In a bid to boost its online video offering, Yahoo has acquired video streaming firm RayV. The financial terms of the deal were not disclosed. RayV is an Israeli based startup that specializing in streaming high-quality video to computers and mobile devices. Founded in 2005, the members of RayV will join Yahoo's research and development center in Tel Aviv. "At Yahoo, we are focused on building a video offering that delivers best-in-class quality and content, and can be streamed on-demand and live, on all platforms. The RayV team shares our passion for innovation and commitment to build a video infrastructure to deliver the ultimate video experience to our users. RayV has built a compelling technology that enables improved high quality streaming for online and mobile content partners", said P.P.S. Narayan, VP of cloud platforms and services at Yahoo, in a company blog post. Yahoo has been focusing on mobile offerings under Marissa Mayer's reign for over two years. The company has increased its mobile users base and it surpassed the desktop users in May this year.
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