Flamingo, the Anevia corporate and hotel video distribution business that was commercialized by Ateme, becomes part of the Vitec portfolio.

With this move, coupled with the acquisition of Exterity in April 2021, Vitec seeks to position itself as a world leader in IPTV solutions for business and hospitality. Ateme, meanwhile, will move to focus more deeply on its core business area: providing video distribution software for broadcast, cable, DTH, IPTV and OTT.

In 2020, Ateme acquired Anevia, a leading provider of OTT and IPTV software solutions, as a means to address the growing IPTV and OTT opportunity by combining its video compression solutions with the Anevia content delivery solutions (which, incidentally, has a stake acquired by Vitec in 2017). The existing business partnership between Ateme and Vitec has favored, Vitec itself notes, that both parties quickly agreed to optimize the collaboration.

Colin Farquhar, senior vice president of sales at Vitec comments that this acquisition “is a statement of our commitment to expanding our reach in the enterprise and hospitality markets.” “We are excited to work with Anevia to further enhance Vitec’s rounded offering,” he adds. On the other hand, Laurent Lafarge, president and CEO of Anevia, stresses that this move “will also free Ateme to focus on its priority OTT market through the combination of the compression solutions it already had and the content delivery solutions it acquired from Anevia.”

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For • 5 Nov, 2021
• Section: Business, TV Corporate