Alphabet Acquires Startup Video Streaming Company Anvato

 | Jul 07, 2016 10:01PM ET

Alphabet Inc. (NASDAQ:GOOGL) on Thursday announced that it has acquired Anvato, an eight year old video-processing company and supplier of over-the-top video. The details of the deal are yet to be disclosed.

Anvato will merge with Google’s cloud division. The company currently offers its video software platform to a number of media and entertainment companies such as Univision and Fox Sports, NBCUniversal, Cox Media, CBS Local Media, Telemundo encode and Bravo.

This software enables automatic encoding, editing, publishing and distribution of video content across different platforms.

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