Ooyala and ESPN Team Up, Evernote Buys Skitch and Google Settles Suit

Every week, Mountain View makes news with technology developments, discoveries and sometimes controversies.

Today, Mountain View Patch brings you “Bits and Bytes,” where we’ll relay the past week’s news highlights from our backyard giants, start-ups and small businesses alike.

500 Startups held its second Demo Day on Tuesday, Aug. 16 at the accelerator's office space on 444 Castro St. The second class of companies members of the accelerator, which gives early stage investment dollars to startup companies that focus on design, data and distribution, had a "strong international and female founder thread," founder Dave McClure told TechCrunch. His next group of startups could come from South America and would start in October.

Maybe Rebecca Black might have been on to something by singing an original song on YouTube. After a four-year long battle, Google and the National Music Publishers Assn. reached a licensing agreement whereby YouTube will share its ad revenue with the artists who songs are covered by aspiring artists, or not, and posted on the video site.

Mountain View-based Ooyala is ready to playball. The video streaming and services company inked a deal with ESPN to help the sport broadcaster's website load videos with better quality faster. Not only that, Ooyala's backend helps provide realtime analytics and per-user, per-video tracking. According to Ooyala's blog now "fans can watch on mobile devices, media tablets, browsers, set-top boxes, connected TVs—whatever device or platform they want."

The Evelyn Avenue company Evernote announced that it acquired Skitch, an Australian company that created an app, which let's you "capture, annotate and share images." According to Evernote, they acquired Skitch to help Evernote users do more stuff with the images the took.

After a year of lackluster stock value, on Friday, Aug. 19 Intuit had its highest gain all year following an earnings released that showed "fiscal fourth-quarter revenue increased 10 percent," according to Bloomberg news. The result was good news for investors for two reasons: not only did the stock price rise, but shareholders will also get a .15 cent a share dividend--for the first-time ever!