IBM has announced it has acquired the video streaming service Ustream.
Fortune (via TechCrunch) reported the sale at $130 million, but IBM didn't confirm that price with its official announcement. UStream is said to be rolled into a new cloud video service, composed of three other recent IBM acquisitions: ClearLeap, Cleversafe, and Aspera. Braxton Jarratt from CleverLeap will run the new unit.
The acquisitions were a long time coming, as Jarrett says there was "a well thought out plan to incorporate video into a [cohesive] cloud unit." The move is part of a larger effort to modernize IBM by focusing on technologies like cloud storage, security, and analytics.
Ustream is known in the gaming world as one of Sony's partners for streaming on PlayStation 4, along with Twitch and the recently added YouTube. To that end the Ustream site's gaming section is PlayStation branded.
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