Accordent Technologies
Accordent specializes in providing online communications solutions specifically addressing the needs of enterprises and their stakeholders.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor | €0.0 | round | |
$50.0m Valuation: $50.0m | Acquisition | ||
| Total Funding | 000k | ||
Founded in 1999, Accordent Technologies, Inc. carved a niche in the digital media landscape by developing solutions for creating, managing, and distributing online communications and multimedia presentations. The company specialized in software that synchronized streaming video with PowerPoint slides, a pioneering capability at the time. Before its acquisition, the firm served over 1,500 clients, including a notable roster of 150 Fortune 500 companies, over 450 educational institutions, and 125 public-sector organizations. Its client base featured prominent names such as Oracle, JPMorgan Chase, Ford, Harvard, and the National Institutes of Health. In March 2011, Polycom acquired Accordent Technologies for approximately $50 million in cash, integrating Accordent's video content management technology with its own unified communications platform.
Accordent's business model revolved around providing enterprise video management solutions. The company offered a suite of products designed to handle the entire lifecycle of video content, from creation and capture to management, distribution, and measurement. This enabled organizations to use video for a wide range of applications like corporate communications, distance learning, and marketing. The firm's offerings were targeted at corporations, universities, and government agencies that needed to effectively leverage video for training, informing, and engaging their audiences online.
The company's core product was the Accordent Media Management System, an enterprise video platform that allowed users to manage and secure multimedia presentations and other video assets. This system could ingest content from various sources and manage it regardless of format. Key features included the ability to search within streaming content and detailed reporting on viewership. Other products in their lineup included PresenterPRO, PresenterPlus, Engage, and the Capture Station, which facilitated the creation of rich media content. A significant selling point was the platform's integration capabilities, particularly with Microsoft products like SharePoint, allowing clients to manage video content within familiar workflows.
Keywords: enterprise video management, streaming media, multimedia presentation software, video content management, lecture capture, corporate communications, distance learning, digital media solutions, rich media creation, online communication, Polycom acquisition, video asset management, SharePoint integration, media management system, video streaming software, online training solutions, government video solutions, education video platform, corporate video platform, video analytics