January 31, 2018
Amdocs, a provider of solutions to communications and media companies, Jan. 30 announced it has entered into a definitive agreement to acquire Vubiquity, a provider of premium content services and technology solutions, for approximately $224 million in cash.
The deal is expected to be completed before the end of the second quarter of fiscal 2018.
Vubiquity CEO Darcy Antonellis will, upon completion of the deal, be joining Amdocs as head of the Amdocs Media Division.
The companies plan to deliver enhanced digital content capabilities for network operators, video distributors, OTT companies, content owners and content producers, according to the Amdocs release.
The combination of Vubiquity’s expertise across the content ecosystem and Amdocs’ proven, scalable solutions enables customers to quickly improve entertainment offerings and maximize revenues while gaining increased customer insights from content consumption, according to the release.
“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. “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.”
“Vubiquity has successfully been connecting content owners and distributors across many diverse platforms and evolving business models at the core of its support to the media community,” Antonellis said. “Our capabilities, coupled with Amdocs’ global scale and rich set of complementary solutions around monetization, analytics and personalized customer experience will be truly unique, allowing us to deliver to a larger set of customers while solving key industry challenges. This includes helping video distributors deliver additional profitable offerings, as well as enabling content owners to focus on content creation and maximizing licensing revenues.”
Amdocs and Vubiquity can deliver unparalleled cloud solutions using a modern modular micro-services architecture across all aspects of delivery and user experience, including video acquisition, processing, consumer engagement and monetization, the release stated.
Vubiquity, based in Los Angeles, has worked with more than 600 leading film studios, television networks, and independent producers. Vubiquity has an international footprint in 121 countries and manages a 150,000-plus asset library, providing superior quality and high volumes of assets for predictable day and date delivery.