Cloud platform provider Akamai will pay an undisclosed amount of cash to acquire Verivue, the two companies said in a news release Tuesday. The plan is to fold Verivue into Akamai's Aura Network Solutions to "accelerate time to market in providing a comprehensive, licensed content delivery network (CDN) solution for network operators."
Those network operators include an increasing number of IPTV service providers who want to leverage CDNs to improve their performance and manage multiscreen offerings for content publishers, OTT content aggregators, application developers and set-top box vendors.
"Verivue has done an impressive job of building a licensed content delivery infrastructure and getting it deployed with several important operators," said Akamai's Mick Scully, vice president and general manager of the company's carrier products division.
Verivue, he said, will "complement our roadmap for creating a comprehensive operator CDN solution" via its "relationships with hundreds of network operators" who will now be able to access Akamai's platform.
"Joining forces with Verivue will allow us to help operators maximize content revenues and network efficiencies as the flood of media and video traffic increases," Scully said.
Verivue, which was founded in 2006, will be able to better serve a growing base of operators looking to expand their offerings across a plethora of multiscreen options, said the company's CEO James Dolce.
"Operators are looking for services to drive revenue, such as advanced cloud capabilities, or by providing licensed content to users on a variety of IP-connected devices," Dolce said. "By combining our teams, we believe we can help meet this immediate market opportunity."
- Akamai issued this news release
Akamai leverages cloud to simplify online video distribution
Verivue launches new CDN solution for service providers