OTT and IPTV software provider Anevia has sealed its acquisition of Grenoble-based compression specialist Keepixo after holders of over three quarters of its shares approved the deal at the company’s annual general meeting on Thursday.
Keepixo specialises in the development of video compression software for TV operators, to enable live or near-live broadcasts for multiscreen TV. The company has about 150 customers worldwide, including 40 tier one operators, according to Anevia. In 2017, Keepixo recorded sales of €0.9m and had 14 employees, most of whom are based in Grenoble.
Anevia initially announced the acquisition of Keepixo last month and said the move would low it to offer operators and broadcasters an end-to-end encoding, transcoding, storage, packaging and delivery solution that will meet new quality standards like 4K HDR and HEVC.
“We are delighted to announce this acquisition, which is consistent with our drive to provide a comprehensive range of solutions, from encoding through to broadcasting and storage. Keepixo shares our innovative ADN and its solutions feature the most advanced technologies in ultra HD and low-latency live broadcasting. This tie-up will strengthen our positioning at the heart of the OTT video value chain,” said Damien Lucas, Anevia’s co-founder and CTO.
“We have been working together for the last 10 years and teaming up with Anevia was a natural step. Our complementary technologies will extend our range and enable us to offer a genuine end-to-end solution. We are proud to be joining Anevia. Together, we will be in a stronger position to meet our operator and broadcaster clients’ expectations and provide them with solutions for the entire OTT TV processing chain,” said Keepixo’s COO Jérôme Blanc.