Telecom back-end services giant Amdocs has agreed to purchase video distribution and management specialist Vubiquity for $224 million, the companies jointly announced.
The deal was approved by the boards of both companies and is expected to close in the second quarter.
St. Louis-based Amdocs provides billing and customer support tools for the telecom industry, serving Tier 1 operators including AT&T, Sprint, T-Mobile and CenturyLink, just to name a few.
Purchasing Los Angeles-based Vubiquity will offer Amdocs an entry point into IP-based delivery of video content. Vubiquity services large media companies like Disney, pay TV operators including Comcast, and SVOD platforms including Netflix.
"With Vubiquity, we'll now be well-positioned to bring a rich content catalog of licensed content libraries and distribution to these customers all in a one-stop shop," said Anthony Goonetilleke, Amdocs' technology president, in a company-produced video announcement of the deal, released today.
Vubiquity was formed in 2009 through the merger of Avail Media and TVN Entertainment and rebranded under its current moniker from Avail-TVN in 2013. The company operates under CEO Darcy Antonellis, a former Warner Bros. CTO, who will now join Amdocs as head of the company’s media division.
“This acquisition uniquely positions Amdocs at the center of increased convergence across the content community and video distributors including major OTT providers,” said Eli Gelman, Amdocs president and CEO, in a statement. “Our joint offerings address the media and entertainment industry’s challenge in balancing the incredible growth of content and the many ways to consume content with making programming easier, faster to deliver and ultimately watch, while also delivering profits.”