AMSTERDAM, THE NETHERLANDS – 24i Media, an industry-leading streaming applications developer for the world’s top media companies, announced that it has acquired Vigour, a leading multiscreen video platform provider. The acquisition further enhances 24i’s leadership position globally and accelerates its innovation and growth, with its technology platform at the heart of its ambitions.
Dutch video technology providers 24i and Vigour have joined forces to build a powerful, innovation driven partnership within the global market that will develop foundational multiscreen solutions to meet the evolving needs of today’s digital subscribers. With the acquisition of Vigour, 24i executes on its vision to drive innovation for video application technology, grow its international market share and build the most talented team in the industry. For Vigour, the acquisition provides an opportunity to expand the reach of its unique multiscreen vision across a much larger network, within an environment that provides the optimal operational conditions for the execution of a shared vision.
The acquisition will result in a unique combination of Vigour’s innovation, design, and engineering expertise with 24i’s industry knowledge, platform and full range of solutions and technology. The combination will enable the creation of an integrated set of flexible products for creating cross-screen, personalized Internet TV applications, better positioning 24i to help companies rapidly develop OTT business models and capture new revenue streams in the high-growth and fast evolving market.