An advanced video encoding and streaming solutions company has become an 8% shareholder of Anevia, a tech company focused on OTT and IPTV software for the delivery of live TV and video on demand (VOD).
The investor? Paris-based VITEC, which made the share acquisition via an over-the-counter transaction of a block of shares.
“As a digital video technology pioneer and leader, VITEC’s strategic development is driven by innovative solutions that deliver flawless video experiences. Anevia is a renowned solution provider with strong know-how in the field of OTT and IP software solutions,” said VITEC CEO Philippe Wetzel. “Like VITEC, innovation has always been at the heart of Anevia’s development, enabling its teams to constantly offer the most advanced technologies in its sector. This stake is confirmation of Anevia’s relevance and positioning in the market. We hope to contribute in accelerating the company’s development by offering our complementary expertise and access to our network.”
Anevia was founded in 2003 by the developers of the well-known VLC Media Player. Anevia is also known for advancing cloud DVR and multiscreen solutions, enabling viewers to watch TV wherever, whenever on every screen. Anevia software and solutions have been successfully adopted by TV broadcasters, tier 1 and tier 2 telecommunication service providers, and many private and public companies.
Most recently, Anevia has undergone a major transformation within its product offering as well as cost restructuring within some areas of the organization. These actions have resulted in a return to growth, and allowed Anevia to improve its profitability.
Combining broadcasting with live streaming capabilities, VITEC features the most extensive H.265 (HEVC) and H.264 offering on the market. The company deploys its streaming appliances and IPTV and digital solutions across a broad range of sectors that include broadcast news agencies. Its clients include Feature Story News (FSN).