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

Stuff to do this weekend

It's Memorial Day weekend. The official unofficial kickoff to the summer season. There are plenty of picnics, barbecues, and just general hanging out to do,... (more)

Working out the design of the Albany Skyway

The Albany Skyway project is continuing to move forward, and this week the engineering team heading up the design work presented a few potential concepts... (more)

First house on the street

History + houses + maps = this chronicle of house building in Niskayuna by Guy Spiers. It's remarkable to see how house were clustered in... (more)

Collar City Candle Craft + Draft BBQ at Lansing Farm

This is something a little different and summery: Collar City Candle is hosting a Craft + Draft BBQ event at Lansing Farm in Colonie Sunday,... (more)

There's another rail trail public art project this summer, and the call for artists is open

We mentioned this in the rail trail post this week, but it's worth highlighting: The call for artists is currently open for the next public... (more)

Recent Comments

Although I think the city is best served by having the state decommission and demolish this section of highway, if it is to be, then a couple things to consider. First, a big challenge is integrating the trail with Broadway along the exit ramp that feeds B'way from 787.The second is covering the cost of maintenance, not only of the linear park, but of the framework holding it aloft. ...

Working out the design of the Albany Skyway

...has 9 comments, most recently from Greg

Collar City Candle Craft + Draft BBQ at Lansing Farm

...has 1 comment, most recently from Dave

The Helderberg-Hudson Rail Trail is set to get a new paved section this summer, and a few more bits about its future

...has 11 comments, most recently from Zed F

Recycled robots

...has 1 comment, most recently from Herbert

Civil War walking tour of Albany Rural Cemetery

...has 4 comments, most recently from Amy