VUCLIP acquires assets of Jigsee, mobile video streaming company
Mobile video and media company, Vuclip has acquired the core assets of Jigsee, a mobile video streaming company, for an undisclosed sum. Vuclip wants to provide mobile video for consumers worldwide, regardless of device type or network quality, and by extension, deliver value to strategic business partners such as content providers, advertisers and carriers. To further this, Jigsee’s core assets will bring to Vuclip considerable mobile app development talent, as well as additional proprietary video streaming technologies.
Vuclip plans to offer new apps to complement its browser strategy, particularly in India, the Middle East and South East Asia.
Vuclip raised $13million in Series D funding led by SingTel Innov8, and existing investors NEA and Jafco Ventures.Vuclip makes it easy to share clips across 5,500 different handset models and up to 80% file compression. The company counts Associated Press and UTV among its clients.
Headquartered in Ottawa, Jigsee raised Series A from IAN in 2011. Jigsee’s technology delivers continuous video streams in low-bandwidth environments (with data rates as low as 50 Kbps). Combined with the company’s Smart Client technology – which makes video streaming possible on phones with basic features, Jigsee has overcome hurdles which have prevented the uptake of mobile TV services in most emerging markets.