RealTime IT News

Loudeye Acquires Wonderhorse

Looking to beef up its realtime data sharing and collaboration capabilities, Loudeye Technologies on Wednesday announced a deal to acquire Seattle-based Wonderhorse's Realtime Server Platform.

Financial terms of the purchase, which also includes Wonderhorse's existing intellectual property portfolio, were not released.

Wonderhorse Corp., a privately-held company, develops and markets real-time collaboration technology and applications and Loudeye said it would integrate the flagship Wonderhorse Realtime Server into its enterprise communications products to develop applications that enable sharing of data and collaboration between online audiences.

The technology allows groups participating in online meetings and presentations to interact in real-time using voice, data or video and Loudeye believes the integration would extend its reach beyond the digital media sector.

The real-time data collaboration sector is now ruled by the likes of IBM and Groove Networks but, by purchasing Wonderhorse's technology, Loudeye certainly believes there is enough market share to go around.

"Wonderhorse platform technology offers functionality that can increase the value Loudeye offers its customers," said Wonderhorse CEO Mark Consuegra.

Loudeye, known more for its digital media software that lets users convert audio and video media for Web publishing, said the time is ripe for a jump into the enterprise communications sector.

"Enterprise communications is reaching an important inflection point where companies already understand the benefits of Webcasting but are interested in increasing their effectiveness through more sophisticated and dynamic Webcasts," said Loudeye CEO John Baker. He said the Wonderhorse technology would speed up plans to market products that meet this need for advanced web-based enterprise communications.

Wonderhorse collaboration technology and applications allow individuals and groups to communicate in realtime using voice, video, data or text. Founded in 1999 by a group of former Microsoft employees, the company got on the map with its Realtime Communications Platform.