Frankly to acquire video asset management platform Vemba.

Frankly, which provides a complete suite of digital solutions for media companies, agreed to acquire video asset management platform Vemba. Financial terms were not disclosed. Norbert Horvath, Vemba's Founder and Chief Technology Officer, who will become Frankly's Chief Product Officer following the transaction's closing, added: "This agreement allows Vemba to continue executing on our strategic vision and expand our abilities to serve our clients under the Frankly banner. Frankly has established a commanding footprint in the broadcast space, and combining our teams will create an extraordinarily compelling OTT multiscreen platform for the industry."