BoxCast Inc, a live streaming platform, announces it has completed acquisition of Stream Monkey, a Florida-based streaming solution.
“The acquisition allows BoxCast to continue its steady growth in the live streaming space, having recently received a $20 million Series A investment. Stream Monkey customers benefit from an improved streaming experience and access to BoxCast’s advanced platform, which includes 1080 transcoding, closed captioning, a mobile streaming app, monetization, API integration and more,” according to the announcement.
The companies see themselves as a natural fit, stating both serve organizations with cutting-edge technology and stellar customer support. Stream Monkey Founder and CEO Chris Gerrish says, “We knew that streaming companies would start to combine together in order to make a dent in the market. With BoxCast, we already shared the same customer base and were doing similar things. We knew it would be an easy transition for our Stream Monkey employees and customers — and that we could be a part of something special.”
"We’re thrilled to welcome the Stream Monkey team and customers to the BoxCast experience,” says Gordon Daily. “We’re growing quickly, and one of the ways we’re doing so is by acquiring companies in the space we admire. Stream Monkey’s team fits that to a T — they understand the marketplace and industry very well, and bring so much value to our organization. We believe that together we can move faster and serve a broader set of customers better than we could apart.”
For more information regarding BoxCast’s acquisition of Stream Monkey, visit https://www.boxcast.com/welcome-stream-monkey.
