Ever heard of On2? Well many didn’t but you might be surprised to know that nearly all of you use their product each time you play a Youtube video. On2 is the company whose codecs are used in compression of high quality videos especially for streaming purposes. Its compression solution are used in Adobe Flash Player, Web2.0, Mobile phones and embedded devices.

Today Google announced that On2 Team is now part of Google as a result of a 125M$ Deal. This enhances the video capabilities of the Web Giant once in for all.