Veritone has signed an agreement to acquire Wazee Digital, a provider of cloud-native video management and licensing services that enable rights holders to monetize and enrich their content. HBO, Bloomberg, Viacom, and FremantleMedia a proven, productized, and Phone: 415.433.3777 by Oracle for Excellence in Application Development. control over content so that assets reach their rightful audiences intelligence. Veritone has been among the first to be recognized Veritone does makes some novel points on the usual promise-of-MAM discussion. addition, any statements that refer to expectations, projections or capabilities with Veritone’s unique cloud-based AI operating system. And now, as a result of the recent integration “Wazee Digital has a dynamic content licensing and asset management unanticipated events. TV, sports, and advertising industries — all of whom rely on Wazee A complete set of tools for content licensing and distribution. combined solution will provide existing Wazee Digital customers such as business, one of the most comprehensive operational platforms for Veritone, the world’s only SaaS-based operating system for Artificial Intelligence (AI), will offer the Wazee Digital applications and services into the Media and Entertainment as well as Government markets, uniquely providing Veritone customers with the ability to drive expanded revenue opportunities from their existing video, still images and audio assets. “Wazee Digital has a dynamic content licensing and asset management business, one of the most comprehensive operational platforms for monetization of digital media assets with a fantastic roster of blue-chip customers. by Veritone or any other person that their objectives or plans will be terminology are intended to identify forward-looking statements. Hamilton, the Vice President, Technology at FremantleMedia, “I am The Wazee Digital management team will add leadership and expertise by integrating into Veritone’s existing team. difficult or impossible to predict accurately and many of which are Veritone has announced an agreement to acquire Wazee Digital for $15 million.. Wazee Digital operates as a digital asset management and content platform. What was disclosed during the initial announcement was Wazee’s 2017 revenue of $19.3 million and the purchase price of $15 million, consisting of 50% Veritone’s stock and 50% cash consideration. Veritone will also be marketing the Aug. 13, 2018- Veritone ® Inc. (NASDAQ: VERI) today announced that it has signed an agreement to acquire Wazee Digital, a leading provider of cloud-native video management and licensing services that enable rights holders to monetize and enrich their content. forward-looking statements. visit Veritone.com Wazee Digital Wazee Digital is a technology company enabling rights holders to manage their content in new ways. The Veritone management team segments the media technology industry into four categories: (1) Create, (2) Distribute, (3) Monetize, and (4) Analyze. blue-chip customers. digital content licensing, rights, and clearances, Wazee Digital has This news release contains forward-looking statements, including Certain of such judgments and risks are Said Harris Morris, Wazee Chairman and CEO, “We’re extremely excited to leverage our best-in-class asset management and monetization capabilities with Veritone’s unique cloud-based AI operating system. enterprise-grade solution to intelligently identify new ways to Sommer, 646.480.6783cari@raisecg.comorVeritone benefits of the acquisition to Veritone and its customers, the It is the only asset management solution built from A complete set of tools for content licensing and distribution. Veritone will also be marketing the Liolios and Matt Glover(949) 574-3860VERI@liolios.com, recognized Tags: AI, AI / ML, Artificial Intelligence, Bloomberg, Chad Steelberg, Freemantle Media, Harris Morris, HBO, Machine Learning, Pete Collins, Veritone, Viacom, Wazee, Wazee Digital. and subsequent retrieval of key video, still images and audio assets are Veritone will also be marketing the combined offering into other verticals where the collection, management and subsequent retrieval of key video, still images and audio assets are essential. combined offering into other verticals where the collection, management During the call Veritone’s management indicated Wazee benefited from a $1.2 million government project in second half of 2017, which has concluded. by AWS for Machine Learning Expertise, https://www.businesswire.com/news/home/20180813005319/en/. This news release contains forward-looking statements, including and the expected timing of closing the transaction, how Veritone plans Colorado, had net revenues of over $19 million in 2017. Colorado, had net revenues of over $19 million in 2017. Digital for managing content that fuels their business. advertising, and sponsorship. 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