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Brightcove, a cloud platform that helps businesses manage and monetize video content, is being taken private by Italian technology company Bending Spoons, in a deal valued at $233 million.
Founded in 2004, Brightcove develops tools and services for creating, hosting, streaming, marketing, and monetizing video content, with clients including Marriott Hotels, Ford, and Johnson & Johnson.
Bending Spoons, for its part, is a Baillie Gifford-backed mobile app development company that has become known for various notable acquisitions in recent years. This includes Evernote, which it bought in 2022 before laying off 129 of its employees; and WeTransfer, which it bought back in July shortly before sacking 75% of its 350 workforce. Elsewhere, Bending Spoons bought popular video app Filmic in 2022, before laying off the entirety of the staff a year later, and shortly after closing its acquisition of community-building platform Meetup in January this year, Bending Spoons’ CEO Luca Ferrari significantly reducing the size of the US-based team. it was “significantly reducing” Meetup’s U.S. headcount.
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Paul is a senior writer based in London, focused largely (but not exclusively) on the world of UK and European startups. He also writes about other subjects that he’s passionate about, such as the business of open source software. Prior to joining TechCrunch in June 2022, Paul had gained more than a decade’s experience covering consumer and enterprise technologies for The Next Web (now owned by the Financial Times) and VentureBeat. Pitches on: paul.sawers [at] techcrunch.com Secure/anon tip-offs via Signal: PSTC.08 See me on Bluesky: @jambo.bsky.social
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