Australia's largest telco, Telstra, Friday announced it had made a multi-million dollar equity investment in the Gorilla Technology Group, a Taiwanese-based global leader in video analytics for business intelligence, security, enterprise unified communications, education, broadcast media and entertainment. Gorilla Technology’s software solutions enable business customers to convert raw video into searchable data and real-time searchable video cataloguing.
According to Telstra, the retail, security, broadcast and government industries will benefit from Gorilla Technology Group’s solutions for scheduling and management and its video analytic software solutions in intelligent security and forensics. At the NAB 2015 show in Las Vegas in April, Gorilla will announce the availability of its first line of broadcast video services on Telstra’s cloud infrastructure.
Telstra has been beefing up its presence in the video analytics market. August last year, the company increased its stake from 23% to 98% in Silicon Valley-based Ooyala, a leader in video streaming and analytics solutions for USD$270 million.
Telstra’s equity investment in Gorilla Technology Group will also allow the company to integrate its software into our network, and provide Gorilla the opportunity to resell the integrated solution to enterprise and government customers worldwide through our international connectivity and data centres. Gorilla Technology Group will also provide storage using Telstra’s Cloud solutions to its customers world-wide.
Spincer Koh, CEO, Gorilla Technology
In tackling the huge demand for software-driven value-added services – especially in verticals such as retail, security, broadcast, and government – Telstra is a very good match for Gorilla’s expertise in video big data and analytics. Telstra’s state-of-the-art cloud and telco infrastructure and Gorilla’s software platforms and applications offer synergies for both companies to leverage in creating new business opportunities globally.
