New York-Based Odd Networks Acquires Overdog
May 9, 2016
FOR IMMEDIATE RELEASE
The Board and Shareholders of Overdog, Inc. (“Overdog”) are very happy to announce the Company’s acquisition by Odd Networks (“Odd”), a New York-based SAAS Company. The Odd and Overdog teams have worked together for years, and the combination of the companies was a long time coming. The two companies are dedicated to delivering best-in-class experiences in gaming and Over-The-Top content, and are excited to be working together officially. Overdog’s technology will be incorporated into Odd’s product, and the Overdog management team will remain as advisors to Odd.
About Odd Networks:
Odd Networks is an open source platform designed to give content creators access to a powerful set of tools enabling them to launch their own content streaming services across an array of mobile, tablet, and connected TV devices.
Odd’s product is a middleware stack that pulls together many publishing partners to create a single product offering allowing content publishers to launch their own streaming services. This enables content publishers to integrate fragmented products and services into one place for publishing workflows and analytics. A good way to envision the product is if you could run your own "Netflix in a box".
Much of the Odd’s software has been made available as open source. This strategic move has been a huge benefit to adoption of the technology. It means partners are eager to integrate it, and the developers who are crucial to growing the market trust it enough to adopt it as a standard.
Odd Networks launched a beta version of their product last October. Since that time, they've grown to 200,000 videos watched per week on their platform with 9% week over week growth in viewership.
Odd's private beta customers include:
https://itpro.tv/
http://www.pbr.com/mobile-promo.aspx
https://www.pokercentral.com/
https://www.levintv.com/devices
And integration partners include:
http://www.ooyala.com/
https://www.jwplayer.com/products/jwplatform/
http://cleeng.com/
https://piano.io/
http://freewheel.tv/
Odd is planning a public launch of their product this Summer, targeting a new market in the video streaming industry.
Odd Networks was founded in Saratoga Springs, New York, in 2015 by CEO Brian Corrigan, President Kris Walker, and others. The team is 8 people strong, including 4 full time engineers. Their technical background is in video game platforms and e-sports broadcasting, including management positions at Agora Games, Major League Gaming, and MadGlory Interactive.
About Overdog:
Overdog was founded by CEO Steve Berneman and President Hunter Hillenmeyer in 2012. Other key employees include COO Thomas Bernstein, Board Member Eric Satz of Tennessee Community Ventures Fund, and Board Member Stuart Larkins of Chicago Ventures. Other investors include Atlas Venture, BLH Ventures, Mountain Group Capital, Allen DeBevoise, United Talent Agency, and Mark Pincus.
