We are thrilled to announce that Peer5 has been acquired by Microsoft.
It has been quite a journey and I’m extremely proud of our team and what we’ve accomplished. Guy, Shachar and I started the company in 2012 with a vision to decentralize the web and video streaming with WebRTC. Since then we have scaled and grown steadily - we powered large live events (some with as many as 2 million concurrent users) and our product has been used over the years by more than 1 billion users.
In the last few years we realized that our mesh networks are extremely valuable for enterprises who face last mile bandwidth issues within their corporate network. When many employees stream at the same time, the network gets congested. This can happen during an all-hands meeting, a large training session or when everybody opens a link to a video that was just sent over email. Our technology solves this problem in the most efficient way possible, without changing the existing network infrastructure.
Microsoft is also aware of the last mile network problem and has been suggesting that companies proactively leverage an Enterprise Content Delivery Network (eCDN). Recently, the demand for Teams Live Events has grown dramatically and with it the need for a more seamless solution. “At Microsoft, we’ve learned that Microsoft Teams is the primary communication platform for many of our customers, and they’ve asked us for more integrated eCDN solutions for large-scale meetings and virtual events,” said Nicole Herskowitz, General Manager of Microsoft Teams.
The beauty of WebRTC is that no installation is required. It is also advantageous from a privacy and security perspective as it runs in-browser. Peer5 is integrated together with the video player so it is enabled instantaneously for every employee within an enterprise. We push the envelope even further by adding logic and mechanisms that adjust to any device and any network without requiring any custom setup from the customer side.
We want to thank our employees for their dedication, hard work, and innovation. Special thanks to Shahar, Elbar, Julian and Amir. Thank you to our loyal customers and partners for supporting us every step of the way -- we look forward to growing our relationship during this next phase. And thanks to our investors for trusting in our vision and ability to execute.
We’re excited to partner with Microsoft and enable our eCDN solution for their many enterprise customers with a single mouse-click. We’re eagerly looking forward to enabling live streaming for many more organizations around the world!
For more information, you can read the Microsoft blog post here.