Founded in 1999, the company is a veteran of the mobile applications industry. Its first product, the SmartPhone Emulator, released in April 2000, was the first on-line WAP handset emulator providing a pixel-perfect accurate emulation. In 2005, the company spearheaded the concept of user-generated short form video content on mobile devices by launching the highly successful 'SeeMeTV' community in partnership with the mobile operator "3" in the UK, followed quickly afterwards launches throughout the UK and beyond. The company won numerous awards including being voted number 1 in Real Business' Top 50 Companies to Watch in Mobile, and winning the prestigious Mobile Innovation Award 2006 from the Mobile Entertainment Forum.
In February 2007, the company was acquired by EMAP Consumer Media plc for £8.7 million. In 2008, Yospace launched yospaceCDS, a SaaS version of the video technology it had been developing for its own consumer services so it could be used as a platform for digital publishers, media production houses and software developers alike to take video content out to mobile devices quickly and affordably.
In March 2009, as part of Bauer Media's strategy review, it sold its interest in Yospace to private investors. The company operated as an independently-owned business until its
acquisition by RTL Group in January 2019.