Zoom buys selected Liminal properties for an undisclosed amount

  • Zoom Video Communications Inc. recently acquired certain assets of Liminal. Financial terms of the deal were not disclosed.
  • Liminal is a startup that offers event production solutions based primarily on Zoom SDK.
  • Zoom will be joined by two of Liminal's co-founders, Andy Carluccio and Jonathan Kokotajlo.
  • Liminal solutions, including the ZoomOSC and ZoomISO applications, will help connect Zoom with traditional and emerging event control devices and applications to support theaters, broadcast studios and other organizations.
  • Liminal software can connect a variety of Zoom HD video sources to production devices and applications.
  • Zoom aims to remain the leading end-to-end hybrid event management platform in the market.
  • Zoom aims to cover the entire value chain, from creative production to broadcast and editing, and a fully customizable live event experience with pre-event planning, event management and post-event analytics.
  • Zoom has $5.4 billion in cash and cash equivalents as of October 31.
  • Price action: shares of ZM lost 0.93% to $185.70 in late early check trading on Tuesday.

SOURCE https://finance.yahoo.com/news/zoom-acquires-certain-assets-liminal-102321477.html

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