Dailymotion, one of the largest video-sharing sites on the Web with over 112 million unique monthly visitors, has acquired digital-video tech company Jilion.
Although terms of the deal were not disclosed, Jilion confirmed on Tuesday it will be joining Dailymotion's team, with the goal of building "the best video player solution on the market." The crown jewel in the acquisition appears to be SublimeVideo, Jilion's modular video-player technology that allows users to customize a video player for their own Web sites.
According to Jilion co-founders Mehdi Aminian and Zeno Crivelli, Dailymotion plans to integrate SublimeVideo into its own video technology. For now, SublimeVideo will continue on "as-is," Jilion's co-founders said. SublimeVideo started in 2010 as the "world's first cloud-based HTML5 Video player," according to the company.
Correction, 9:27 a.m. PT:This story and headline initially misspelled the name of digital-video tech company Jilion.