On February 17, Goodwin Procter client Brightcove (NASDAQ: BCOV) successfully launched its initial public offering, selling 5 million shares at $11 per share.
Based in Cambridge, MA, Brightcove sells online video publishing and distribution services, including Brightcove Video Cloud, an enterprise-friendly online video hosting and management platform, and Brightcove App Cloud, a software application development and management platform designed to help publish and distribute video through software apps across Internet-connected devices. The company has more than 3,800 customers in 50 countries, including The New York Times Company, Oracle, AOL, Philips Electronics, Macy’s, Bank of America, the U.S. Army and Honda.
“We are very appreciative to have worked with Brightcove since its incorporation more than seven years ago,” said Joe Theis, a partner in Goodwin Procter's Technology Companies Group. “Brightcove is a remarkable organization, with innovative technology and people. We look forward to building on our relationship with Brightcove as a public company.”
The Goodwin deal team was led by partners Theis and Bill Schnoor.