Microsoft Acquires Peer5; Deal Boosts Microsoft Teams Video Streaming vs. Zoom
Microsoft has acquired Peer5, a live video streaming technology company. The deal could bolster Microsoft Teams vs. Zoom, Cisco Webex and other cloud-based video conferencing, collaboration and virtual event software platforms. Financial terms of the deal were not disclosed.
This is technology M&A deal number 500 that ChannelE2E has covered so far in 2021. See all technology M&A deals for 2021 and 2020 listed here.
In a blog about the acquisition, Microsoft Teams and M365 Platform GM Nicole Herskowitz wrote:
“Peer5 offers a WebRTC-based eCDN solution that runs in-browser to optimize bandwidth usage helping mitigate impacts to network and line of business (LOB) applications. Its mesh networks are self-balancing and automatically scale as the number of viewers increase. The technology does not require additional installation on user endpoints or changes to the physical network infrastructure. Additionally, the Peer5 solution will allow Microsoft to provide a first-party offering to help customers streamline purchase process and customer support, improving their enterprise IT management experience.”
Peer5 raised $2.5 million in seed funding back in July 2017. The company has 22 employees listed on LinkedIn.