IIRC, their CMS was supposed to be the Holy Grail of video management. Centralized and decentralized storage, processing farms, search-by-image, advanced tagging, etc. Sounded quite impressive but from what I understand, there are now commercial solutions that have some of those feature sets. The way they explain it, when they started no one had these features.

...which it was. One of the big features was the ability to edit video in a lower bitrate (i.e. faster to work with) then send it off to a server to process on the full HD video. Great idea, but apparently it was a total mess to work with.