IPTV company Amino has acquired Booxmedia, the Finland-based cloud TV platform provider, for an initial consideration of €7.9m.
Amino hopes the acquisition will enable the company to offer “TV everywhere” solutions to new market segments in OTT multiscreen TV.
Founded in Helsinki in 2009, Booxmedia is a Software-as-a-Service (SaaS) cloud TV platform provider. Its core product suite enables operators and service providers to launch “TV everywhere” services using an “off the shelf” cloud platform, removing the need to build their own bespoke technology infrastructure.
The solution encompasses media capture, encoding, transcoding, storage and delivery and provides ready-to-deploy “TV as an app” for iOS, Android and Windows mobile devices as well as any browser enabled devices, including smart TVs, games consoles, set-top boxes and home gateways.
“This important acquisition is closely aligned with our stated strategy and vision of the future of entertainment and the major industry shift towards TV viewing anytime, anyplace, anywhere,” comments Donald McGarva, Chief Executive Officer of Amino Technologies. “Complementary to our current offering, we will now also be able to provide a new, proven and scalable solution to additional markets both within the mobile space and the wider OTT marketplace.”