VITEC has announced it has become a shareholder of Anevia, which specialises in OTT and IPTV software for the delivery of live TV and video on demand (VOD). VITEC now owns 8% of Anevia's share capital through an over-the-counter transaction of a block of shares.
Recently, Anevia has undergone a major transformation within its product offering as well as cost restructuring within some areas of the organization. These actions have resulted in a return to growth and allowed Anevia to improve its profitability.
Philippe Wetzel, CEO of VITEC, said: “Anevia is a renowned solution provider with strong know-how in the field of OTT and IP software solutions. Like VITEC, innovation has always been at the heart of Anevia's development, enabling its teams to constantly offer the most advanced technologies in its sector. This stake is confirmation of Anevia's relevance and positioning in the market. We hope to contribute in accelerating the company's development by offering our complementary expertise and access to our network."
Laurent Lafarge, CEO of Anevia, said: “I am very delighted to see VITEC joining Anevia's shareholders. This is a strong sign of the international recognition of Anevia technology. I am convinced that this first step will initiate a collaboration that should contribute to the future growth of Anevia — particularly in the enterprise market segment, building on VITEC's experience in many industrial sectors, notably sport, education, medicine, and transport."