Kaltura, Inc.

General Information

Our mission is to power any video experience, for any organization. Our Video Experience Cloud offers live, real-time, and on-demand video products including Video Portal, Town Halls, Video Messaging, Webinars, Virtual Events and Meetings. We also offer specialized industry solutions, including LMS Video (Learning Management System), Lecture Capture and Virtual Classroom for educational institutions, as well as a TV Solution for media and telecom companies. Underlying our products and solutions is a broad set of live, real-time, and on-demand Media Services consisting of Application Programming Interfaces (“APIs”), Software Development Kits (“SDKs”), and Experience Components, as well as our Video and TV Content Management Systems. Our Media Services are used by other cloud platforms and companies to power video experiences and workflows for their own products. Our Video Experience Cloud is used by leading brands across all industries, reaching millions of users, at home, at school and at work, for communication, collaboration, training, marketing, sales, customer care, teaching, learning, and entertainment experiences.

Video is everywhere. It has become a driving force for online interactions and engagement, and has revolutionized how we communicate, work, learn, and entertain. According to Cisco’s Visual Networking Index, 82% of the world’s internet protocol (“IP”) traffic will be IP video by 2022.

(Note: Kaltura priced its IPO on July 20, 2021, at $10 – the mid-point of its $9-to-$11 range – on 15 million shares, the same number in the prospectus, to raise $150 million. In an S-1/A filing dated July 12, 2021, Kaltura cut its IPO to 15 million shares at $9 to $11 to raise $150 million – down from its initial size of 23.5 million shares at $14 to 16 to raise $352.5 million. In terms of estimated IPO proceeds, based on mid-point pricing, the deal’s size was cut by 57.5 percent. The IPO was postponed this spring; it was initially expected to be priced on March 31, 2021, for an April 1, 2021, debut on the NASDAQ. **Kaltura’s IPO pricing gives it a market cap of $1.24 billion, down from about $1.85 billion under its original terms. The July S-1/A filing included restated consolidated revenue and net loss figures for the last 12 months through March 31, 2021.)

Employees: 584
Founded: 2006
Contact Information
Address 250 Park Avenue South 10th Floor New York, New York 10003
Phone Number (646) 290-5445
Web Address http://www.kaltura.com
View Prospectus: Kaltura, Inc.
Financial Information
Market Cap $1240.9mil
Revenues $132.3 mil (last 12 months)
Net Income $-69.4 mil (last 12 months)
IPO Profile
Symbol KLTR
Exchange NASDAQ
Shares (millions): 15.0
Price range $10.00 - $10.00
Est. $ Volume $150.0 mil
Manager / Joint Managers Goldman Sachs/BofA Securities/Wells Fargo Securities/Deutsche Bank Securities
CO-Managers Canaccord Genuity/JMP Securities/KeyBanc Capital Markets/Needham & Co./Oppenheimer & Co.
Expected To Trade: 7/21/2021
Status: Priced
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
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