Telefónica Digital acquires video platform TokBox
Telefónica Digital today announced its acquisition of TokBox, the video communications platform. The acquisition of TokBox, based in San Francisco, builds on Telefónica Digital’s capabilities that will now extend beyond voice and messaging to live video. TokBox’s OpenTok Video Platform enables live video-based communications services through the addition of video calling into websites and mobile applications.
Telefónica will leverage TokBox’s Platform to enhance the communication services it offers business and consumer customers, adding cross-platform Web-based video communications to its existing voice and messaging capabilities. Telefónica and TokBox will work to incorporate video APIs into the BlueVia platform, creating a unified video, voice and text API service with global reach.
TokBox launched the OpenTok Video Platform in November 2010 with companies such as American Idol, Ford and Diet Coke having used its technology. It has also delivered significant technology innovation, being the first to add video chat to any iOS application and pioneering WebRTC-based video solutions. WebRTC is critical to the future growth of web-based video communications, allowing for video calling to simply and easily be conducted via a web browser without the need to install plug-ins.
Ian Small will remain as CEO of TokBox and Carlos Domingo, Director of Product Development & Innovation at Telefónica Digital, will join the TokBox Board of Directors and become President of the company. The acquisition was led by Telefónica Digital’s Silicon Valley-based venture investment team.
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