Alpha Networks said the acquisition would expand its Tucano back-end capabilities, enabling it to better serve its customers.
Hubee’s front-ends will be integrated with Alpha Networks’ Tucano back-end, providing solutions for media companies and network operators that want to quickly deliver next-generation content services.
The acquisition also brings additional video expertise to Alpha Networks, in particular, ad-insertion features and accurate EPG services, the company said.
“We are proud and excited to bring together two companies that share the same values and market vision. This acquisition will allow us to deliver additional value to our customers and partners by providing them with competitive solutions and TV expertise for increased content monetisation,” said Kris Warreyn, CEO at Alpha Networks.
“This transaction allows Hubee to continue its development with the help of a market-leading back-end with telco-grade capabilities and highly scalable and modular approach. I will join the advisory board at Alpha Networks and look forward to contributing to Alpha Networks’ future success,” said Frédéric Pie, chairman and founder of Hubee.