Add-on Acquisition • Information Technology

VideoVerse Acquires Reely

On April 11, 2023, VideoVerse acquired information technology company Reely

Acquisition Context
  • This is VideoVerse’s 1st transaction in the Information Technology sector.
  • This is VideoVerse’s 1st transaction in the United States.
  • This is VideoVerse’s 1st transaction in Florida.

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M&A Deal Summary

Date April 11, 2023
Target Reely
Sector Information Technology
Buyer(s) VideoVerse
Deal Type Add-on Acquisition

Target Company

Reely

Miami, Florida, United States
Reely is an Esports AI-Powered content creation and social media distribution company that leverages proprietary computer vision technology and artificial intelligence to identify, segment, and rate key events (highlights) in live streaming and stored VOD content. The technology makes it possible for sports teams, content creators, and esports organizations to deliver their best plays to social audiences in real-time while creating new workflows for content production, brand marketing, and monetization. Reely is based in Miami, Florida.
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Buyer Overview 1

Buyer

VideoVerse

Los Angeles, California, United States

Category Company
Sector Internet Software and Services
DESCRIPTION

VideoVerse is a video-editing SaaS platform that has found an extremely strong product-market fit in serving enterprises across numerous industries, such as OTT players, broadcasters, sports clubs and leagues, marketing agencies, e-gaming platforms, and more. VideoVerse is based in Los Angeles, California.


Deal Context for Buyer #
Overall 1 of 1
Sector: Information Technology 1 of 1
Type: Add-on Acquisition 1 of 1
State: Florida 1 of 1
Country: United States 1 of 1
Year: 2023 1 of 1