PixelFish Acquires Video Applications Service Provider Eyespot, Acquisition Accelerates Development of Next-Generation Video Advertising Platform

Los Angeles, CA, December 19, 2008 --(PR.com)-- PixelFish, a leading provider of affordable and effective video advertising solutions, has acquired Eyespot Corporation for an undisclosed sum. The acquisition enables PixelFish to accelerate the development of its market leading video advertising platform by augmenting its custom video ad creation and optimization technology with Eyespot’s advanced video publishing, online video production, transcoding and advertising-related applications.

“The Eyespot acquisition brings to PixelFish technology critical to our planned platform development, saving us significant time and money required to develop this capability ourselves,” said John McIntyre, Founder and CEO of PixelFish, Inc. “The online video production tools and real-time video transcoding technology will be an integral addition to our advertising creation and optimization platform.” The acquisition includes the provisional patents for a number of critical online video technologies.

"We've spent four years building a video creation, syndication, and monetization platform that is well-suited to profitably serve video publishers of all sizes, working with even the smallest of Web sites to understand their needs, while applying insight from our implementations with leading brands," said Jim Kaskade, Co-founder of Eyespot. “This platform is ideally suited to automate the creation of video advertising and is an ideal fit for PixelFish’s industry leading custom advertising solutions”.

Eyespot created Web-based and mobile video applications and media libraries for publishers of all sizes that are used to personalize and virally distribute video content, powering leading brands in digital media and over 10,000 mid-to-small sized publishers. The Eyespot Personalization Suite features drag-and-drop online tools that allow users to upload content from any source, edit, manipulate and mix content with rights-cleared material and user-generated content, and export the resultant media in multiple formats for use on the Web, mobile devices, or as conventional files.

About PixelFish
PixelFish, Inc. is a technology-driven provider of award-winning video advertising solutions primarily for small and medium-sized businesses (SMBs) and their advertising partners. The company has developed an innovative platform for quickly and easily creating and optimizing the most affordable and effective custom video ads. Its intuitive online applications enable a range of video solutions that meet the varying needs and budgets of SMBs, supported by its global network of more than 2,500 professional videographers. PixelFish is the leading provider of video ads for Google, Yellowbook and many other search, directory and ad network providers. Founded in 2006, PixelFish is a privately-held corporation headquartered in Torrance, California, with additional locations in New York and Hyderabad, India. To learn more about PixelFish, please visit www.pixelfish.com

PixelFish, Inc.
Stephen Condon
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