Video software provider Synamedia has acquired cloud video delivery platform Quortex to enhance its cloud video network capabilities.
Synamedia said the platform will complement its VIVID workflow as-a-service (WaaS) with products for OTT content processing, disaster recovery, long tail content processing for large service providers, and live events.
Julien Signes, EVP and general manager of Video Network, Synamedia, said: “By pioneering just-in-time video streaming processing and delivery, Quortex has broken new ground with live services that dynamically spring to life when processing a user request. This radical change in the economics of cloud processing will accelerate the migration of live video services to the cloud.”
Signes added that Synamedia sees “enormous potential as we expand Quortex’ reach globally, for the fast-growing D2C live streaming market as well as our traditional service provider customer base that wants to reduce infrastructure costs and meet CO2 reduction commitments.”
Quortex was founded in Rennes, France in 2018 by a team of video industry experts with more than 100 patents. Customers include beIN Group Media, M6 and Red Bee Media. The company’s employees in France and the UK will be joining Synamedia, and its technology will form part of Synamedia’s Video Network portfolio. Quortex will continue to operate under its own brand.