VITEC has acquired the Flamingo hospitality and enterprise video delivery business of Anevia, provider of OTT and IPTV software solutions. The acquisition builds on VITEC’s core enterprise IPTV business following the acquisition of Exterity in April 2021, it is hoped it will position VITEC as the global leader in enterprise and hospitality IPTV solutions.
Following the acquisition of Exterity, VITEC identified the opportunity of combining the hospitality and enterprise components of the Anevia business with its own offer to further expand into in the enterprise and hospitality markets. Anevia’s parent company ATEME and VITEC already had an existing business partnership which enabled a rapid identification of the benefits to Anevia customers by mapping out a strategy to integrate the Flamingo products into VITEC’s enterprise IPTV platform.
ATEME will continue to focus on its core business of video-delivery software for broadcast, cable, DTH, IPTV and OTT, and this transaction will provide existing Flamingo users with a long-term video delivery solution for hospitality and enterprise applications. ATEME acquired Anevia in 2020.
“This acquisition is a statement of our commitment to expanding our reach in the enterprise and hospitality markets,” said Colin Farquhar, senior vice president sales, at VITEC. “Anevia is especially strong in the hospitality sector in Europe and the Middle East, and we value its experience in these regions greatly as we seek to further develop our presence. Existing Anevia customers can rest assured that it is ‘business as usual’, and they will continue to receive the same levels of service, plus new platform innovations from the VITEC team. We are excited to work with Anevia to further enhance VITEC’s rounded offering.”
Laurent Lafarge, Chairman and CEO of Anevia, added: “We are excited to integrate Flamingo and our Enterprise and Hospitality business with VITEC, which is committed to delivering excellence to the marketplace, and look forward to seeing the impact of the combined VITEC and Anevia solutions across Europe and the Middle East. Crucially, this 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.”