US Latino Spanish-language movie network provider Olympusat has bolstered its over-the-top offerings by acquiring TV everywhere and OTT video app solutions firm Float Left Interactive.
Float Left provides TV app solutions and specialises in developing immersive, cross-platform applications with a strong emphasis on personalisation and engagement. Since 2009, Float Left has launched over 250 over-the-top and TV everywhere applications with customers including Fox, CBS Sports, Viacom, AMC Networks and Red Bull. After the deal closes Float Left Interactive will continue to operate under its consumer-facing brand, but will be based at Olympusat’s Corporate Headquarters in West Palm Beach, Florida. The acquisition is part of Olympusat’s efforts to expand its digital footprint and engage a wider audience across its VEMOX B2B carrier-grade OTT platform. Developed for operators in the US and Latin America, the VEMOX platform combines technology and content, creating a customisable OPEX-based turnkey solution with over 100+ live Spanish and English language channels and 5,000+ hours of VOD content.
“This is a great fit for Olympusat,” remarked CEO Tom Mohler. “With Float Left Interactive’s resources, we will rapidly expand VEMOX’s capabilities. Just as importantly, we are bringing to Olympusat a great and talented team, led by Tom Schaeffer, who will move quickly with our own distribution and creative teams to create and build additional OTT services.”
Schaeffer, Float Left Interactive’s CEO, added: “Olympusat is truly the ideal home for us. Combining our deep experience in direct to consumer video services and coupled with Olympusat’s vast library and production expertise will provide an unlimited number of opportunities to create the next generation of TV experiences.”
