Brightcove announces the formation of a majority-owned Japanese subsidiary, Brightcove KK. The new subsidiary is backed by $4.9 million in new investment from Brightcove Inc. and four market-leading Japanese strategic partners: Dentsu, J-Stream, transcosmos, and Cyber Communications. Three of the investment partners, Dentsu, J-Stream, and CCI, along with Brightcove Inc., will be sales agents for Brightcove KK in Japan, giving Brightcove KK immediate and powerful access to the Japanese market.

Headquartered in Tokyo, Japan, Brightcove KK will operate a localized version of Brightcove's award-winning, on-demand Internet TV platform, which is currently used by media companies and marketers across North America and Europe. With Brightcove KK, Japanese media companies and marketers will gain access to the most powerful and scalable software as a service solution available for online video players, distribution, and advertising.

The Brightcove KK partners represent the market leaders in Japan in digital media, advertising, and content delivery.

• Dentsu, Inc. is the largest advertising company in Japan with a market share of approximately 30 percent and has over 6,000 clients Groupwide.
• J-Stream, Inc. is Japan's largest content delivery network specializing in streaming media for content providers and business corporations.
• transcosmos is Japan's leading information processing outsourcing company adopting the latest Internet technology through the strategic investment and business development.
• CCI is Japan's largest interactive adverting company that currently has more than 30 percent of the country's digital brand marketing, a popular advertising serving technology, and online advertising network.

These companies bring tremendous reach into the media and marketing sectors in Japan, and will help ensure the success of Brightcove KK in the Japanese market.