March 16 (SeeNews) - Swiss specialist in video strategies and technologies Yoveo said it has acquired Romanian startup iRewind for an undisclosed sum.
"The acquisition of iRewind will allow Yoveo to consolidate and further develop a wide range of services in the rapidly growing field of video micro moments, particularly for sport events," it said in a press release.on Wednesday.
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These goals will be achieved by combining iRewind’s advanced video automation software with Yoveo’s pool of technologies and competences, it added.
“Because of the experience of iRewind in the area of video automation, we can add innovative features for our partners and accelerate the process of offering customized and smart video solutions to our customers, such as sponsors and timers, for use at events," co-founder of Yoveo and responsible for product development, Andreas Herren, said.
The iRewind tech department led by CTO and co-founder Mihai Nicolescu will continue to operate out of Bucharest and, together with the Zurich-based tech center, will further develop the iRewind product in many areas, such as highly scalable video bulk processing, automation and computer vision.
“We founded iRewind with the core belief that the video memories we deliver mean future happiness to share. Yoveo has a portfolio of great video products and innovative technologies under development and by combining these with iRewind’s capabilities, we will provide sports participants as well as sponsors, organizers and timing companies with exceptional value," the Romanian startup co-founder and CEO Bogdan Manoiu said.
iRewind was founded in 2013 by three Romanian entrepreneurs and is currently based in Lausanne, Switzerland. Active in 23 countries, iRewind is a software solution that automatically captures, edits and delivers instantly personalized videos to participants in sport events. To date, it has provided the solution to more than 300 events across the globe with over 1 million videos delivered.
Yoveo was founded in 2015 by a team with more than 40 years of combined experience in the video industry. The company develops video products and is acts as partner on content, production and technology topics.