Telstra takes multimillion-dollar stake in Gorilla Technology Group

Telstra has made a multimillion-dollar equity investment in Taiwanese video big data and analytics company Gorilla Technology Group, which will have its software integrated into the Australian telco's network.

Australia's largest telco Telstra is planning to integrate the software platform of Taiwanese video big data and analytics company, Gorilla Technology Group, after taking a multimillion-dollar equity stake in the company through its investment arm Telstra Ventures.

According to Telstra international president Tim Chen, the retail, security, broadcast, and government sectors could benefit by Gorilla Technology Group's scheduling and management offering, along with its video analytic software solutions -- which is set to be integrated into Telstra's network.

"Telstra's equity investment in Gorilla Technology Group will ... 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 datacentres," said Chen. "Gorilla Technology Group will also provide storage using Telstra's cloud solutions to its customers worldwide."

Gorilla Technology Group plans to announce the availability of its first line of broadcast video services on Telstra's cloud infrastructure at the NAB Show 2015 in Las Vegas in April.

Gorilla Technology CEO Dr Spincer Koh said that Telstra is a good match for his company's expertise in video big data and analytics, and in tackling the huge demand for software-driven value-added services.

In late December, Telstra Ventures announced that it had made an equity investment in Elemental, a supplier of software-defined video solutions for multi-screen content delivery.

In fact, the company's investment arm has been busy pumping money into an array of technology companies around the world. Also in December, it took a minority equity stake in Australian cloud-based business process guidance software solutions provider Panviva.

In September last year, Telstra joined a raft of other high-value backers in a funding round for electronic signatures company DocuSign. It also joined a $50 million Series D funding round for e-commerce platform Bigcommerce, and, in August, the company took control of Silicon Valley-based video streaming and analytics company Ooyala, after investing an additional $270 million in the company.

Newsletters

You have been successfully signed up. To sign up for more newsletters or to manage your account, visit the Newsletter Subscription Center.
See All
See All