Peer5 is an Israeli company that develops enterprise CDN (eCDN) solutions for video streaming. Microsoft announced that it has acquired Peer5. The purchase price was not disclosed.
The Peer5 team will now join Microsoft’s Israel R&D team.
Founded in 2012 by CEO Hadar Weiss, CTO Shachar Zohar and Guy Paskar, Peer5 operates the world’s first WebRTC-based CDN. The company boasts that its P2P network improves video quality and solves network issues for global companies such as Turner and Deutsche Telekom.
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Microsoft Teams GM Nicole Herskowitz wrote in a blog post that, “As Microsoft Teams has become the primary communications and collaboration platform for many of our customers, they’ve asked us for more integrated eCDN solutions for large-scale meetings and virtual events. Today, we’re excited to announce that we have acquired Peer5 to expand our ability for delivering secure, high-quality, large-scale live video streaming with optimized network performance in Teams.”
“Together with Peer5, we’re thrilled to advance our commitment for building a better hybrid workplace for a new era of communications.” (Microsoft)
Microsoft explained that as live streaming becomes more common in the workplace, large organizations need reliable enterprise video streaming solutions. Enterprise Content Delivery Networks (eCDN) can alleviate limited corporate network downlink bandwidth to deliver high-quality video streaming and broadcasting for large audiences of employees.
Peer5 CEO Hadar Weiss commented in a company blogpost, “The beauty of WebRTC is that no installation is required. It is also advantageous from a privacy and security perspective as it runs in-browser. Peer5 is integrated together with the video player so it is enabled instantaneously for every employee within an enterprise. We push the envelope even further by adding logic and mechanisms that adjust to any device and any network without requiring any custom setup from the customer side.”
Microsoft will continue to support eCDN solutions from Microsoft certified partners in addition to Peer5 eCDN; and current Peer5 customers will be able to continue using Peer5 services. Microsoft will provide more information when available.