Vitec acquires Anevia hospitality and corporate video delivery business

Vitec, a provider of IP video streaming systems, has acquired the Flamingo hospitality and enterprise video delivery business of Anevia from Ateme.

This acquisition follows Vitec’s acquisition of Exterity in April 2021.

Ateme will continue to focus on its core business of video-delivery software for broadcast, cable, DTH, IPTV and OTT, and this transaction will provide existing Flamingo users with a long-term video delivery system for hospitality and enterprise applications.

In 2020, Ateme acquired Anevia, a provider of OTT and IPTV software systems, as a means to address the growing IPTV and OTT opportunity by combining its video compression systems with Anevia’s content delivery systems. 

Following its acquisition of Exterity in April 2021, Vitec identified the opportunity to combine the hospitality and enterprise components of the Anevia business with Vitec to further expand its offering in the corporate and hospitality markets.

Ateme and Vitec have an existing business partnership which enabled an identification of the benefits to Anevia customers by mapping out a strategy to integrate the Flamingo products into Vitec’s corporate IPTV platform. 

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