Amdocs agreed to acquire Vubiquity, a Los Angeles-based company that provides professional video content management services, for approximately $224 million in cash.
Vubiquity works with over 600 leading film studios, television networks, and independent producers. It manages a 150,000+ asset library, providing superior quality distribution
Amdocs said Vubiquity’s capabilities are of increasing importance to its 350+ communication and media service provider partners.
“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,” said Vubiquity CEO Darcy Antonellis, who will, upon completion of the deal, be joining Amdocs as head of the Amdocs Media Division.
