I’m really pleased to announce that a startup I helped co-found, Live Matrix, has been acquired by OVGuide, a leading video portal.

TechCrunch covered the deal here.

The new combined company is a unique powerhouse in the online video space – covering the entire life cycle of online videos from when they are upcoming, to when they go live, to when they are on-demand.

Sanjay Reddy, my co-founder, and friend, has done an amazing job bringing our vision to life. The deal with OVGuide is a big step forward in the evolution of this project. I look forward to great things from the combined company. Congratulations to the team, and my thanks to our loyal and helpful angel investors. It’s been a very interesting project to be a part of.