Category: Company

Newsflare and Pond5 to Make Available Videos Shot by the Public Via Smartphones to US Advertising Agencies for Commercial Campaigns

LOS ANGELES, CA and NEW YORK CITY, NY / ACCESSWIRE / June 19, 2019 / Newsflare, a leading global provider of User-Generated Video (UGV) for broadcast and digital media licensees worldwide and Pond5, the world’s largest royalty-free video marketplace, have joined to make videos captured by the public via their smartphones available to US advertising agencies for their commercial campaigns.

User-Generated Video are video clips filmed and uploaded by non-professional members of the public, and the impact they are having on news-gathering, entertainment programming and the production of documentaries is completely disruptive. The Newsflare-Pond5 partnership will enable advertising agencies to select from thousands of rights-cleared quality User-Generated Video content to match their campaigns.

Based in London and Los Angeles, Newsflare has played a key role in helping pioneer the development of the user-generated video industry. Launched in 2011, the company has perfected a highly automated marketplace platform which makes it easy for videographers to upload their videos, while providing content buyers around the world the opportunity to select from a growing catalogue of over 150,000 videos.

“Royalty-free user-generated videos have tremendous appeal to advertising agencies and clients. Newsflare has built an unparalleled force of more than 60,000 uploaders, whose news-breaking and lighthearted videos instantly engage viewers, making them ideal as creative elements for advertising campaigns. We look forward to working with agencies and creators of all kinds to help them tell their stories with Newsflare footage,” said Jason Teichman, Chief Executive Officer of Pond5.

“Since the outset we have seen the potential for User-Generated Video to provide a diversity of opportunities for creative agencies as they look to develop successful campaigns for their clients. By teaming with Pond5, we reach a much bigger market with the very best in fully rights cleared User-Generated Video across lifestyle, nature, wildlife, wellness, sports, travel and more,” said Jon Cornwell, President and CEO of Newsflare.

About Newsflare

Headquartered in London with offices in the US and Spain, Newsflare is the media’s pioneering leader in sourcing trusted and compelling eyewitness video. Newsflare’s 60,000-plus members upload viral video and breaking news, bought by broadcast and digital media clients that span more than 50 countries. Under the banner Where the World’s Media Come to Buy Your Video, Newsflare delivers stories from all walks of life that are often too breaking or too remote for traditional media organizations to capture. Visit www.Newsflare.com.

About Pond5

Pond5 is the world’s largest video marketplace, providing the footage, inspiration, and resources today’s content creators need to tell their stories in film, television, advertising, social media, online video, and beyond. With more than 14 million video clips, award-winning tools including patented Visual Search for video, and integrations for all major video-editing software, Pond5 is the go-to video marketplace for filmmakers, media organizations, and marketers worldwide. Driven by its commitment to the creative community, Pond5 proudly provides a platform where creativity can flourish and contributors can make a sustainable living licensing their work to buyers around the world. All contributors licensing their content on Pond5 receive an industry-leading revenue share. Pond5 is a venture-backed company funded by Accel Partners and Stripes Group with offices in New York, Dublin, Prague, London, and LA. Visit https://www.pond5.com.

CONTACT:

For Pond5:

Megan Linebarger

Zazil Media Group

megan@zazilmediagroup.com

(617) 480-3674

For Newsflare:

Steve Syatt

SSA Public Relations

steve@ssapr.com

(818) 222-4000

SOURCE: SSA Public Relations

View source version on accesswire.com:

https://www.accesswire.com/549299/Newsflare-Partners-with-Pond5-to-Create-One-Stop-User-Generated-Video-Resource-for-Content-Creators-Including-US-Advertising-Agencies

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In-memory computing platform Hazelcast announced this week that it has closed a $21.5 million funding round. UK-based investor C5 Capital led the round, with participation from existing investors Bain Capital Ventures, Earlybird Venture Capital and Capital One Growth Ventures.

This latest round of capital will allow Hazelcast to accelerate its product roadmap and support go-to-market efforts as the demand for cloud computing solutions rises.

“Hazelcast enables its customers to establish a System of Now through its platform that scales linearly and delivers the industry’s fastest processing for stored and streaming data, leaving competitive offerings far behind as data sizes and processing loads grow.”

