Browne Jacobson advises Dalet on acquisition of Flex Media Platform business from Ooyala
Browne Jacobson has advised French based Dalet Digital Media Systems (Dalet), a provider of Media Asset Management (MAM) solutions, software and services for broadcasters and digital content providers, on its acquisition of Ooyala’s Flex Media Platform business.
The acquisition is valued at up to $5.5m which is being partly funded through existing cash reserves and the issuing of consideration shares. The final transaction value is also linked to future commercial performance.
The acquisition will see Dalet acquire the media logistics platform as well as the majority of Ooyala personnel across sales, marketing, software development, professional services and customer support.
Established in 2007, US based Ooyala is a leading developer of video content workflow management systems. Its market leading Flex Media Platform helps creators and distributors, including media, entertainment and sports companies, to integrate their existing systems into one platform to better manage workflows, publish, analyse and monetise their video content. Clients include, amongst others, Fox Sports Australia, HBO Asia and Sky Sports.
Headquartered in France, Dalet Digital Media Systems was founded in 1990 and provides solutions to enable broadcasters and media professionals to create, manage, and distribute content for traditional and new media channels, including interactive TV, the Web, and mobile networks. Clients include the BBC, Canal+, FOX, Warner Bros. and Time Warner Cable.
The Browne Jacobson team was led by corporate partner Richard Cox and corporate associate Victoria Hustler, and comprised Sian Harrison (Corporate), Selina Hinchliffe and Kulpreet Virdi (IP), Pavanjeet Kaur Marwaha and Dan Insole (Property) and Helen Taylor and Harry Taylor (Employment).
“We worked with the BrowneJacobson team on a successful acquisition previously and had full confidence in collaborating once again on the Ooyala Flex Media business transaction,” comments David Lasry, CEO, Dalet. “They are a dedicated and extremely hard-working team that delivers outstanding legal advice across a wide-range of topics. Richard and his colleagues look for pragmatic solutions to complex issues and are adept at driving deliverables to the finish line on time. It is a real pleasure to work with the BrowneJacobson team.”
Richard Cox added:
“We are delighted to have been instructed by Dalet on their strategic acquisition of this state-of-the-art platform.”
Other advisers to Dalet included King and Spalding LLP – France (legal), RSM (accounting and tax) and SOJE Capital LLC, who sourced and advised Dalet on the acquisition. Latham & Watkins (legal) advised Ooyala.
You may be interested in...
Press Release
Browne Jacobson advises Bluprintx on its acquisition of Definitive Results
Press Release
Browne Jacobson advises The Production Factory on its strategic acquisition of Big Sky Studios
Press Release
Browne Jacobson advises skills and training provider B2W Group on acquisition of ECTA Training
Legal Update
Veganism and manufacturing: M&A trends
Press Release
Browne Jacobson advise B2W Group on BePro Development acquisition
Published Article
PureHealth acquisition of Circle Health reflects growing opportunities between UK and Middle East
Press Release
Browne Jacobson advise NorthEdge backed ICP on acquisition of Team 6ix
Press Release
Browne Jacobson advise Edit Agency on it’s acquisition of CustomerKIND
Press Release
Browne Jacobson advises NTT DATA on its acquisition of Sapphire
Press Release
Browne Jacobson advises on the acquisition of Dynamic Networks
Press Release
Browne Jacobson advises Thermatic Technical FM on PDS Drainage Solutions acquisition
Legal Update
Banking Transaction Updates - July 2023
Press Release
Browne Jacobson advise Rcapital on acquisition of specialist lift business Temple Lifts from Hitachi, Limited
Press Release
Browne Jacobson named ‘Law Firm of the Year’ as it picks up a record four awards at East Midlands Dealmakers
Press Release
Browne Jacobson advise on strategic sale of cybersecurity firm Nowcomm
On-Demand
NSIA: the thorn in the side of M&A?
Press Release
Browne Jacobson advise High Peak Borough Council on future high street funded acquisition as part of Buxton regeneration vision
Press Release
Browne Jacobson dealmakers announce completion of over 130 deals worth billions in value in 2022 and eye up healthy pipeline for 2023
Press Release
Browne Jacobson’s banking & finance team describe 2022 as a “game of two halves” after completing over £2 billion worth of transactions
Legal Update
Banking Transaction Updates - January 2023
Press Release - #BeingBrowneJacobson
From associate to partner in an investment lifecycle - Ryan's story
Legal Update
ESG in deals and investments
Press Release
Browne Jacobson corporate tech lawyers advise Agilico on significant acquisition of managed print services specialist
Browne Jacobson’s corporate technology dealmakers have advised Agilico, a workplace technology business, on its acquisition of Capital Document Solutions Limited for an undisclosed amount.
Press Release
Browne Jacobson advise environmental giant Suez on its £2bn international acquisition of former waste management business
Browne Jacobson’s lawyers have advised Suez SA and its shareholders on its acquisition of its former UK waste management business – Suez R&R UK - from French headquartered business Veolia for an enterprise value of £2 billion.
Press Release
Browne Jacobson advise CTS Group on acquisition of In Situ testing specialists
Press Release
North West dealmakers advise OakNorth on loan to digital marketing apprenticeship provider business
Legal Update
Deal activity and market update in health and social care sector
In the last nine months of 2021 we saw a huge amount of activity across all sub-sectors of health and social care.
Press Release
Corporate dealmakers advise on key acquisition of Leeds based fertility health clinic
On-Demand
Care Business Briefing - Deal activity dynamics in the healthcare sector
Join Browne Jacobson and Virgin Money for an on-demand webinar as they discussed their thoughts on the outlook for acquisition activity and funding in the health and care sectors.
Press Release
Browne Jacobson’s North West dealmakers advise the management team on the acquisition of Edit by The Salocin Group and NVM Private Equity
Press Release
Browne Jacobson advise Apiary Capital backed cross-border buyout of e-learning software specialist XVR
Press Release
Browne Jacobson dealmakers advise on CET Infrastructure’s Palatine backed acquisition of CGL
On-Demand
Care business briefing acquisitions and funding
Browne Jacobson, Clydesdale Bank/Virgin Money and Hazelwoods Healthcare specialists discuss their thoughts on the outlook for acquisition activity and funding in the health and care sectors.Press Release
CDS Group acquires Complete Detection Systems
Browne Jacobson has advised CDS Group Holdings on the acquisition of Complete Detection Systems Limited for an undisclosed consideration.
Press Release
Browne Jacobson advises LivingLens on $26million buy-out: acquisition demonstrates continued strength of North West tech sector
Press Release
Browne Jacobson advises C7 Health on £1.5m acquisition of TAC Healthcare Group
Press Release
Browne Jacobson rises up Experian’s dealmaker rankings
Browne Jacobson has enhanced its reputation as one of the country’s leading M&A advisers according to the latest rankings data from Experian.
Press Release
Browne Jacobson lead advisor on YHA acquisition of two Northern hostel businesses
Press Release
Browne Jacobson advises Dalet on acquisition of Flex Media Platform business from Ooyala
Press Release
Brexit concerns fail to dampen appetite for deals as Browne Jacobson completes Graitec’s acquisition of Opentree
Browne Jacobson has advised international specialist software developer Graitec on its acquisition of document management solutions company Opentree Ltd.