Monday, November 10, 2008

Brightcove adds Condé Nast to customer tally

By Mass High Tech Staff

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Brightcove Inc. will today announce its third major media customer in as many weeks. Condé Nast Publications will use the Cambridge company’s online video platform for video on four magazine websites, the two companies said.

CondéNet, the digital version of Condé Nast, began using Brightcove to support video on Portfolio.com, which is connected to Portfolio, a business magazine the company launched last April.

The contract will enable the New York-based magazine publishing company to eventually use Brightcove to run ad-supported video on all its websites. The first websites to launch video with Brightcove will be Wired.com, Glamour.com, Parade.com and Self.com.

The Wired.com website, for example, will include contextual clips within news stories, and full-screen, broadcast-quality features.

Over the past two weeks, Brightcove has announced similar deals with the New York Times Co. (NYSE: NYT) and Time Warner Inc. (NYSE: TWX) subsidiary AOL. Both AOL and the New York Times are minority stakeholders in the Cambridge company.

Founded in February 2005 by serial tech entrepreneur Jeremy Allaire, Brightcove has raised at least $5.5 million in Series A funding from General Catalyst Partners. The company now has about 160 employees, with offices in Cambridge, New York, Seattle, Germany, France, the U.K. and China.