Orlando, Florida – January 10, 2020 – Streamkast today announced that it has acquired privately-held vVENTS.com LLC. Based in Heathrow, Florida, vVENTS integrates the monetization of video livestream and social computing on a platform as a service that allows its clients to sell goods and services in an “Event”. The PaaS solution is developed and hosted in the cloud and provides enterprises, social influencers, and retailers with a tool that uses live and produced video to optimize sales.
Video streaming capabilities and advanced functions are the top priority at Streamkast. With this acquisition we're enhancing our collaboration offerings and improving the user experience by integrating livestream, e-commerce, and social technologies within the business applications we are developing," said Joseph Dellucci, Global Head of Marketing, Streamkast. "Furthermore, the integration with vVENTS will drive additional sales and revenue channels for organizations that adopt our technology.”
Livestream monetization and commerce is one of Streamkast's four company priorities and represents what Streamkast believes to be a total addressable market of over $100 billion. The acquisition will provide more opportunity for Streamkast to offer its technology as a 3rd party API tool along with advancing their development of a P2P CDN and VOD offerings. vVENTS software will be integrated into a variety of Streamkast’s livestream offerings including Lawkast and Medikast, platforms that allow attorneys and doctors to engage with clients and patients in a remote face to face virtual office. For example, users will be able to offer clients the opportunity to have consultations and patients follow up visits in lieu of driving to a unique physical office.
"With this acquisition we are allowing the vVENTS developers and team to further pursue and enhance the codebase and intellectual property we have already developed and successfully launched," said Ernest Jones, Co-Founder and Chief Revenue Officer, vVENTS.com LLC. Streamkast will continue to expand our livestream architecture to change the way businesses work and take products to market."
Upon the close of the acquisition, vVENTS employees and intellectual property will be integrated into Streamkast. Financial terms of the transaction are undisclosed.