IBM has confirmed its acquisition of Ustream, provider of cloud-based live video streaming services. The company is also forming a new unit for housing its cloud video services.

Ustream delivers live and on-demand video to about 80 million viewers per month for a broad range of clients. Its broad customer base includes NASA, Facebook, Samsung, Nike, and Discovery Channel.

IBM plans to expand its cloud-based services with an acquisition of Ustream, provider of live-stream videos, and with the creation of a new cloud video unit.

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