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Qlipso aims to use the acquisition to add users and revenue to its multi-user content sharing service. The company launched an early version of its distribution technology in September 2005 and debuted its full beta service in March 2006.
Veoh officially launched (out of beta) in February 2007.
after Michael Eisner, a former Disney chairman, joined the board.
In April 2006, he was one of the investors (along with Time Warner) in the US.5 million second round of financing for Veoh and re-affirmed his status in August 2007 as an investor in the company's US million Series C financing round.
Veoh has raised about US million from venture capital and media investors.
Time Warner, Michael Eisner's Tornante Company, Spark Capital, Shelter Capital Partners, Tom Freston's Firefly3 LLC, Jonathan Dolgen (former chairman of Viacom Entertainment Group), Intel, and Goldman Sachs are all major investors.
Publishers are able to customize the presentation of their content, automatically publish via RSS feeds, and organize video programming into episodic series or complete channels.
As users watch videos, the Veoh recommendation system presents directly relevant video choices based around view histories of users with similar viewing/watch patterns.Veoh's recommendations engine is intended to enable viewers to find content that interests them.The recommendations engine was originally built by co-founder Dr. Subsequently, it was renovated by John Dimm in 2007 and finally restructured, refined, and maintained by Alexander Sherbak in 2008 through 2010 utilizing patent pending cluster identification algorithms.Publishers can use their PC to upload videos for distribution.
Veoh transcodes the video file so the video is available on Veoh.com, streamed on the publisher's own web site, and in portable devices like i Phones, i Pod Touches, i Pods and Sony PSPs.
Gaude Paez, a spokesperson told New Tee "The markets we are exiting collectively represent less than 10 percent of our viewer base." She maintained that the decision was "not about saving resources but rather refocusing those resources." Recently, however, the restriction has been removed from certain territories such as Puerto Rico.