NimbleTV will stop offering its service that allowed cable customers to access television content online after being acquired.
Synacor, a Buffalo, New York, company specializing in putting content and advertising on a variety of devices, bought NimbleTV, a move announced in a press release on Wednesday. Nimble's service had been shut down since Monday.
[seealso slug=http://sale-online.click/2014/07/09/aereo-ruling-television-startups/%5D%3C/p%3E%3Cp%3ESynacor CEO Himesh Bhise said in a press release that the acquisition was in part to bring in the employees of NimbleTV. Acqui-hires, as they are known, are not terribly uncommon but are rarely called out as such publicly.
"Synacor has an important role to play as streaming video consumers—OTT and TV Everywhere—proliferate. We see a fragmented landscape of vendors and believe our customers are looking to Synacor as a one-stop, trusted partner. NimbleTV is another step toward expanding our team and platform to deliver end-to-end, advanced video solutions," Bhise said.
As part of the acquisition, Synacor also gets NimbleTV's patents.