Brightcove Named 2009 Technology Pioneer by the World Economic Forum

December 4, 2008

CAMBRIDGE, Mass., Dec. 4 /PRNewswire/ — Brightcove Inc., the leading
online video platform, today announced it has been selected as a 2009
Technology Pioneer by the World Economic Forum for its continued innovation,
visionary leadership and success. Brightcove was recognized alongside 33
companies throughout the world and was the only online video platform
selected. Jeremy Allaire has also been invited to participate in the upcoming
World Economic Forum Annual Meeting 2009 in Davos-Klosters, Switzerland.

“It is a great honor for Brightcove to be named a 2009 Technology Pioneer
by the World Economic Forum,” said Jeremy Allaire, Brightcove chairman and
chief executive officer. “Being recognized as an innovator on a global scale
is a true testament to the strength of our business and vision for
transforming how media companies, businesses, educational institutions, and
civic organizations communicate through video on the Web.”

With this award, Brightcove continues to build on its strong momentum
heading into 2009. The company recently introduced Brightcove 3, its new
online video platform, which has seen tremendous market adoption among major
new customers including New York Times, AOL, Conde Nast and Times Online in
the UK. The company also recently expanded with a new European office in
Germany and the establishment of a majority-owned subsidiary in Japan,
Brightcove KK.

Brightcove was chosen for this prestigious award as a result of a vigorous
selection process. The World Economic Forum received more than 320
applications from around the world that were evaluated by 44 global technology
experts. In order to be selected as a Technology Pioneer, a company must be
involved in the development of significant technology innovation and have the
potential for long-term impact on business and society. In addition, the
company must demonstrate visionary leadership and sustain market leadership
via proven technology.

This year’s class of winners is one of the most geographically diverse
ever, as Technology Pioneers hailed from 15 countries, including Austria,
Canada, France, Germany, Japan, India, the Netherlands, Norway, Switzerland,
the United Kingdom and the United States. For the full list of 2009 Technology
Pioneers, please visit http://www.weforum.org/techpioneers.

About Brightcove

Brightcove is an online video platform. Media companies, businesses and
organizations worldwide use Brightcove to publish and distribute video on the
Web. Founded in 2004, Brightcove is a Software-as-a-Service (SaaS) business
with offices across North America, Europe and Asia. For more information,
visit http://www.brightcove.com.

SOURCE Brightcove Inc.

Source: newswire

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