Google buying Clifton Park company

google logoGoogle announced today that it's buying a Clifton Park company for $106.5 million.

On2 Technologies develops video compression technology. The acquisition is expected to help YouTube better deliver high-def video (remember, Google owns YouTube). It could help Google save money by saving on bandwidth (better compression = smaller files). And better compression would probably make it easier to send video to mobile devices like the iPhone (On2 bought a company that developed video software for mobile devices two year ago).

On2 was already working with a handful of high-profile clients, including Adobe, Amazon, Netflix, Skype and Brightcove.

While this is surely a big deal for On2, the cost of the acquisition is barely a drop in the bucket for Google. The market cap for the owner of the world the search giant was more than $142 billion as of this morning.

[Google press release] [Bloomberg] [PaidContent]

Comments

Oh wow, $106M, congrats On2. Damn you Google, they are a few blocks from us, so close :) According to one of our sysadmins, who used to work there, that company went through some rough times, with stocks down from 40 to 6 cents at some point. Good for them.

Say Something!

We'd really like you to take part in the conversation here at All Over Albany. But we do have a few rules here. Don't worry, they're easy. The first: be kind. The second: treat everyone else with the same respect you'd like to see in return. Cool? Great, post away. Comments are moderated so it might take a little while for your comment to show up. Thanks for being patient.

What's All Over Albany?

All Over Albany is for interested and interesting people in New York's Capital Region. In other words, it's for you. It's kind of like having a smart, savvy friend who can help you find out what's up. Oh, and our friends call us AOA.

Search

Recently on All Over Albany

There's a second rail trail mural in progress, and an open call for artists for a third

The second Helderberg Hudson Rail Trail mural is in progress under the Cherry Ave Bridge. John DeMarco of Washingtonville has been selected to create a... (more)

Step away from the edge

Come for the beautiful drone video of Kaaterskill Falls in this NYT article, stay for its look at safety around the site and others like... (more)

What's up in the Neighborhood

Among the topics in this most recent spin around the Capital Region's online neighborhood: hoax or hope, TV, Willett Rock, the attempted abduction of Philip... (more)

There's a new mural going up in downtown Albany

Check it out: The next downtown Albany mural is being created by local artist Liz Zunon, and she'll be working on it during the next... (more)

Morning Blend

Investigation of infant death in Schenectady Schenectady police have charged Heaven Puleski, the mother of 4-month-old Rayen Puleski, with a string of felonies related to... (more)

Recent Comments

Who would have thought that the way to finally get Exit 3 made after 30+ years was to just name it 'Exit 4 II: The Other Exit 4'.

Here's the proposed design for the Albany Skyway

...has 12 comments, most recently from Daleyplanit

Debbie's Kitchen is returning (with Debbie)

...has 7 comments, most recently from MM

The Albany airport's getting terminal upgrades, a new parking garage, and a new connector road from Exit 4

...has 17 comments, most recently from Paul

Morning Blend for Aug 15

...has 2 comments, most recently from John B.

Follow up: Delaware Supply

...has 4 comments, most recently from Dave