Brightcove Inc., a global leader in streaming technology, has announced its acquisition by Bending Spoons, a technology company renowned for its innovative software solutions. The all-cash deal values Brightcove at approximately $233 million, with shareholders set to receive $4.45 per share, a 90% premium over its 60-day average closing price as of November 22, 2024.

Key Highlights of the Acquisition

• Strategic Agreement: The acquisition follows a thorough strategic review by Brightcove’s Board of Directors.
• Significant Shareholder Value: The deal offers a substantial premium, delivering immediate and certain cash value to shareholders.
• Brightcove’s Legacy: With a 20-year history in streaming technology, Brightcove has evolved into a leading video-powered engagement platform.
• Bending Spoons’ Vision: Known for its long-term ownership approach, Bending Spoons aims to build upon Brightcove’s foundation and ensure its sustained success in the streaming technology market.

Executive Insights

• Diane Hessan, Chairman of Brightcove’s Board:
  “This transaction represents the best opportunity to maximize the business’s value and deliver compelling returns to our stockholders.”

• Marc DeBevoise, Brightcove CEO:
  “This agreement enables Brightcove to benefit from Bending Spoons’ expertise, ensuring continued leadership in the streaming and engagement technology market.”

• Luca Ferrari, CEO of Bending Spoons:
  “Brightcove’s reputation and global reach make it an excellent addition to our portfolio. We are committed to supporting its growth and longevity.”

Transaction Details

• The acquisition has been unanimously approved by Brightcove’s Board of Directors.
• The deal is expected to close in the first half of 2025, subject to shareholder and regulatory approvals.
• Once finalized, Brightcove will become a privately held company, and its stock will be delisted from public exchanges.

This acquisition marks a significant milestone for Brightcove, positioning it to leverage Bending Spoons’ expertise while continuing to innovate in the streaming and engagement technology landscape.