Aperi product portfolio sold to Net Insight for $1.2m
Aperi’s live IP media virtualisation platform and its software product portfolio have been acquired by Net Insight in a deal worth $1.2m.
The acquisition is said to support Net Insight’s growth strategy which is focussed on investment in its core Media Networks business area.
In a statement, Aperi said that the deal would help to “fully capitalise on the fast-growing market acceptance” of its technology, adding that it “has been looking for a larger home for its product portfolio and team. As a reliable key partner and leader in the industry’s transition towards a continuously improved media experience, Net Insight is the ideal new home.”
As part of the transaction, eight Aperi engineers will join Net Insight to continue to drive development and support of the Aperi products.
Discussing the sale, Joop Janssen, the chief executive of Aperi said: “The Aperi product line, with its unique low-latency V-Stack hypervisor and open App/microservices store concept, will benefit from Net Insight’s global leadership, 20 plus years’ experience in media networking and strong development track record.
“I’m very happy that the original vision of Aperi’s founders – Eugene and Brian Keane – and the engineering team will not only move forward, but further prosper within the larger Net Insight group.”
In addition to the full product portfolio, the acquisition also includes IPRs, brand and inventory from Aperi. Eight engineers have also been transferred to Net Insight as part of the deal. It is not clear how many people were previously employed by Aperi.
Ulrik Rohne, the VP of Media Networks at Net Insight, added: “By adding the Aperi products to our portfolio, we complement and strengthen our offering. We share the Aperi product vision of an open and virtualised software architecture and are excited to welcome the team of skilled engineers to Net Insight and to continue supporting existing and new
Aperi launched in 2016. In the four years that followed, a number of media service providers and media companies have adopted the company’s low-latency, software-based media processing platform as part of their live production and transport services workflows.
Aperi is often praised for its work in the field of native-IP, FPGA accelerated Media Function Virtualisation.