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27 June 2012

Leading Tech Firm Sets Up in London

Kaltura, the US firm that developed the first open-source online video platform and the company behind the fast-growing London Video Meetup, has opened its European HQ in London.

Kaltura, a successful growth-stage company, is backed by a number of prominent investors including Intel Capital.

Leah Belsky, Vice President & General Manager Europe, Middle East and Africa, said:

“Kaltura started exploring the UK market a year ago with a few consultants. Given the rapid growth and potential we saw with the UK broadcasters, universities and enterprises, we recently decided to invest heavily in Europe, opening a new London headquarters right next to Tech City, with a full operational, community, and sales team.”

The firm has already recruited 15 staff mainly in operational, development and sales roles and its technology is already in use with AstraZeneca, SAP, Siemens and Durham University, among others.

Gordon Innes, CEO of London & Partners, the Mayor’s official promotional organisation for London, said:

“The Mayor of London, Boris Johnson has confirmed his number one priority to be securing jobs for Londoners and driving economic growth since taking up a second term. We are therefore committed to securing international business such as Kaltura, which will invest in the city and continue to improve the economic outlook but also provide future employment opportunities for Londoners.”

International firms increasingly see London as the world’s capital for business, with unrivalled access to a talented workforce, capital markets and the world’s most creative capital, where ideas and trends are born.

Eric Van der Kleij, chief executive of Tech City Investment Organisation, said:

“This announcement is great news. Kaltura will be able to take advantage of the lively tech scene just a mile or two away with an astonishing array of talent and creativity. The technology scene is dynamic and growing and it is good news that Tech City was one of the draws that attracted Kaltura to London.”

Nick Baird, chief executive of UK Trade & Investment, said:

“This is a great example of different organisations coming together to market London to a potential investor. London & Partners has provided detailed information on setting up in London and Tech City Investment Organisation has helped provide information on the technology sector and what they can offer.”

Notes to editors

For more information please contact:

• James Clements at UK Trade & Investment on 020 7215 2491

• Chloe Couchman at London & Partners on 020 7234 5727

• Lisa Bennett at Kaltura on 00 +1 212 981 3965

About UK Trade & Investment

UK Trade & Investment (UKTI) is the government department that helps UK-based companies succeed in the global economy. We also help overseas companies bring their high quality investment to the UK’s economy – acknowledged as Europe’s best place from which to succeed in global business. UKTI offers expertise and contacts through its extensive network of specialists in the UK, and in British embassies and other diplomatic offices around the world. We provide companies with the tools they require to be competitive on the world stage. For more information on UKTI, visit www.ukti.gov.uk or telephone +44 (0)20 7215 8000. For latest press releases, visit the online newsroom at www.ukti.gov.uk/media. You can also keep in touch with developments at UKTI through www.blog.ukti.gov.uk, www.twitter.com/ukti and www.flickr.com/photos/tags/ukti

About London & Partners

London & Partners is the official promotional organisation for London. Our company attracts and delivers value to business, students and visitors. London & Partners is a not-for-profit public private partnership, funded by the Mayor of London and a network of commercial partners.

Our remit is to drive leisure and business visitors as well as bidding to secure major events in London, to unlock the city for overseas businesses who want to set up or expand in London and to promote the capital’s world class universities to international students.

Our intention is to work in partnership with organisations in London and across the world to deliver our goal - that London be globally recognised as the best big city on earth.

For more information visit www.londonandpartners.com.