Veodia acquires Screentoaster to expand its business video technology
Veodia, which helps businesses share high-defintion video, announced today that it has acquired screen-recording startup Screentoaster.
The acquisition makes a lot of sense for Veodia, as a way to make it stand apart from competition like Google Video for Business. Chief executive Guillaume Cohen says his customers were already using Veodia to share screen-recorded videos (such as product demos and tutorials) that they recorded using another application. With the Screentoaster acquisition, they can record and share the content all through one service. The San Mateo, Calif. company isn’t releasing the details of how much it will cost Veodia customers to add Screentoaster, but Cohen says it will be incorporated as one of many optional pay features in the company’s platform.
Screentoaster, a French company based in Paris, launched in December of last year, and Cohen says it has been seeing average user growth of 40 percent every month. It raised more than $600,000 in angel funding.
As for Veodia, Cohen says the startup has struggled like everyone else since the downturn, but still has plenty of money from its $8.3 million first round. It’s also developing a consumer-focused product called ScreenJelly. (The name implies that it either incorporates or complements ScreenToaster.)
Veodia isn’t disclosing the terms of the acquisition.
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About the Author, Anthony Ha
Anthony is VentureBeat's assistant editor, as well as its reporter on enterprise technology, cloud computing, and tech policy. Before joining VentureBeat in 2008, Anthony worked at the Hollister Free Lance, where he won awards from the California Newspaper Publishers Association for breaking news coverage and writing. He attended Stanford University and now lives in San Francisco. Reach him at anthony@venturebeat.com. You can also follow Anthony on Twitter.