Y Combinator alum Zencoder has agreed to be acquired by video platform provider Brightcove (NASDAQ: BCOV). Zencoder will operate as an independent product line within Brightcove and carry on with its mission to create the best suite of API-based media services in the cloud for customers such as Yammer. Zencoder raised $2 million in funding from a substantial list of VC investors back in April 2011.
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