Aferian plc was today [March 6th] suspended from the London AIM index as it announced that it intended to appoint administrators. It has now sold its operating subsidiaries – 24i and Amino – both to Sapphire Technology.

The UK-based company said it had filed a notice of intention to appoint David Hudson and Philip Armstrong of FRP Advisory Trading as joint administrators of Aferian. Its board said the move was taken to protect the interests of the company’s creditors. However, Aferian said the expected proceeds from the sale will be significantly lower than the €15.1 million outstanding on the group’s secured banking facilities, meaning shareholders are unlikely to receive any return.

Reacting to the sale to Sapphire Technology – Sebastian Braun, CEO of 24i, commented: “This marks a decisive new chapter for 24i. Our strategy is clear, our platform is proven, and our customer and partner relationships are strong. Backed by stable private ownership, we are doubling down on execution around our 24i Video Cloud to deliver measurable, sustainable revenue growth for our customers. We are building for the long term, with the stability, focus, and operational discipline our customers and partners are accustomed to.”

24i will continue operating under its existing brand and leadership structure, with no changes to customer engagement or service delivery. Investment will continue across monetisation, data and personalisation capabilities, enabling customers to unlock new revenue streams, optimise audience engagement and drive sustainable growth.

A separate announcement confirmed that Amino has also been acquired by Sapphire Technology, establishing stable private ownership to support its next phase of growth. Sapphire Technology is wholly owned by Keith Todd CBE, who was Chairman of Amino from 2007 to 2019. Todd is an experienced technology entrepreneur and investor with leadership experience across public and private technology companies.

The acquisition provides long-term investment backing and a simplified capital structure designed to accelerate product development, strengthen operational performance and drive sustainable profitability. Leadership and customer-facing teams remain unchanged.

Mark Carlisle, CEO of Amino, commented: “This investment allows us to intensify our focus on product execution, operational efficiency and customer outcomes. With stable private ownership behind us, we are accelerating innovation across our device and platform portfolio while maintaining the continuity our customers expect.”

Like 24i, Amino will continue operating under its established brand, with no changes to customer relationships or support models.

Serving enterprise and operator customers worldwide, Amino delivers device and software solutions powering digital signage networks, enterprise video deployments and pay-TV services. Investment will focus on accelerating the device roadmap, enhancing platform capabilities and strengthening integration across hardware and software environments.

Financial terms were not disclosed.

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Categories: Business, Headline, M&A

Tags: 24i, Amino, streaming