V-cube, a Japanese web-conferencing company, agreed to buy all of Xyvid, a Pennsylvania firm that produces and streams large webinars and virtual events. It paid about ¥1.65 billion upfront, with further payments of ¥1.71 billion to ¥4.29 billion tied to results through 2022. About Xyvid Xyvid is based in Langhorne, Pennsylvania, and serves Fortune 2000 companies with studio-quality web broadcasts and continuing education events for up to 100,000 people or more. Its XyvidPro software is built for high audience engagement. It had sales of about ¥589 million and an operating profit of about ¥179 million. Founder and president David Kovalcik stayed on to lead it. A big earn-out The extra payments tied to results through 2022 could be worth more than twice the upfront price. V-cube founder and chief executive Naoaki Mashita said Xyvid's mix of software and services was very similar to V-cube's own event business. Drake Star advised Xyvid.
