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PARIS — November 04, 2021 — VITEC, a worldwide leader in IP video streaming solutions, has acquired the Flamingo hospitality and enterprise video delivery business of Anevia from ATEME. This acquisition builds on VITEC's core enterprise IPTV business and, coupled with the acquisition of Exterity in April 2021, will position VITEC as the global leader in Enterprise and Hospitality IPTV solutions. 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.
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 Anevia's content delivery solutions. Following its acquisition of Exterity in April 2021, VITEC identified the opportunity to combine the hospitality and enterprise components of the Anevia business with VITEC to further expand its offering in the Enterprise and Hospitality markets. ATEME and VITEC have 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.
"This acquisition is a statement of our commitment to expanding our reach in the enterprise and hospitality markets," says 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, says: "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."