With this transaction, effective immediately, Net Insight acquires the full product portfolio, IPRs, brand and inventory from Aperi Corporation for USD 1.2m in cash.
As part of a strategy to grow its core Media Networks business, Net Insight has today acquired Aperi Corporation’s Live IP media virtualisation platform and software product portfolio. The estimated impact of this deal on Net Insight’s operating earnings for 2020 is limited, according to a company statement. As part of this transaction, eight Aperi engineers will join Net Insight to continue drive development and support of the Aperi products.
Thousands of Aperi microservers are used each day in the live production and transport of Tier 1 sports content, including 4K, around the globe. Aperi’s technology enables service providers, content owners, rights holders and broadcasters to work faster, more efficiently, and at scale for the lowest-cost and most agile remote production. The combination of the virtualisation that it’s able to offer, along with its V-Stack media hypervisor-based approach, delivers low-latency media processing for both centralised and de-centralised media networks. With the acquisition, Net Insight hopes that Aperi’s all-IP product portfolio will complement and improve the competitiveness of its own media transport portfolio.
Net Insight has lately launched new products for internet-based transport (Nimbra 400) and cloud-based transport (Nimbra Edge). Key components of the growth strategy also include accelerated Nimbra product development and a commitment to offer open standards Nimbra products to the market.
“By adding the Aperi products to our portfolio, we can strengthen our offering to a larger set of
use cases for both existing and new customers,” commented Crister Fritzson, incoming CEO at Net Insight (from April 2020). “This transaction is an important part of building the new Net Insight.”
Speaking about the acquisition, Joop Janssen, CEO of Aperi added: “The Aperi product line, with its unique low-latency V-Stack hypervisor and open App/microservices store concept, will benefit from Net Insight’s global leadership, 20 plus years’ experience in media networking and strong development track record. I’m very happy that the original vision of Aperi’s founders – Eugene and Brian Keane – and the engineering team will not only move forward but further prosper within the larger Net Insight group.”
Ulrik Rohne, VP Media Networks at Net Insight also noted: “We share the Aperi product vision of an open and virtualised software architecture and are excited to welcome the team of skilled engineers to Net Insight and to continue supporting existing and new Aperi customers.