IBM Acquires UStream, Plans Deeper Dive Into Enterprise Video Streaming

IBM confirmed it acquired UStream on Thursday as part of a plan to create a new cloud video services unit composed of three other acquisitions. The buyout of UStream means Big Blue can now push forward and develop an enterprise video streaming offering.

Founded in 2007, UStream is a free streaming service with paid professional versions for broadcasters. The service is popular in gaming circles. In 2013, the company announced the PlayStation 4 would support gameplay streaming directly from the console.