Amagi signs definitive agreement to acquire Tellyo

Amagi has signed a definitive agreement to acquire the business of Tellyo, a real-time live cloud remote production, clipping/editing and social sharing platform. This development is set to enhance Amagi’s video toolset for live sports and news broadcasts, and improve the live video streaming and editing experience for customers worldwide.

Tellyo empowers media and content teams to produce compelling live video that can be streamed to multiple digital and social media destinations using Stream Studio. The company enables branded video clips, highlights and compilations to be created and published to channels simultaneously and instantly, from anywhere, all with one click.

Amagi co-founder & CEO Baskar Subramanian said: “We are excited about the opportunities this acquisition presents for Amagi. Tellyo brings a wealth of expertise, a strong team and innovative products that align perfectly with our strategic vision of being a frontrunner in the cloud-based live broadcast technology space. Together, we will not only enrich Amagi’s product offerings, but also bring investments in the Eastern European region and create new possibilities for local talent and global customers.”

Richard Collins, CEO, Tellyo, said: “This move is a testament to our commitment in delivering outstanding value to our customers, employees and investors. We believe that joining forces with Amagi will provide us with the resources and scale to reach new heights. We are excited about the potential of what both our companies can offer.”

“We are committed to ensuring a smooth transition for Tellyo’s clients, employees and partners during this exciting phase. Our collective team is energised and ready to embark on this journey, leveraging our shared values, vision and passion for excellence,” said Srinivasan KA, co-founder and chief revenue officer, Amagi.

With this agreement, Amagi expands its footprint in Europe. Last year, the company set up its development centre in Croatia, its first outside India. By bringing together Tellyo’s product development centre in Poland and Amagi’s facilities in India and Croatia, Amagi expects to drive cloud innovation in the region in an accelerated manner.