Allot Communications, a provider of service optimisation and revenue generation solutions for fixed and mobile data networks worldwide, has signed a definitive agreement to acquire Oversi Networks, a global provider of rich-media caching and content delivery solutions for Internet video and peer-to-peer (P2P) traffic.

“The acquisition of Oversi is another step in realising our Service Gateway vision,” commented Rami Hadar, Allot’s President and CEO. “By adding video caching, Allot now offers its customers a comprehensive video solution that includes the critical caching and optimisation services required to manage the ever-increasing volume of over-the-top video on the Internet. Over the past year, we have seen an increase in customer interest in video caching solutions, which made clear to us the critical need for Allot to own a leading solution in this growing market instead of reselling a third-party offering. With our shared vision of enabling service providers to monetise video traffic, we are excited about incorporating another excellent team and product offering into Allot.”

Other posts by :

1. AST SpaceMobile: “Good for indoor reception”
2. EchoStar booms on SpaceX holding
3. Norway wants a satellite constellation
4. Crossroads backs AST SpaceMobile
5. FCC examines SpaceX’s 15,000 sat-constellation plan
6. EchoStar: “Severe uncertainty” led to spectrum sales
7. Netflix gets downgrade on Warner Bros move
8. UK trims Orbex investment
9. Euro-bank sets up €500m space fund

Categories: Articles, Business, M&A, Video