Video distribution software provider Alpha Networks has announced the acquisition of French tech company Veygo.
The pair have been collaborating for five years with the deployment of a number of projects across Europe and LATAM. This includes collaborating on a project for Argentinian cable operator TeleCentro.
Veygo’s main focus is its secure video player, Veygo Meta_Player , which enables premium live and VOD content delivery and playback with multi device HTML5 and native applications.
Alpha Networks said that the acquisition ensures an improved level of monitoring for its customers, while also opening the potential of future expansion into markets including the US.
Guillaume Devezeaux, CEO at Alpha Networks, said: “Veygo has been a trusted partner for Alpha Networks, and it has concretely set the benchmark for multi-DRM secure video players, by allowing us to deliver best-in-class solutions to our customers. We believe this acquisition will help us reinforce the technological prowess of every component of our video platforms and operating leverage, as we continue to innovate with our products.”
Jean-Christophe Perier, founder of Veygo, said: “We’re happy to be part of the Alpha Networks’ Group. The acquisition will enable us to deliver enhanced features and accelerate the deployment of our solution on different regions relying on the global footprint of Alpha Networks and the pre-integration with its products.”
The deal comes during a period of expansion for Alpha Networks, and shortly after the acquisition of turnkey tech business Kinow.