Vitec has enhanced its position in IP video streaming with the acquisition of the Flamingo hospitality and enterprise video delivery business of Anevia from Ateme. This builds on Vitec’s core enterprise IPTV business and, coupled with the purchase of Exterity in April, positions Vitec as a leader in enterprise and hospitality IPTV. It means Ateme can 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 partner for hospitality and enterprise applications.
Ateme only acquired Anevia in 2020, looking to grow its IPTV and OTT offerings by combining its video compression systems with Anevia’s expertise in content delivery. However, when Vitec bought Exterity in April 2021, it saw an opportunity to combine the hospitality and enterprise components of the Anevia business with Vitec to expand its offering in the enterprise and hospitality markets. As Ateme and Vitec have an existing business partnership, they were able to come to a rapid agreement on integrating Flamingo into Vitec’s enterprise IPTV platform.
The acquisition builds on Vitec’s strong position in IPTV
Colin Farquhar, SVP sales, Vitec, said: “This acquisition is a statement of our commitment to expanding our reach in the enterprise and hospitality markets. 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.” He assured existing Anevia customers will continue to receive the same levels of service, plus new platform innovations from Vitec.
Laurent Lafarge, chairman and CEO, Anevia, said: “We are excited to integrate Flamingo and our enterprise and hospitality business with Vitec. 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.”