Business
Kaltura Confirms Receipt Of Unsolicited Proposal From Panopto
NEW YORK, July 29, 2022 (GLOBE NEWSWIRE) -- Kaltura Inc. (NASDAQ: KLTR) is aware of the public announcement made by Panopto, Inc., a private company owned by
About this update from Kaltura, Inc.
[{"type":"text","content":"NEW YORK, July 29, 2022 (GLOBE NEWSWIRE) -- Kaltura Inc. (NASDAQ: KLTR) is aware of the public announcement made by Panopto, Inc., a private company owned by K1 Investment Management, LLC, regarding a non-binding, unsolicited proposed business combination transaction in which Panopto would acquire all of the Company’s outstanding common stock at a purchase price of $3.00 per share in cash. Kaltura’s Board of Directors will evaluate the proposal in due course. Kaltura continues to execute on its strategy to power video experiences for learning, collaboration, entertainment, and events for organizations around the world. About Kaltura Kaltura’s mission is to power any video experience for any organization. Our Video Experience Cloud offers live, real-time, and on-demand video products for enterprises of all industries, as well as specialized industry solutions, currently for educational institutions and for media and telecom companies. Underlying our products and solutions is a broad set of Media Services that are also used by other cloud platforms and companies to power video experiences and workflows for their own products. Kaltura’s Video Experience Cloud is used by leading brands reaching millions of users, at home, at school and at work, for communication, collaboration, training, marketing, sales, customer care, teaching, learning, virtual events, and entertainment experiences. Investor Contacts:KalturaYaron GarmaziChief Financial [email protected] Sapphire Investor RelationsErica Mannion and Michael Funari+1 617 542 [email protected] Media Contacts:KalturaLisa [email protected] Headline MediaRaanan [email protected]+1 347 897 9276 Forward-Looking Statements This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including but not limited to, statements regarding the public announcement made by Panopto, Inc. regarding a proposed business combination transaction. In some cases, you can identify forward-looking statements by terminology such as “aim,” “anticipate,” “assume,” “believe,” “contemplate,” “continue,” “could,” ...