Streaming technology stalwart Brightcove has agreed to be acquired by a company called Bending Spoons, at a valuation of $233 million. Around the time of its IPO in 2012, Brightcove was hyped as a company with multi-billion-dollar market potential, but given recent macroeconomic turbulence, this looks like a fair deal all-round for shareholders. Brightcove’s bailout is further evidence that SaaS-based video is not all plain sailing. Vendors like Brightcove (and Harmonic) are struggling to meet big expectations, struggling to make hay at cost-conscious tier 1s, and struggling to generate sufficient revenues from the low hanging fruit of the streaming revolution, which is still not snowballing fast enough. The deal concludes a comprehensive strategic review process, with Brightcove’s Board unanimously determining…