Following on the heels of Cisco and Google, IVT is launching its own version of “YouTube for the enterprise.” Google launched its “video for business” application just a couple of weeks ago, while Cisco hit the market in June with “Enterprise TV.”
IVT will challenge those players as well as start-ups Veodia and Brightcove with a portal-like media center that can aggregate not just videos but all rich media, such as recorded WebEx meetings, iTunes podcasts, Cisco video conferences, webcasts, and Polycom conference calls.
IVT PrimeTime is a portal that corporations can use to manage content within their organization. Employees can upload video for corporate training into the portal and search for videos and other media within it. Users can set up channels for specialized content and access controls to determine who can view it.
IVT is based in Los Angeles and Palo Alto, Calif. Its clients include Cisco, AT&T, IBM, E&Y, Oracle, NEC, Rohm & Haas and EDS. It provides them with rich media video communication and webcasting software. Now it is adding PrimeTime to cash in on corporate video sharing. The company says it will make it as easy to share videos in a business context as can be done on consumer video sites such as YouTube. Rohm & Haas said it has been using IVT PrimeTime for months now and has archived hundreds of hours of video.
The company says it can easily transcode video from any format into Adobe’s Flash format for universal viewing. Each component of IVT’s product is installed as a web-based platform. For users, it has a PrimeTime Studio tool that makes it easy to stage webcasts and upload video.
The company has 20 employees and was founded in 2005. In 2007, it raised a $3 million first round from Monitor Ventures and Tudor Investments. IVT is thinking about raising a new round. It sounds like a “me-too” company. But the company says that founder Greg Pulier has been involved in developing content creation tools and online video applications for years. He foresaw the need to make a unified platform for all sorts of rich media, not just video.
Veodia

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