Amino acquires online video specialist 24i
24i enables Amino to broaden and deepen its TV and online video solution portfolio to further its high-growth strategic evolution
Cambridge, UK, 15 July 2019 – Amino Communications, the global media and entertainment technology solutions provider, today announced that it has acquired the privately-held Amsterdam headquartered 24i, an industry leading provider of online video solutions and services.
“The fast-growing 24i is a great strategic acquisition for us, moving us closer to a decisive market leadership position. Not only does 24i’s leadership in UI/UX and TV/Online video Apps complement our product line-up, but 24i also shares our vision of where the industry is headed, and the agility and culture of innovation required to get it there profitably,” said Amino CEO Donald McGarva. “
Flexible and future-proof, 24i’s award-winning technology framework and portfolio of products and services power the video experiences of leading entertainment brands around the world, including NPO, iflix, KPN, PureFlix, RTE, NLZIET, Fox Sports, Globo and Sinclair Broadcasting Services. 24i provides the Amino Group with a broader and deeper product set, talented development capability, complementary skills and a greater geographical reach through offices in Amsterdam, Netherlands; Brno, Czech Republic; Los Angeles, USA; Madrid, Spain; New York, USA and São Paulo, Brazil.
Martijn van Horssen, 24i Media’s CEO said: “In a rapidly changing industry, Amino and 24i are joining forces to innovate and create disruptive video experiences. With our combined technology stacks and highly professional and motivated teams, our post-acquisition mission remains exactly the same: to provide the solutions and services that innovate video experiences across all TV platforms on any device to enable Amino customers to deliver valuable consumer engagements.”
“The broadcast and online video market is undergoing rapid change, but not every media business is at the same place on the disruption curve taking the industry from broadcast and hardware to streaming and cloud hosted video platforms. It’s our strategic aim to provide solutions to media businesses and operators at many points along the curve. The acquisition of 24i and its products, services and people enable us to do this better, as we continue to enable exciting next generation video experiences and services,” concluded McGarva.
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For further information on the structure and value of the acquisition, please visit: https://investor.aminocom.com/
About Amino Communications
Amino is a global leader in media and entertainment technology solutions and an IPTV pioneer, working with over 250 operators in 100-plus countries. Drawing on more than 20 years’ experience delivering IP/cloud innovation, Amino enables operators to meet the challenges they face as broadcast TV and online video moves to an all-IP future with managed over-the-top (OTT) offerings. We are expert in software, hardware and cloud implementation – able to deploy our own leading-edge technologies and integrate these with third-party and ‘upcycled’ legacy systems. At the forefront of the evolution of TV Everywhere, Amino helps operators to provide the features and functionality modern consumers are looking for in a multiscreen, multi-device entertainment world.
Having deployed over 10 million customer premise devices and the software necessary to link the back end to the user interface, we understand the issues operators face. We partner with operators to deliver end-to-end, operator-ready solutions that enable next-generation customer experiences. We ‘upcycle’ existing infrastructure to support more advanced services and integrate seamlessly with new technologies to form a unified ecosystem. The result is a fresh consumer offering based on a consistent user experience across all screens, building brand reputation, stemming churn, growing subscribers and increasing average revenue per user (ARPU).
Amino Communications is a wholly-owned subsidiary of Amino Technologies PLC and listed on the London Stock Exchange Alternative Investment Market (AIM: symbol AMO), with headquarters in Cambridge, United Kingdom, and global offices in California, Finland, Hong Kong and Portugal. For more details, visit http://www.aminocom.com
T: +44 (0)20 7486 4900