Amdocs has agreed to buy content services and technology provider Vubiquity for a cash price of roughly US$224 million.
“This acquisition uniquely positions Amdocs at the centre of increased convergence across the content community and video distributors including major OTT providers,” said Eli Gelman, Amdocs president and CEO.
“Our joint offerings address the media and entertainment industry’s challenge in balancing the incredible growth of content and the many ways to consume content with making programming easier, faster to deliver and ultimately watch, while also delivering profits.”
Vubiquity CEO Darcy Antonellis said: “Vubiquity has successfully been connecting content owners and distributors across many diverse platforms and evolving business models at the core of its support to the media community.”
“Our capabilities, coupled with Amdocs’ global scale and rich set of complementary solutions around monetisation, analytics and personalized customer experience will be truly unique, allowing us to deliver to a larger set of customers while solving key industry challenges.”
Vubiquitiy offers a range of live and on-demand products and services spanning live TV delivery, mobile TV, OTT content processing, transactional movies and pay per-view events. Upon completion of the deal, Antonellis will join Amdocs as head of the Amdocs Media Division.
Subject to closing conditions the deal is expected to be completed before the end of the second quarter.