M&A

M&A

Amagi acquires UK-based sports video sharing platform Tellyo

INC42  

Bengaluru-based media-tech unicorn Amagi is to acquire the business of Tellyo , a UK-based real-time live cloud remote production, clipping/editing, and social sharing platform. The deal is expected to help Amagi boost its video toolset for live sports and news broadcasts and improve live video streaming and editing experience for customers across the world. The acquisition will also help the company expand its footprint in Europe and drive cloud innovation in the region in an accelerated manner. Founded in 2012 by Jakub Majkowski and Mariusz Ostoja-?wierczy?ski, Tellyo enables media and content teams to produce compelling live video that can be streamed to multiple digital and social media destinations using Stream Studio. The firm counts Russia's GS Group among its investors. This is Amagi's second acquisition after purchasing Streamwise, a US-based data platform for content distributors, in November last year.