Aussies strike it rich with $15m Google buyout

Team to join YouTube in Google's stable

Australian entrepreneurs Ryan Junee, Julian Frumar and Simon Ratner are laughing all the way to the bank as their online video start-up Omnisio was acquired by Google for $US15 million in cash.

In announcing the acquisition on the Omnisio Web site, the trio said they are "thrilled" to be bought out by Google and will soon be joining the YouTube team "aligning us with the market leaders in online video".

"Together we'll apply what we've learned about the space, and we'll work to develop innovative products and features for the YouTube community," the statement said. "We believe we've only scratched the surface in terms of what's possible with online video, and we are really looking forward to taking the video viewing - and creating - experience to the next level."

Launched publicly in March, Omnisio found a niche in online video sharing, annotating and editing with presentation material.

It is touted by its developers as "the world's first platform for building rich applications with video".

Omnisio allows videos to be tagged for key highlights which can then be jumped to immediately.

The company claims to be "pushing the envelope" of online video, and its founders have "been surprised by the creative and interesting stuff our users have built on the Omnisio platform".

"The enthusiastic adoption of our tools has exceeded our wildest expectations," they said.

Co-founder Julian Frumar previously worked for Sydney-based video start-up Vquence and all three worked at content processing software start-up Sensory Networks, also with a history in Sydney.

Join the newsletter!

Error: Please check your email address.
Rocket to Success - Your 10 Tips for Smarter ERP System Selection
Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Rodney Gedda

Techworld Australia
Show Comments

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Sarah Ieroianni

Brother QL-820NWB Professional Label Printer

The print quality also does not disappoint, it’s clear, bold, doesn’t smudge and the text is perfectly sized.

Ratchada Dunn

Sharp PN-40TC1 Huddle Board

The Huddle Board’s built in program; Sharp Touch Viewing software allows us to easily manipulate and edit our documents (jpegs and PDFs) all at the same time on the dashboard.

George Khoury

Sharp PN-40TC1 Huddle Board

The biggest perks for me would be that it comes with easy to use and comprehensive programs that make the collaboration process a whole lot more intuitive and organic

David Coyle

Brother PocketJet PJ-773 A4 Portable Thermal Printer

I rate the printer as a 5 out of 5 stars as it has been able to fit seamlessly into my busy and mobile lifestyle.

Kurt Hegetschweiler

Brother PocketJet PJ-773 A4 Portable Thermal Printer

It’s perfect for mobile workers. Just take it out — it’s small enough to sit anywhere — turn it on, load a sheet of paper, and start printing.

Matthew Stivala

HP OfficeJet 250 Mobile Printer

The HP OfficeJet 250 Mobile Printer is a great device that fits perfectly into my fast paced and mobile lifestyle. My first impression of the printer itself was how incredibly compact and sleek the device was.

Featured Content

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?