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March 16, 2012 04:15 am GMT
Brightcove may not have had the sexiest IPO in the recent wave of offerings, but the company's return so far definitely beats Zynga and Groupon's performances since their debuts. After launching its video platform six years ago, Brightcove went public just a few weeks ago on the NASDAQ by raising $55 million. The company's shares have climbed 80 percent since the offering to $19.86, giving the company a market capitalization of $523.8 million.We caught up with chief executive Jeremy Allaire, who is now positioning Brightcove as more than a video services provider. While the company has been known for powering video players for premium brands like The New York Times, Conde Nast and Macy's, Brightcove is trying to find a broader base of customers with a new suite of app development services.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/gEOt7BrJdbI/
Brightcove CEO Jeremy Allaire Makes His First Peep After The IPO Quiet Period Ends
Brightcove may not have had the sexiest IPO in the recent wave of offerings, but the company's return so far definitely beats Zynga and Groupon's performances since their debuts. After launching its video platform six years ago, Brightcove went public just a few weeks ago on the NASDAQ by raising $55 million. The company's shares have climbed 80 percent since the offering to $19.86, giving the company a market capitalization of $523.8 million.We caught up with chief executive Jeremy Allaire, who is now positioning Brightcove as more than a video services provider. While the company has been known for powering video players for premium brands like The New York Times, Conde Nast and Macy's, Brightcove is trying to find a broader base of customers with a new suite of app development services.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/gEOt7BrJdbI/
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