Zattoo has acquired cloud-native media integration platform Green Streams in a move the company says will strengthen its position as a leading TV platform provider.
According to the company, the integration of Green Streams’ platform will enable it to “significantly accelerate” its technological development.
Zattoo added that the deal will allow it to build an operator-centric TV platform for Europe, enabling it to mix in-house and third-party components to deliver tailor-made TV and streaming offerings.
Speaking about the move, Roger Elsener, CEO of Zattoo said: “The acquisition of Green Streams is a milestone for Zattoo. It adds highly flexible, modular solutions perfectly tailored to network operators and international partners. This move not only cements our leadership in Europe but also unlocks global growth opportunities in a rapidly expanding market. It accelerates our technological progress and delivers solutions that set new benchmarks for efficiency and scalability.”
Gernot Jaeger, co-founder and CEO of Green Streams, added: “This is a significant moment for Green Streams. Together with our committed investors, we set out to equip operators with agile, modular and powerful tools for success in TV and entertainment. We’re delighted that our technology will enhance Zattoo’s strong portfolio. Together we can shape the next generation of TV and streaming platforms and set new standards across the industry.”