“From the cloud to the internet of things, the macro trends hitting today’s enterprises require a new approach to data processing for meeting the time-sensitive demands of data-centric applications,” said Kelly Herrell, CEO of Hazelcast. “Hazelcast enables its customers to establish a System of Now through its platform that scales linearly and delivers the industry’s fastest processing for stored and streaming data, leaving competitive offerings far behind as data sizes and processing loads grow.”

System of Now architecture is heralded for its ultra-fast processing speed and near real-time capability. Unlike traditional disk-based designs, in-memory computing enables data processing at scale. Hazelcast was founded in 2012 to provide alternatives to databases for use cases such as payment processing and fraud detection where even microseconds count. Its Global 2000 enterprise customers include J.P. Morgan Chase, Charter Communications, Ellie Mae, UBS and National Australia Bank.

C5 Capital Managing Partner Marcos Battisti is now the latest addition to Hazelcast’s board of directors, as part of this funding round.

“Hazelcast is a true leader in a rapidly emerging new market dynamic,” Battisti said. “With an incredibly impressive customer list and its advanced in-memory computing architecture, Hazelcast will continue to gain recognition as the world’s largest organizations evolve their business applications to take advantage of the in-memory computing era.”

RelatedRead More About Cloud Computing

(Reuters) – Slack Technologies Inc, whose instant messaging app has taken workplaces by storm, is scheduled to go public via a direct listing on June 20, instead of the more popular initial public offering route.

Unlike a traditional IPO in which companies sell shares to raise proceeds, a direct listing is a way for existing shareholders to sell stock.

Here are some facts about Slack, which is one of the most high-profile companies left to go public in 2019. Its debut could be a bellwether for other tech listings this year.

E-mail Killer?

Slack is an internet-based platform that allows teams and businesses to communicate with each other. It organizes discussions by topic and group, is similar to instant messaging chatrooms, and allows cooperation on documents and files.

Launched in 2013, Slack has replaced e-mail discussions at many companies, although e-mail is still the dominant medium of communication in workplaces.

Diverse Clients:

The San Francisco-based company, whose customers include Electronic Arts Inc, Nordstrom Inc and Ford Motor Co, said it ended the first quarter with 95,000 paid customers.

Slack had more than 500,000 organizations on its free subscription plan, as of Jan. 31.

As of April 30, Slack had 645 paid customers with over $100,000 in annual recurring revenue, an 84% increase from a year earlier, and these large customers accounted for 43% of its total revenue.

Slack also said it had over 10 million daily active users.

Rising Competition:

Its closest competitor is Microsoft Teams, a free chat add-on for Microsoft Corp’s Office365 users. Other similar platforms include Google Hangouts, Workplace by Facebook and Cisco Systems Inc’s Webex Teams.

The global market for workplace collaboration is expected to hit $3.2 billion by 2021, according to research firm IDC.

Loss Making:

Slack reported an adjusted operating loss of $33.8 million for the quarter, compared with a $20.2 million loss a year earlier.

Slack’s total revenue grew 67% to $134.8 million in the first quarter.

The company expects second-quarter revenue to grow 51% to 53% to a range of $139 million to $141 million, with an adjusted loss of between $77 million and $75 million.

Valuation:

The company was hoping for a valuation of more than $10 billion in the listing, Reuters had previously reported.

Private trading suggests the company could list at a price range of $26-$32, which would imply a market cap of $14 billion-$17 billion, according to funding database PitchBook.

Slack’s last private valuation was $16.1 billion, based on shares sold in private transactions, according to Matthew Kennedy, senior IPO market strategist at Renaissance Capital.

Investors:

Slack’s biggest shareholders include Accel Partners, an investor in Facebook and Dropbox, which holds 24%, followed by Andreessen Horowitz, with 13.3%. Japanese conglomerate SoftBank owns 7.3%.

Fewer Advisers:

The company has hired Goldman Sachs, Morgan Stanley, and Allen & Co to be financial advisers on the direct listing, which requires a fraction of the number of banks compared to an IPO.

Telstra (OTCMKTS:TLSYY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Wednesday, Zacks.com reports.

According to Zacks, “Telstra is Australia’s principal telecommunications company, one of Australia’s largest corporations and one of the best-known brands in the country. Telstra’s fixed telephone network extends across the nation, serving virtually all homes and a substantial majority of Australian businesses. Its mobile networks cover the area in which 91% of Australia’s population lives. “