Video content producer StudioNow has bought Bluwave Productions.
Headquartered in Jacksonville, Fla., Bluwave operates in 22 markets in the Southeast, and provides production services to brands, agencies and media companies. As a result of the acquisition, roughly 40 Bluwave team members are coming on board to StudioNow, doubling the company’s head count. Jim Dalton, Bluwave’s founder, will join StudioNow as an advisor and shareholder. Charlie Bolton will continue as VP and GM of Bluwave.
“We gain access to StudioNow’s industry-leading video production platform and 8,000 creative professionals, including directors, producers, animators, voice actors, editors, cinematographers, photographers, writers and other creative resources,” Dalton said in a release on Wednesday.
Financial terms of the deal were not disclosed.
StudioNow spun out from AOL last year and earlier this summer raised $5 million in financing. The Nashville, Tenn.-based company creates videos for major clients like Verizon (pictured), IBM, Toyota and Coca-Cola.