Akamai buys OTT and IPTV technology firm Octoshape

Akamai has bought cloud OTT and IPTV service provider Octoshape, in a move that gives Akamai access to streaming video optimisation technology.

Octoshape’s services are designed to optimise the quality of video streams for over-the-top (OTT) content and to enable internet protocol television (IPTV) solutions.

“With the addition of Octoshape, Akamai intends to provide customers with the most comprehensive suite of video delivery and optimisation technologies,” said Akamai CEO Tom Leighton.

“We believe this acquisition will bolster our strategy to further the deployment of Akamai software into devices, carrier networks, enterprises, and homes, and to fulfil the promise of an internet that is fast, reliable and secure on any device, anywhere.

“As more video gets consumed over the internet, and on devices that can display higher-quality resolution, it is important for us to develop new ways to acquire, transform and distribute the highest-quality media for broadcast-size audiences. We are working to continue to extend our platform to accommodate video throughput increases that come from the adoption of 4K, and to support a potential 100-1000X increase in network traffic in the future.”