Commenting on the transaction, 24i CEO Joachim Bergman said: “Nordija’s solid base of pay-TV clients rightly value its robust and stable platform and the expertise of its staff. Our companies share a common vision of a market that’s swiftly embracing the TV as a Service (TVaaS) model, offloading the day-to-day burden of managing and maintaining their end-to-end technology platform to expert partners like us. 24i is already making this vision a reality for customers like Youfone and Kabelnoord and will now combine the expertise of the two companies to drive the development of our TVaaS offering, enabling us to rapidly scale it to a wider audience in our key markets”.
Nordija CEO Thomas Christensen, who now becomes 24i’s CTO and head of TV platforms, added: “Nordija was founded on the belief that great solutions come from great collaboration. We are excited to get started on our collaboration with the 24i team. Culturally, 24i and Nordija are a great fit and by joining forces we’ll be able to quicken the pace at which our combined platform develops to meet the needs of increasingly demanding video consumers”.
Bergman continued: “Our goal is to help our customers successfully navigate the shifting demands of the pay-TV and OTT markets. The convergence of pay-TV and streaming presents many opportunities and with 24i’s 12-year track record in streaming added to Nordija’s 20+ years in pay-TV, we make an unbeatable team. Our combined skills and expertise will deliver real business benefits to our customers – enabling them to worry less about technology and focus more on what they do best – creating and curating great content to delight their subscribers and viewers”.
Nordija develops and markets software that helps telcos, cable TV operators and ISPs deliver a rich, interactive, and user-friendly TV and VOD experience.
Being a Danish pioneer in the Scandinavian IPTV development, Nordija has a strong position in the Nordics. Over recent years it has grown its footprint by marketing its fokusOn solution internationally via value-added resellers or system integrators. Today, Nordija has customers throughout Europe, the Middle East, North America and the LATAM market, serving more than 2.5 million end-user devices end-user devices.
Amino Technologies has two operating companies: 24i, which focusses on streaming video experiences and Amino, which connects pay-TV to streaming services.
Earlier this month, Amino failed in its bid to acquire the assets of US streaming platform MobiTV.