Kaltura Acquires Video Collaboration Startup Newrow

New York-headquartered video creation and distribution company Kaltura Inc. has acquired New Jersey-based video collaboration startup Newrow_Inc., the former announced Wednesday. Financial details of the acquisition were not disclosed.

Founded in 2006 by Israeli entrepreneurs Ron Yekutiel and Michal Tsur, Kaltura develops and markets a video creation, management, and distribution service. The company’s list of clients includes Warner Bros. Entertainment Inc., HBO, and Intel. Kaltura employs approximately 500 people in several global offices including a research and development outpost in Tel Aviv, and has raised more than $165 million to date from investors including Goldman Sachs, Intel Capital, and Nokia, according to Pitchbook data.

Newrow was founded in 2007 by Israeli businessman Rony Zarom, an Israeli serial entrepreneur who previously founded Exalink Ltd., acquired by Comverse Technology Inc. in 2000 for around $480 million. The company offers an online service that enables corporations and educational institutions to develop and share online videos, webinars, and classes. The company lists Walmart, HP Inc. and Yale University as customers.