This is an excellent deal for Qlipso and JVP as they managed to almost instantly grow from an early stage starup to a revenue producing business (estimates say 7 figures by the end of 2010) with significant distribution for Qlipso’s 3D interactive platform. Qlipso’s product enables users to simultaneously watch flash-nased contents including video and casual games. The platform can also be used for remote meetings (a-la-Webex and Adobe Connectnow). Several other Israeli startups operate in the same space, inclduing Oovoo, Seetoo and Watchitoo.
In an interview to Techcrunch, Jon Goldman explained the synergies that come out of the merger:
“This is an exotic venture strategy,” he admits, “Qlipso is an early-stage R&D company transforming into an business with scale and audience.” Qlipso gains an instant audience, a better-known brand, and relationships with advertisers. Goldman thinks the deal will help to establish Qlipso faster than he could have done on his own. “I think we have accelerated this by years,” he says. “We have a 5-person sales team in NY, a large audience, it is completely transformational.” If Veoh had gone ahead and shut down the site, he notes, there would have been no deal.
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