Entertainment as well as Government markets, uniquely providing Veritone customers with the ability to drive expanded revenue opportunities from their existing video, still images and audio assets. Veritone announced the acquisition of Wazee Digital, a provider of video management and licensing services to media and entertainment clients. Veritone acquires Wazee Digital on 2018-08-13 for $15000000. The company's platform offers cloud-based content management, delivery, and monetization services for master-quality video along with rights development, licensing and distribution services, enabling rights holders to monetize and enrich their valuable content while reducing cost and complexity. Veritone has acquired 2 companies and …
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