Amagi has announced it has signed a definitive agreement to acquire the business of real-time live cloud remote production company Tellyo,
According to Amagi, the acquisition will boost its video toolset for live sports and news broadcasts, and improve live video streaming and editing experience for customers worldwide.
The deal also sees Amagi further expand its footprint in Europe. In bringing together Tellyo’s product development centre in Poland and Amagi’s technology centres in India and Croatia, the company said it expects to drive cloud innovation in the region in an accelerated manner.
Speaking about the deal, Amagi’s co-founder & CEO Baskar Subramanian, said “We are excited about the opportunities this acquisition presents for Amagi. Tellyo brings a wealth of expertise, a strong team, and innovative products that align perfectly with our strategic vision of being a frontrunner in the cloud-based live broadcast technology space. Together, we will not only enrich Amagi’s product offerings, but also bring investments in the Eastern European region and create new possibilities for local talent and global customers.”
Richard Collins, CEO, Tellyo added: “This move is a testament to our commitment in delivering outstanding value to our customers, employees and investors. We believe that joining forces with Amagi will provide us with the resources and scale to reach new heights. We are excited about the potential of what both our companies can offer.”