With work from home the new norm, the need for reliable video conferencing apps rose dramatically last year. Many established and new players such as Zoom, Google, Facebook and others entered the video conferencing domain. While online meetings were taken care of, organisations also need a way to host their physical events online. Helping organisations in this aspect is the startup Hopin, which offers an all-in-one live virtual events platform. The company has now acquired StreamYard, a live video streaming studio.
Adding new features
Hopin acquired StreamYard for a notable €203.82M, which will be paid for in cash and stock. With this acquisition, Hopin will enable its clients to produce “professional-quality” video streaming experiences. It will also eventually integrate StreamYard’s tech into its platform; however, for now, StreamYard will continue to also offer its live streaming studio tools to independent content creators.