24i Media acquires StreamOne | Major Businesses | Business
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In a bid to strengthen and extend its technology stack, and making its third acquisition in twelve months, leading video app developer 24i Media has bought media technology provider StreamOne.

StreamOne 21March2019Founded in 2012, StreamOne deploys a suite of tools designed to publish videos to any device, anytime and anywhere. It boasts an interface that has plug and play integrations with third-parties for publishers and broadcasters. Indeed, the company fuels the video applications of one of the largest publishers in the Netherlands, TMG.

With the acquisition, 24i gets full access to the knowledge and technology of StreamOne, strengthening its capabilities to integrate with its strategic partners like OVPs and streaming video providers, and to optimise the end user experience. The acquisition is part of the company’s plan to ‘revolutionise’ the OTT ecosystem with technology innovations and to provide customers and partners with new tools that it says will better manage assets, maximise efficiencies, deliver new capabilities and optimise OTT value creation and monetisation.

“The acquisition of StreamOne’s technology is a leap forward for 24i in its ambition to innovate and optimise the user experience, user interaction and consumer value of tomorrow’s OTT services,” said Martijn van Horssen, CEO at 24i. “The OTT chain is really complex especially for broadcasters and content owners. With this acquisition we can simplify the creation and launch of video services for our customers. The StreamOne architecture and expertise throughout the OTT production chain improves our cooperation with and services to our strategic partners...StreamOne’s technology stack also accelerates our product roadmap with new modular functionalities and strengthens the architecture of our technology stack.”

“Today marks a transformational moment for StreamOne, and I'm delighted to join forces with one of the leading providers of video streaming apps - a global brand that is shaping the future of OTT,” added Ruud van der Linden, founder and CEO of StreamOne. “I am excited for this incredible opportunity to contribute to accelerate and scale 24i’s business and provide a new class of next-generation OTT technology to enhance our partner and customer relationships worldwide.”