Managed Video Services Acquisition: AVI-SPL Buys Iformata
AVI-SPL, a video communications provider, has acquired Iformata Communications LLC, a managed video services provider. Under the terms of the deal, AVI-SPLwill take over Iformata’s Video Network Operations Center (VNOC) business and its VNOC Symphony management platform. Overall, AVI-SPL is adding a suite of end-to-end automation services that includes call setup, intelligent framing, automated monitoring and event correlation, as well as a new managed conferencing offering.
The acquisition builds on AVI-SPL’s strategy, launched in 2009, to become a big-time player in the video communications and managed video services sector. Since the plan was enacted, AVI-SPL has steadily grown its video communications business, which reached $200 million in revenue in 2011.
According to AVI-SPL CEO John Zettel, the company now includes video services in over 50 percent of its projects, and the Iformata acquisition solidifies AVI-SPL’s commitment to further adding video communication services to its managed services offering.
Meanwhile, Iformata has been in business since 2004. Its customer portfolio includes global enterprise companies and equipment manufacturers, all of which will now be served by AVI-SPL.
“With the acquisition of Iformata, we become one of the only video solutions providers who can truly provide ever aspect of the video communications experience,” AVI-SPL Executive VP of Video and Unified Communication Mike Brandofino said in a prepared statement.