Microsoft is acquiring Editing championThe two companies announced on Tuesday that this is a start-up company headquartered in Brisbane, Australia, that provides a video creation and editing platform.
The terms of the transaction were not disclosed, but Chris Pratley, vice president of Microsoft Office Media Group, said, Wrote in a blog post He “bubbled with excitement.”
“All types of small business owners, marketers, influencers, students, educators, families and information workers need to be able to produce great videos with minimal effort,” Pratley wrote. “Whether it is a 10-second social media ad, a 2-minute product promotion or a 20-minute instructional video, Clipchamp and Microsoft will provide the tools and experience you need.”
Clipchamp was founded in 2014 by former SAP employees and has 17 million users who use in-browser tools to create videos.This 90-person company has corporate clients such as Microsoft, Google, and Deloitte, and in April 2020 Announced plan Opened the first US office in Seattle.
Start to see Massive growth During the COVID-19 pandemic, the number of users increased by 54% year-on-year due to increased demand for video content (such as training, city hall addresses, and other company communications) for remote work.
In my post Regarding the acquisition, Clipchamp said, “There are few technology companies that have the same tradition and influence as Microsoft.”
“We all grew up in iconic Microsoft products and have been using them ever since. Being part of Microsoft allows us to be part of our future legacy. In any other case, our future will not be better than It’s more exciting now,” the company said.
In February 2020, Tola Capital, a Seattle-based venture capital firm, led Clipchamp’s $9 million Series A financing.
Aaron FleishmanServed as a partner at Tola Capital for six years, and served as a director of the board of directors at Clipchamp for nearly two years. Before that, he was the corporate strategy and M&A manager of Microsoft.in a LinkedIn posts On Tuesday, Fleishman called the acquisition an “exciting result” for Clipchamp’s co-founders and leaders.
“Unlike traditional and complex video editing tools, Clipchamp provides a new video editing paradigm with rich features that can create high-impact videos in minutes, while also making it easy for anyone to adopt and use it,” Fleishman said in 2020 after Tola’s investment.