KIT Digital acquires Sezmi assets

KIT Digital, the cloud-based software provider for multiscreen video management and delivery, has closed the asset purchase of US OTT specialist Sezmi. KIT Digital paid consideration of approximately US$27 million (€21 million) in a mixture of stock and cash, plus earn-outs for Sezmi. As part of the transaction, the company has acquired 18 patents related […]

Sezmi shuts down US consumer service

US over-the-top video specialist Sezmi has shut down its consumer service. Users of the hybrid service (concentrated in the Los Angeles area), which delivers pay TV and on-demand services via the internet to complement digital over-the-air broadcasts, will continue to be able to access the Sezmi VOD catalogue until November 1. Sezmi has over the […]