Find top talent in the Boston area on VentureFizz's Job Board... post a job
Brightcove goes public
Brightcove in Cambridge, MA started trading as a public company on the Nasdaq under the symbol BCOV. The company's initial public offering of five million shares prices at $11 a share.
Brightcove Inc, the cloud content services company, provides a family of
products used to publish and distribute the world's professional
digital media. The company's products include Brightcove Video Cloud,
the market-leading online video platform, and Brightcove App Cloud, the
pioneering content app platform. Together, more than 3,000 customers in
50 countries rely on Brightcove's cloud content services to build and
operate exceptional media experiences across PCs, smartphones, tablets
and connected TVs.
Brightcove had revenues of $63.6M in 2011 with a net loss of $17.8M. The stock closed at $14.30 on the first day of trading, up 30%.