Amino has announced the acquisition of online video company 24i for €21.4 million.
The Amsterdam-based company counts NPO, iflix, KPN, PureFlix, RTE, NLZIET, Fox Sports, Globo and Sinclair Broadcasting Services among its customers.
According to Amino, the acquisition will enable Amino to deliver full ‘end-to-end’ and on-demand personalised content solutions to its customer base. It will also build momentum in Amino’s software and services revenues, as well as its recurring revenues.
“The fast-growing 24i is a great strategic acquisition for us, moving us closer to a decisive market leadership position. Not only does 24i’s leadership in UI/UX and TV/Online video Apps complement our product line-up, but 24i also shares our vision of where the industry is headed, and the agility and culture of innovation required to get it there profitably,” said Amino CEO Donald McGarva.
Martijn van Horssen, 24i Media’s CEO, added: “With our combined technology stacks and highly professional and motivated teams, our post-acquisition mission remains exactly the same: to provide the solutions and services that innovate video experiences across all TV platforms on any device to enable Amino customers to deliver valuable consumer engagements.”