Yahoo acquires video editing co., Jumpcut
Yahoo has acquired San Francisco start-up Jumpcut, the online video editing company, for an undisclosed amount, we’ve just been told. (See here for more).
It could herald the beginning of consolidation in the video area, which has become filled with similar companies. Jumpcut’s video editing tools are based on Adobe’s “flash” technology. Jumpcut is different because it is a fully-featured video editor, which sits in the browser, and there’s nothing to download. With built-in flash technology, the editor lets you see everything you do immediately: changes in color, sharpening and so on. You can host your videos at the site, and pull in videos from other video editing companies — and of course, share them with all your friends.
Jumpcut raised an undisclosed amount of seed money from Westlake Venture Partners and Great Oaks Capital, and two individual “angel” investors, and was in the process of raising another round of capital when Yahoo came in with an offer.
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About the Author, Matt Marshall
Matt launched VentureBeat in September of 2006, with the realization that no one else was covering the entrepreneurial and tech innovation scene with the velocity or depth that he was. Prior to founding VentureBeat, he covered venture capital for the San Jose Mercury News from 2001 to 2006. In 2002, Matt was awarded "Journalist of the Year" by the Northern California Society of Professional Journalists. Prior to working at the Merc, he was a correspondent for the Wall Street Journal in Bonn, Germany from 1995 to 1998, and a writer for the Washington Post in 1994. Matt holds a PhD in Government and an MA in German and European Studies from Georgetown University. In addition to VentureBeat, Matt is also the Executive Producer of DEMO, the leading launchpad event for emerging technologies.
